2531 California Street NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 21, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 6 at 11:06 am
Property Features for 2531 California Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement, Bedroom 2, Bedroom 1, Bedroom 3
- Parking features
- Driveway
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 1002924140111
- Size
- 1,931 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5617
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1910
- Building materials
- Brick
Listing agent Alexander Randall (952) 475-0111
Listing office Keller Williams Premier Realty Lake Minnetonka 13100 Wayzata Blvd. #400, Wayzata, MN (952) 475-0111
Listing date May 21, 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
- Up‑down duplex with brick exterior and construction
- Year built 1910
- Each unit includes private laundry
- Forced‑air heating
- Driveway parking
- Layout includes 3 bedrooms and 2 bathrooms plus a basement
Overview
The duplex is located at 2531 California Street NE in Minneapolis, MN 55418, in Northeast Minneapolis. It sits on a quiet residential street, which can appeal to tenants and owner-occupants looking for a calmer setting.
As a residential income property, this configuration may suit investors seeking a straightforward two-unit structure, or owner-occupants who want one unit for personal use while renting the other. Each unit’s private laundry and spacious living areas are practical features that can help support tenant satisfaction over time. The property’s size and lot footprint are compact, fitting for those who prefer a manageable duplex asset in a residential neighborhood setting.
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 | $42.9k | $22.20 |
| − Vacancy | −$2.6k | −$1.33 |
| EGI | $40.3k | $20.87 |
| − OpEx | −$12.1k | −$6.26 |
| NOI | $28.2k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.268572
- Latitude
- 45.01411
