Up-and-Down Duplex with
2501 Bryant Ave S, Minneapolis, MN 55411
For Sale
$380,000
Two separate residences are complemented by finished lower-level space with a second kitchen and bathroom.
Property Size2,213 SF
Price / SF$171.71
Days on Market12
Property Features for 2501 Bryant Ave S
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Edina Realty, Inc.
(651) 224-4321
Listed By:
Noel Krueger
(612) 703-5575
Source:
Exprealty
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 8 at 9:17AM
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 Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
This Minneapolis duplex contains 2,213 finished square feet arranged across upper and main-level residences. Each unit has two bedrooms and a full bathroom. The finished lower level adds a bedroom with an egress window, a 3/4 bathroom, and a second kitchen. A two-stall garage serves the property.
Zoned R6, the property may offer additional use or conversion options, subject to city approval. The lower-level configuration could support expanding the main residence to three bedrooms or exploring a third unit, also subject to approval.
Zoned R6, the property may offer additional use or conversion options, subject to city approval. The lower-level configuration could support expanding the main residence to three bedrooms or exploring a third unit, also subject to approval.
Key Highlights
- 2,213 finished square feet in an up‑and‑down duplex
- Two‑bedroom upper and main‑level units, each with a full bathroom
- Finished lower level includes a bedroom with egress window, 3/4 bathroom, and second kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,333
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,660
$646.7K
Cap Rate 7%
$461,900
$461.9K
Cap Rate 9%
$359,256
$359.3K
Market Conditions
NOI Build-Up for 2,213 SF
Gross rent
$49.1K $22.20/SF
− Vacancy
−$2.9K −$1.33/SF
EGI
$46.2K $20.87/SF
− OpEx
−$13.9K −$6.26/SF
NOI
$32.3K $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%
$646,660
Cap Rate 7%
$461,900
Cap Rate 9%
$359,256
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.2K – $538.9K
NOI $32,333 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$424.3K
$371.2K – $495.0K
NOI $29,698 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$528.0K
$462.0K – $616.0K
NOI $36,958 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,519
Businesses Nearby
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Business Placement
Demographics for 55411, MN
31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences are complemented by finished lower-level space with a second kitchen and bathroom.
Where is this duplex located?
The property is located at 2501 Bryant Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,213 finished square feet in an up‑and‑down duplex; Two‑bedroom upper and main‑level units, each with a full bathroom; Finished lower level includes a bedroom with egress window, 3/4 bathroom, and second kitchen
