2309 Buchanan Street NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 1, 2026
- Days on Market:
- 67
- Last Refresh:
- Jul 6 at 11:06 am
Property Features for 2309 Buchanan Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Basement, Bedroom 6, Bedroom 5
- Parking features
- Garage - Detached
- Exterior features
- Stucco, Vinyl
- Standard status
- Active
- APN
- 1202924310040
- Size
- 2,474 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8461
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Roof type
- Shingle
Listing agent Tamara B. Wenz (651) 494-4000
Listing office National Realty Guild 5200 Willson Road, Suite 150, Minneapolis, MN (651) 330-8001
Listing date May 1, 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.
HighLights
- 2‑story duplex in Windom Park with easy access to shopping, restaurants, and downtown
- 3 bedrooms in each unit with hardwood floors throughout
- New windows and roof in 2024; stucco and vinyl siding
- All outgoing plumbing replaced with PVC pipe and main sewer line descaled and lined in 2023
- Sun room with a view of the city
- Detached garage plus basement laundry area with storage and patio in the back yard
Overview
The home is located in the Windom Park neighborhood of Minneapolis, Minnesota, with easy access to shopping, restaurants, and downtown. Out of respect for the current occupant, 24-hour showing notice is required. The upper floor unit is described as easy to show, and the main floor unit is currently occupied and would be available at a second showing.
For buyers seeking an owner-occupant setup, the layout supports living in one unit while renting the other. With multiple bedrooms per unit, the duplex should also appeal to tenants looking for more space, while the shared basement laundry and storage can simplify day-to-day living.
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 | $54.9k | $22.20 |
| − Vacancy | −$3.3k | −$1.33 |
| EGI | $51.6k | $20.87 |
| − OpEx | −$15.5k | −$6.26 |
| NOI | $36.1k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2393263
- Latitude
- 45.0117963
