Renovated 4-Unit
For Sale
$799,900
2316 25TH Avenue S, Minneapolis, MN 55406
Each residence has in-unit laundry, central air, and high-efficiency HVAC.
Property Size4,309 SF
Price / SF$185.63
Days on Market59
Property Features for 2316 25TH Avenue S
General Information
Standard status
Active
Size
4,309 SF
Total Parking Spaces
6
Property subtype
Multi-family
Lease Term
[]
Net Operating Income
$57,090
Financials
Cap Rate
7.14%
Gross Income
$86,000
Additional Details
Multifamily Units
4
Amenities
in-unit laundry
central air
high-efficiency HVAC
Building Details
Year Built
1883
Year Renovated
2019
Listing Agency:
RE/MAX Results
Listed By:
Jason J Reed
(612) 332-9000
Source:
C21atwood
Added: Aug 25
Changed: Oct 16
Last Checked: Oct 20 at 11:22PM
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.
This 4-unit quadplex in Minneapolis’ Seward neighborhood contains 10 bedrooms across 4,309 square feet. Built in 1883, the property received renovations in 2019. Each unit is equipped with in-unit laundry, central air, and high-efficiency HVAC, and the site includes 6 off-street parking spaces.
Tenants pay gas and electric. The property has a stated cap rate of approximately 7.14%.
Tenants pay gas and electric. The property has a stated cap rate of approximately 7.14%.
Key Highlights
- Four units with a total of 10 bedrooms
- 4,309 square feet; built in 1883
- Renovations completed in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,841
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,820
$1.1M
Cap Rate 7%
$797,729
$797.7K
Cap Rate 9%
$620,456
$620.5K
Market Conditions
NOI Build-Up for 4,309 SF
Gross rent
$85.3K $19.80/SF
− Vacancy
−$5.5K −$1.29/SF
EGI
$79.8K $18.51/SF
− OpEx
−$23.9K −$5.55/SF
NOI
$55.8K $12.96/SF
Area
ZIP 55406
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,820
Cap Rate 7%
$797,729
Cap Rate 9%
$620,456
Alternative Uses
Best Use
Multifamily LT 5
$797.7K
$698.0K – $930.7K
NOI $55,841 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$742.5K
$649.7K – $866.2K
NOI $51,972 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,138 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,699
Businesses Nearby
Explore this area
Business Placement
Demographics for 55406, MN
34,588
Population
17,439
Households
2
Avg Household Size
39
Median Age
56%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
6,918
Density / Sq Mi
$91,865
Median Household Income
$56,291
Median Earnings
$1,276
Median Rent
$335,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has in-unit laundry, central air, and high-efficiency HVAC.
Where is this quadplex located?
The property is located at 2316 25TH Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four units with a total of 10 bedrooms; 4,309 square feet; built in 1883; Renovations completed in 2019
