2206 Arthur Street NE Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jul 2, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 11 at 1:06 pm
Property Features for 2206 Arthur Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Basement, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
- Parking features
- Open, Driveway, Garage - Attached
- Exterior features
- Stucco, Wood
- Standard status
- Active
- APN
- 1202924420165
- Size
- 2,618 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8080
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1949
Listing agent Jamie Bolinger (612) 821-7400
Listing office Keller Williams Realty Integrity Lakes 800 N Washington Ave N Ste 460, Minneapolis, MN (612) 821-7400
Listing date Jul 2, 2026
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.
The property has been maintained with multiple recent improvements. Updates include a new roof in 2021, two new furnaces in 2023, and new air conditioning for the upper unit in 2023. The lower unit renovations include new carpet, fresh paint, a bathroom refresh, butcher block countertops, and updated hardware.
From a tenant and operator standpoint, the vacant lower unit provides immediate flexibility, while the upper unit’s existing lease offers continued income coverage. For buyers considering either investment or owner-occupancy, the duplex format supports separate living arrangements within one property, with meaningful updates already in place.
Key Highlights
- Up/down duplex in Windom Park with a vacant lower unit (4 beds, 2 baths) for immediate owner‑occupant flexibility or leasing.
- Upper 1‑bedroom, 1‑bath unit is leased through September 2026 for $1,400/month.
- Previously leased lower unit income of $2,575/month; provides documented rental history for the 4‑bed/2‑bath space.
Local 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 | $58.1k | $22.20 |
| − Vacancy | −$3.5k | −$1.33 |
| EGI | $54.6k | $20.87 |
| − OpEx | −$16.4k | −$6.26 |
| NOI | $38.3k | $14.61 |
