Seven-Bedroom Duplex with
For Sale
$575,000
2121 Harriet Avenue, Minneapolis, MN 55405
Residential Income, Minneapolis, MN
Property Size3,152 SF
Lot Size0.12 Acres
Price / SF$182.42
Days on Market58
Property Features for 2121 Harriet Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 1, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 6, Bathroom 1
Subdivision
Badger & Penneys Add
High school district
Minneapolis
Directions
2121 Harriet Ave
Standard status
Active
APN
3402924220080
Size
3,152 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10160
Utilities
Heating system
Oil
Amenities
large front porches
storage lockers
Building Details
Year built
1910
Listing Agency:
Keller Williams Classic Rlty NW · Keller Williams Realty
(763) 463-7500
Listed By:
Michael Moe
(763) 657-4444
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 16 at 11:06AM
MLS# 7011221
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 1910 duplex contains 3,152 square feet across two units: a five-bedroom, two-bath residence upstairs and a two-bedroom, one-bath unit below. Both units have hardwood floors, original woodwork, remodeled kitchens and bathrooms, granite countertops, stainless steel appliances, front porches, and natural light.
Building improvements include two newer boilers, a high-efficiency on-demand water heater, a new roof, replacement siding, premium gutter guards, and chimney tuckpointing. The 0.12-acre property also has four off-street parking spaces and basement storage lockers.
Building improvements include two newer boilers, a high-efficiency on-demand water heater, a new roof, replacement siding, premium gutter guards, and chimney tuckpointing. The 0.12-acre property also has four off-street parking spaces and basement storage lockers.
Key Highlights
- Two units: five bedrooms and two bathrooms upstairs; two bedrooms and one bathroom downstairs
- 3,152 square feet on a 0.12‑acre lot
- Hardwood floors, original woodwork, granite countertops, and stainless steel appliances in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,053
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,060
$921.1K
Cap Rate 7%
$657,900
$657.9K
Cap Rate 9%
$511,700
$511.7K
Market Conditions
NOI Build-Up for 3,152 SF
Gross rent
$70.0K $22.20/SF
− Vacancy
−$4.2K −$1.33/SF
EGI
$65.8K $20.87/SF
− OpEx
−$19.7K −$6.26/SF
NOI
$46.1K $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%
$921,060
Cap Rate 7%
$657,900
Cap Rate 9%
$511,700
Alternative Uses
Best Use
Multifamily LT 5
$657.9K
$575.7K – $767.6K
NOI $46,053 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$604.3K
$528.7K – $705.0K
NOI $42,299 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$752.0K
$658.0K – $877.3K
NOI $52,640 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 55405, MN
15,497
Population
8,724
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
5,535
Density / Sq Mi
$70,425
Median Household Income
$47,271
Median Earnings
$1,188
Median Rent
$450,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature remodeled kitchens and baths, original woodwork, and hardwood flooring.
Where is this duplex located?
The property is located at 2121 Harriet Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two units: five bedrooms and two bathrooms upstairs; two bedrooms and one bathroom downstairs; 3,152 square feet on a 0.12‑acre lot; Hardwood floors, original woodwork, granite countertops, and stainless steel appliances in both units
