Duplex with Three-Stall
For Sale
$374,700
2211 10th Ave S, Minneapolis, MN 55404
Two occupied units offer central air, fireplaces, separate utilities, dedicated laundry, and access to a fenced yard.
Property Size2,397 SF
Price / SF$156.32
Days on Market73
Property Features for 2211 10th Ave S
General Information
Standard status
Active
Size
2,397 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
central air conditioning
fireplaces
dishwashers
separate laundry
fenced yard
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Results
Listed By:
Rebecca L Simonton
(952) 829-2900
Source:
Homesearchlive
Added: Aug 8
Changed: Oct 15
Last Checked: Oct 16 at 1:25PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,397-square-foot duplex includes two occupied units, each equipped with central air conditioning, a fireplace, and a dishwasher. Separate electric and gas meters serve the units, while a full basement provides individual laundry areas with washers and dryers along with additional storage.
The property at 2211 10th Ave S in Minneapolis includes a three-stall garage and a large fenced yard. Its South Minneapolis setting places it near Abbot & Children’s Hospital, downtown Minneapolis, public transportation, shopping, and local amenities.
The property at 2211 10th Ave S in Minneapolis includes a three-stall garage and a large fenced yard. Its South Minneapolis setting places it near Abbot & Children’s Hospital, downtown Minneapolis, public transportation, shopping, and local amenities.
Key Highlights
- 2,397‑square‑foot duplex built in 1900
- Both units are occupied and include central air conditioning, fireplaces, and dishwashers
- Separate electric and gas meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,167
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,340
$643.3K
Cap Rate 7%
$459,529
$459.5K
Cap Rate 9%
$357,411
$357.4K
Market Conditions
NOI Build-Up for 2,397 SF
Gross rent
$62.4K $26.04/SF
− Vacancy
−$3.9K −$1.64/SF
EGI
$58.5K $24.40/SF
− OpEx
−$26.3K −$10.98/SF
NOI
$32.2K $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%
$643,340
Cap Rate 7%
$459,529
Cap Rate 9%
$357,411
Alternative Uses
Best Use
Multifamily LT 5
$500.3K
$437.8K – $583.7K
NOI $35,022 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$459.5K
$402.1K – $536.1K
NOI $32,167 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$571.9K
$500.4K – $667.2K
NOI $40,031 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 55404, MN
29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer central air, fireplaces, separate utilities, dedicated laundry, and access to a fenced yard.
Where is this duplex located?
The property is located at 2211 10th Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $374,700.
What are key features of this property?
This property features: 2,397‑square‑foot duplex built in 1900; Both units are occupied and include central air conditioning, fireplaces, and dishwashers; Separate electric and gas meters for each unit
