Renovated Quadplex with
For Sale
$799,900
2316 25th Avenue S, Minneapolis, MN 55406
Residential Income, Minneapolis, MN
Property Size4,309 SF
Lot Size0.19 Acres
Price / SF$185.63
Days on Market13
Property Features for 2316 25th Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 1, Bedroom 9, Bathroom 2, Bedroom 10, Basement, Bedroom 4, Bedroom 2, Bedroom 3, Laundry Room, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 4
Parking features
Driveway
Subdivision
Fair Ground Add
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
Minneapolis
Directions
Franklin ave to 26th ave s go north to 23rd st turn right follow to 25th ave turn left follow to property on your right
Standard status
Active
APN
3602924120107
Size
4,309 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11888
Utilities
Heating system
Forced Air
Amenities
in-unit laundry
central air
high-efficiency HVAC
Building Details
Year built
1883
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Jason J Reed
(952) 829-2900
Added: Sep 12
Changed: Sep 24
Last Checked: Sep 24 at 4:06AM
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.
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 = 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
$55,841
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
6.98%
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%
$1,116,820
$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
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
$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 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%
$1,116,820
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.
Property Analytics
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Open Analytics
Current Use
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
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?
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
