Duplex with Three-Stall
2211 10th Avenue S, Minneapolis, MN 55404
For Sale
$364,900
Residential Income, Minneapolis, MN
Property Size2,397 SF
Lot Size0.20 Acres
Price / SF$152.23
Days on Market49
Property Features for 2211 10th Avenue S
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Fencing
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
central air conditioning
fireplace
dishwasher
separate laundry
fenced yard
storage space
Building Details
Year built
Buildings
Listing Agency:
RE/MAX Results · RE/MAX International
(763) 235-7000
Listed By:
Rebecca L Simonton
(952) 829-2900
Added: Sep 28
Changed: Nov 6
Last Checked: Nov 15 at 5:06PM
MLS# 7151587
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.
Built in 1900, this 2,397-square-foot duplex contains two units, each equipped with central air conditioning, a fireplace, and a dishwasher. Separate gas and electric meters serve the units. A full basement provides laundry facilities for each unit, with washers, dryers, and additional storage space.
The property occupies a 0.2-acre lot with a detached three-stall garage and a chain-link-fenced yard. It is in South Minneapolis, near Abbot and Children's Hospital, downtown Minneapolis, public transportation, and shopping.
The property occupies a 0.2-acre lot with a detached three-stall garage and a chain-link-fenced yard. It is in South Minneapolis, near Abbot and Children's Hospital, downtown Minneapolis, public transportation, and shopping.
Key Highlights
- Two‑unit duplex with 2,397 square feet
- Central air conditioning, fireplaces, and dishwashers in both units
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,167
Cap Rate
8.82%
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 9.60%
Second Best
Apartment 5plus
$459.5K
$402.1K – $536.1K
NOI $32,167 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$571.9K
$500.4K – $667.2K
NOI $40,031 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
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
$294,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 units feature central air conditioning, fireplaces, and separate gas and electric meters.
Where is this duplex located?
The property is located at 2211 10th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,397 square feet; Central air conditioning, fireplaces, and dishwashers in both units; Separate gas and electric meters for each unit
