Duplex with Updated Mechanical
For Sale
$749,900
Pending
2508 W 39th Street, Minneapolis, MN 55410
Residential Income, Minneapolis, MN
Property Size3,070 SF
Lot Size0.16 Acres
Days on Market141
Property Features for 2508 W 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Parking features
Garage - Detached
Subdivision
Linden Hills
High school district
Minneapolis
Directions
CORNER 39TH AND SHERIDAN AVE SOUTH
Standard status
Pending
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 Agency:
RE/MAX Advantage Plus · RE/MAX International
(763) 682-3030
Listed By:
Jim Diorio
(952) 226-7700
Added: May 23
Changed: Oct 8
Last Checked: Oct 10 at 11:06AM
MLS# 7070805
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 Minneapolis duplex contains 3,070 square feet across two units, with hardwood floors, fireplaces, generous layouts, and natural light. The 1952 property has forced-air heating and a detached garage. A new roof was installed in 2024, and both units received new air conditioning in 2025. Furnace replacements followed in Unit 2508 in 2025 and Unit 2510 in 2024.
The 0.16-acre property at 2508 W 39th Street is near Bde Maka Ska and Thomas Beach. Walking and biking trails, parks, restaurants, coffee shops, shopping, and public transportation are nearby, including a bus stop.
The 0.16-acre property at 2508 W 39th Street is near Bde Maka Ska and Thomas Beach. Walking and biking trails, parks, restaurants, coffee shops, shopping, and public transportation are nearby, including a bus stop.
Key Highlights
- Two‑unit duplex with 3,070 square feet on a 0.16‑acre lot
- Built in 1952; forced‑air heating and detached garage parking
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,855
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,100
$897.1K
Cap Rate 7%
$640,786
$640.8K
Cap Rate 9%
$498,389
$498.4K
Market Conditions
NOI Build-Up for 3,070 SF
Gross rent
$68.2K $22.20/SF
− Vacancy
−$4.1K −$1.33/SF
EGI
$64.1K $20.87/SF
− OpEx
−$19.2K −$6.26/SF
NOI
$44.9K $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%
$897,100
Cap Rate 7%
$640,786
Cap Rate 9%
$498,389
Alternative Uses
Best Use
Multifamily LT 5
$640.8K
$560.7K – $747.6K
NOI $44,855 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$588.6K
$515.0K – $686.7K
NOI $41,199 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$732.4K
$640.9K – $854.5K
NOI $51,271 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 55410, MN
21,352
Population
8,685
Households
2.5
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
3.1 sq mi
ZIP Area
6,888
Density / Sq Mi
$144,973
Median Household Income
$77,518
Median Earnings
$1,622
Median Rent
$597,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer hardwood floors, fireplaces, detached garage parking, and recent roof, cooling, and furnace work.
Where is this duplex located?
The property is located at 2508 W 39th Street Minneapolis, MN.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two‑unit duplex with 3,070 square feet on a 0.16‑acre lot; Built in 1952; forced‑air heating and detached garage parking; New roof installed in 2024
