Six-Bedroom
New
For Sale
$389,900
2313 Polk Street NE, Minneapolis, MN 55418
Residential Income, Minneapolis, MN
Property Size2,308 SF
Lot Size0.09 Acres
Price / SF$168.93
Days on Market4
Property Features for 2313 Polk Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bathroom 1
Subdivision
Hoyts Add To St Anthony
High school district
Minneapolis
Directions
From Lowry Ave NE, head north on Polk St NE. Continue past 23rd Ave NE; the home will be on your right just before 24th Ave NE.
Standard status
Active
APN
1202924320060
Size
2,308 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6074
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Aaron Neuman
(612) 600-6000
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 5 at 3:06PM
MLS# 7155184
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.
This Minneapolis duplex contains 2,308 square feet and sits on a 0.09-acre lot. The six bedrooms and two bathrooms are arranged across the property, with a basement providing additional interior space. Forced-air heating serves the building, which dates to 1900.
The property is at 2313 Polk Street NE in Northeast Minneapolis, within ZIP code 55418. The surrounding district includes restaurants, coffee shops, breweries, galleries, and local retail. Downtown Minneapolis is described as a short trip from the address.
The property is at 2313 Polk Street NE in Northeast Minneapolis, within ZIP code 55418. The surrounding district includes restaurants, coffee shops, breweries, galleries, and local retail. Downtown Minneapolis is described as a short trip from the address.
Key Highlights
- Two‑unit duplex with six bedrooms and two bathrooms
- 2,308 square feet on a 0.09‑acre lot
- Built in 1900 with forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,722
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,440
$674.4K
Cap Rate 7%
$481,743
$481.7K
Cap Rate 9%
$374,689
$374.7K
Market Conditions
NOI Build-Up for 2,308 SF
Gross rent
$51.2K $22.20/SF
− Vacancy
−$3.1K −$1.33/SF
EGI
$48.2K $20.87/SF
− OpEx
−$14.5K −$6.26/SF
NOI
$33.7K $14.61/SF
Area
Minneapolis, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,440
Cap Rate 7%
$481,743
Cap Rate 9%
$374,689
Alternative Uses
Best Use
Multifamily LT 5
$481.7K
$421.5K – $562.0K
NOI $33,722 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$442.5K
$387.2K – $516.2K
NOI $30,973 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$550.6K
$481.8K – $642.4K
NOI $38,545 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - A two-unit residential property offers separate living spaces and rental use.
Where is this duplex located?
The property is located at 2313 Polk Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two‑unit duplex with six bedrooms and two bathrooms; 2,308 square feet on a 0.09‑acre lot; Built in 1900 with forced‑air heating
