12-Unit Apartment
For Sale
$1,250,000
2212 Bryant Ave S, Minneapolis, MN 55405
Twelve-unit multifamily property near Uptown, with close proximity to Lake of the Isles and the Midtown Greenway.
Property Size6,669 SF
Days on Market64
Property Features for 2212 Bryant Ave S
General Information
Standard status
Active
Size
6,669 SF
Property subtype
Multifamily
Building Details
Building Size
6,669 SF
Year Built
1962
Listed By:
Cody Smith
(651) 353-3657
Source:
Kisergroup
Added: Jul 26
Changed: Sep 6
Last Checked: Sep 26 at 4:21AM
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 Cody Smith
Investment Insights
Based on property information with market context.
2212 Bryant Ave S is a 12-unit apartment building in Minneapolis’ Lowry Hill East (“The Wedge”) neighborhood. The property’s unit count supports straightforward multifamily ownership and management within an established urban rental area.
The building benefits from a highly walkable, bike-friendly setting with convenient access to Uptown and a variety of neighborhood destinations. It is described as being just blocks from Lake of the Isles and Bde Maka Ska, and near the Midtown Greenway, with access to downtown Minneapolis, major employers, and the University of Minnesota via nearby transit routes and major thoroughfares.
As presented, the location combines neighborhood amenities and connectivity that can support long-term rental demand for well-located apartments in Minneapolis.
The building benefits from a highly walkable, bike-friendly setting with convenient access to Uptown and a variety of neighborhood destinations. It is described as being just blocks from Lake of the Isles and Bde Maka Ska, and near the Midtown Greenway, with access to downtown Minneapolis, major employers, and the University of Minnesota via nearby transit routes and major thoroughfares.
As presented, the location combines neighborhood amenities and connectivity that can support long-term rental demand for well-located apartments in Minneapolis.
Key Highlights
- 12‑unit multifamily apartment building built in 1962
- Located in Minneapolis’ Lowry Hill East (The Wedge) neighborhood, just minutes from Uptown
- Close to Lake of the Isles and Bde Maka Ska
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,496
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,789,920
$1.8M
Cap Rate 7%
$1,278,514
$1.3M
Cap Rate 9%
$994,400
$994.4K
Market Conditions
NOI Build-Up for 6,669 SF
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.
Gross rent
$173.7K $26.04/SF
− Vacancy
−$10.9K −$1.64/SF
EGI
$162.7K $24.40/SF
− OpEx
−$73.2K −$10.98/SF
NOI
$89.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,789,920
Cap Rate 7%
$1,278,514
Cap Rate 9%
$994,400
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,496 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,376 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,902
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit multifamily property near Uptown, with close proximity to Lake of the Isles and the Midtown Greenway.
Where is this apartment building located?
The property is located at 2212 Bryant Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 12‑unit multifamily apartment building built in 1962; Located in Minneapolis’ Lowry Hill East (The Wedge) neighborhood, just minutes from Uptown; Close to Lake of the Isles and Bde Maka Ska
