Two-Unit Duplex with In-Unit
For Sale
$365,000
2104 N 6th St, Minneapolis, MN 55418
Both apartments have separate laundry and leases extending into 2027.
Property Size2,503 SF
Price / SF$145.83
Days on Market9
Property Features for 2104 N 6th St
General Information
Standard status
Active
Size
2,503 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Near North
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,355
Amenities
in-unit laundry
on-site parking
unfinished basement
attic space
Listing Agency:
Pemberton RE
(612) 260-8777
Listed By:
Gary McCoy
(651) 500-6028
Source:
Exprealty
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 30 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pemberton RE
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Investment Insights
Based on property information with market context.
This two-level duplex contains two apartments, each with two bedrooms, one bathroom, and in-unit laundry. The property totals 2,503 square feet and includes on-site parking, an unfinished basement, and attic storage space. Both apartments are currently leased: the main-floor unit through 11/30/2027 and the upper-floor unit through 10/31/2027.
The property is at 2104 N 6th St in Minneapolis, near shopping, dining, and everyday services.
The property is at 2104 N 6th St in Minneapolis, near shopping, dining, and everyday services.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 2,503 square feet across an up‑and‑down duplex layout
- Main‑level apartment leased through 11/30/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,590
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,800
$671.8K
Cap Rate 7%
$479,857
$479.9K
Cap Rate 9%
$373,222
$373.2K
Market Conditions
NOI Build-Up for 2,503 SF
Gross rent
$65.2K $26.04/SF
− Vacancy
−$4.1K −$1.64/SF
EGI
$61.1K $24.40/SF
− OpEx
−$27.5K −$10.98/SF
NOI
$33.6K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,800
Cap Rate 7%
$479,857
Cap Rate 9%
$373,222
Alternative Uses
Best Use
Multifamily LT 5
$522.4K
$457.1K – $609.5K
NOI $36,571 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$479.9K
$419.9K – $559.8K
NOI $33,590 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$597.2K
$522.5K – $696.7K
NOI $41,801 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
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Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have separate laundry and leases extending into 2027.
Where is this duplex located?
The property is located at 2104 N 6th St Minneapolis, MN.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 2,503 square feet across an up‑and‑down duplex layout; Main‑level apartment leased through 11/30/2027
