2508 W 39th Street, Minneapolis, MN 55410
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 23, 2026
- Days on Market:
- 38
- Last Refresh:
- Jun 29 at 11:06 pm
Property Features for 2508 W 39th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Basement
- Parking features
- Garage - Detached
- Exterior features
- Brick/Stone, Stucco
- Standard status
- Active
- APN
- 0802824110019
- Size
- 3,070 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 14907
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1952
Listing agent Jim Diorio (952) 226-7700
Listing office RE/MAX Advantage Plus 215 Hwy 55 Suite 310, Savage, MN (763) 682-3030
Listing date May 23, 2026
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.
HighLights
- Well‑maintained duplex built in 1952 with brick/stone and stucco exterior
- Recent updates include a new roof (2024), new A/C for both units (2025), and new furnaces for Unit 2508 (2025)
- Both units include hardwood floors, classic fireplaces, spacious layouts, and abundant natural light
- Forced‑air heating and detached garage parking
- Duplex includes multiple bedrooms and bathrooms per the room layout, plus a basement
Overview
The property is located at 2508 W 39th Street in Minneapolis, MN 55410, in an area described as Southwest Minneapolis. Public remarks indicate it is about one block from Bde Maka Ska and near Thomas Beach, with convenient access to walking and biking trails, parks, and public transportation.
For investors, the duplex configuration provides two units under one ownership, while the combination of original character elements and documented system updates can support a smoother ownership experience. Owner-occupants may also value the option to live in one unit while renting the other, with nearby lake and recreation amenities and access to everyday conveniences.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.2k | $22.20 |
| − Vacancy | −$4.1k | −$1.33 |
| EGI | $64.1k | $20.87 |
| − OpEx | −$19.2k | −$6.26 |
| NOI | $44.9k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.3125241
- Latitude
- 44.9324339
