Corner-Lot
For Sale
$799,000
2500 Como Ave SE, Minneapolis, MN 55414
Fully occupied residential income property with hardwood floors, built-in dining buffets, and rear off-street parking.
Property Size4,026 SF
Price / SF$198.46
Days on Market18
Property Features for 2500 Como Ave SE
General Information
Standard status
Active
Size
4,026 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Amenities
hardwood flooring
natural woodwork
dining rooms with built-in buffets
9 foot ceilings
off-street parking
Building Details
Year Built
1922
Buildings
1
Listing Agency:
National Realty Guild
(651) 494-4000
Listed By:
Su-Jingjing Brown
Source:
Vibemn
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 25 at 5:48AM
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 National Realty Guild
Investment Insights
Based on property information with market context.
This 4,026-square-foot quadplex, built in 1922, contains four residential units, each offering three bedrooms and one bathroom. Interior features include solid hardwood flooring, natural woodwork, dining rooms with built-in buffets, and 9-foot ceilings. Rear off-street parking serves the building, which occupies a corner double lot.
The property is fully rented and located minutes from Dinkytown and the University of Minnesota campus, with a short commute to Downtown Minneapolis and Saint Paul. Four broilers were installed in 2025, and the windows were replaced in 2019.
The property is fully rented and located minutes from Dinkytown and the University of Minnesota campus, with a short commute to Downtown Minneapolis and Saint Paul. Four broilers were installed in 2025, and the windows were replaced in 2019.
Key Highlights
- Four‑unit building with 3BR/1BA layouts in each unit
- 4,026 SF quadplex on a corner double lot
- Fully rented residential income property
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
$58,823
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
7.36%
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%
$1,176,460
$1.2M
Cap Rate 7%
$840,329
$840.3K
Cap Rate 9%
$653,589
$653.6K
Market Conditions
NOI Build-Up for 4,026 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
$89.4K $22.20/SF
− Vacancy
−$5.3K −$1.33/SF
EGI
$84.0K $20.87/SF
− OpEx
−$25.2K −$6.26/SF
NOI
$58.8K $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 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%
$1,176,460
Cap Rate 7%
$840,329
Cap Rate 9%
$653,589
Alternative Uses
Best Use
Multifamily LT 5
$840.3K
$735.3K – $980.4K
NOI $58,823 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$771.8K
$675.4K – $900.5K
NOI $54,028 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$960.5K
$840.5K – $1.12M
NOI $67,236 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with hardwood floors, built-in dining buffets, and rear off-street parking.
Where is this quadplex located?
The property is located at 2500 Como Ave SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit building with 3BR/1BA layouts in each unit; 4,026 SF quadplex on a corner double lot; Fully rented residential income property
