Duplex With Finished
For Sale
$279,900
2115 5th Street NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
Property Size1,549 SF
Lot Size0.06 Acres
Price / SF$180.70
Days on Market8
Property Features for 2115 5th Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Single Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 3
Exterior features
Wood
Subdivision
Lennon & Newells Add To St Anthony
High school district
Minneapolis
Directions
University to Lowry, East to 5th Street, South to Home.
Standard status
Active
APN
1102924310163
Size
1,549 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5576
Utilities
Heating system
Forced Air
Amenities
finished basement
Building Details
Year built
1900
Listing Agency:
RES Realty
(952) 898-5760
Listed By:
Raul Sanchez Aguilar
(952) 898-5760
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 31 at 5:06PM
MLS# 7106983
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.
Investment Insights
Based on property information with market context.
This duplex features two residential units, with each unit offering 2 bedrooms and 1 bathroom. A finished basement is included, creating additional bonus room space that can support a variety of home uses such as an office, recreation, or storage.
The property is located near I-94, with access to restaurants, parks, and other nearby amenities.
With a total size of 1,549 square feet, this is a straightforward income-producing duplex opportunity. Buyers and agents are responsible for verifying all information and measurements.
The property is located near I-94, with access to restaurants, parks, and other nearby amenities.
With a total size of 1,549 square feet, this is a straightforward income-producing duplex opportunity. Buyers and agents are responsible for verifying all information and measurements.
Key Highlights
- Duplex with each unit offering 2 bedrooms and 1 bathroom
- Finished basement adds bonus rooms for options like a home office, recreation, or storage
- Forced‑air heating
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $22.20 |
| − Vacancy | −$2.1k | −$1.33 |
| EGI | $32.3k | $20.87 |
| − OpEx | −$9.7k | −$6.26 |
| NOI | $22.6k | $14.61 |
1,549 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.2K
NOI $22,632 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$297.0K
$259.8K – $346.5K
NOI $20,787 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$369.6K
$323.4K – $431.2K
NOI $25,869 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two units, each offering 2 bedrooms and 1 bathroom plus finished basement bonus space.
Where is this duplex located?
The property is located at 2115 5th Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Duplex with each unit offering 2 bedrooms and 1 bathroom; Finished basement adds bonus rooms for options like a home office, recreation, or storage; Forced‑air heating
