Renovated Quadplex with
2316 25th Avenue S, Minneapolis, MN 55406
For Sale
$799,900
Residential Income, Minneapolis, MN
Property Size4,309 SF
Lot Size0.19 Acres
Price / SF$185.63
Days on Market59
Property Features for 2316 25th Avenue S
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
in-unit laundry
central air
high-efficiency HVAC
Building Details
Year built
Roof type
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Jason J Reed
(952) 829-2900
Added: Sep 12
Changed: Oct 23
Last Checked: Nov 9 at 3:06AM
MLS# 7144916
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.
This four-unit multifamily property at 2316 25th Avenue S in Minneapolis contains 4,309 square feet, 10 bedrooms, and four bathrooms. The building dates to 1883 and received significant renovations in 2019. Each residence includes in-unit laundry, central air, and high-efficiency HVAC, while forced-air heating serves the property. A shingle roof and driveway parking complete the primary improvements.
The property occupies 0.19 acres in Minneapolis’s Seward neighborhood, within ZIP Code 55406. Six off-street parking spaces provide additional on-site capacity. The stated cap rate is approximately 7.14%, and tenants pay gas and electric. The unit configuration, apartment-level amenities, and renovated condition support continued multifamily use.
The property occupies 0.19 acres in Minneapolis’s Seward neighborhood, within ZIP Code 55406. Six off-street parking spaces provide additional on-site capacity. The stated cap rate is approximately 7.14%, and tenants pay gas and electric. The unit configuration, apartment-level amenities, and renovated condition support continued multifamily use.
Key Highlights
- Four‑unit property with 10 bedrooms and 4,309 square feet
- Approximately 7.14% cap rate
- Significant 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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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,699
Businesses Nearby
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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
$335,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Minneapolis, MN
Properties on Market for Quadplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated multifamily property with in-unit laundry, central air, and high-efficiency HVAC in Minneapolis’s Seward neighborhood.
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‑unit property with 10 bedrooms and 4,309 square feet; Approximately 7.14% cap rate; Significant renovations completed in 2019
