Duplex with Updated
2105 Russell Avenue N, Minneapolis, MN 55411
For Sale
New
$299,000
Residential Income, Minneapolis, MN
Property Size1,664 SF
Lot Size0.14 Acres
Price / SF$179.69
Days on Market2
Property Features for 2105 Russell Avenue N
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Listing Agency:
Keller Williams Realty Integrity Lakes
Listed By:
Derwayne Isaac Moore
(612) 821-7400
Added: Nov 9
Last Checked: Nov 10 at 4:06AM
MLS# 7170849
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1964 duplex contains 1,664 square feet across two side-by-side units. Each unit has two bedrooms, one full bathroom, and an updated kitchen. A full unfinished basement is also part of the property, and heating is provided by forced air.
The parcel covers 0.14 acres in Minneapolis, Minnesota.
The parcel covers 0.14 acres in Minneapolis, Minnesota.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- Updated kitchen in each unit
- 1,664 square feet of building area on a 0.14‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,312
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,240
$486.2K
Cap Rate 7%
$347,314
$347.3K
Cap Rate 9%
$270,133
$270.1K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$36.9K $22.20/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$34.7K $20.87/SF
− OpEx
−$10.4K −$6.26/SF
NOI
$24.3K $14.61/SF
Area
Minneapolis, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,240
Cap Rate 7%
$347,314
Cap Rate 9%
$270,133
Alternative Uses
Best Use
Multifamily LT 5
$347.3K
$303.9K – $405.2K
NOI $24,312 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$319.0K
$279.1K – $372.2K
NOI $22,330 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$397.0K
$347.4K – $463.2K
NOI $27,790 @ 7.0% cap · market cap 9.29%
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
496
Businesses Nearby
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Business Placement
Demographics for 55411, MN
31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side homes provide matching layouts with separate kitchens and unfinished basement space.
Where is this duplex located?
The property is located at 2105 Russell Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; Updated kitchen in each unit; 1,664 square feet of building area on a 0.14‑acre lot
