Two-Unit Duplex with Separate
For Sale
$439,900
2545 Fillmore St Ne, Minneapolis, MN 55418
The upper residence is vacant, while the lower unit is leased through July 31, 2027.
Property Size2,827 SF
Price / SF$155.61
Days on Market16
Property Features for 2545 Fillmore St Ne
General Information
Standard status
Active
Size
2,827 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,474
Amenities
shared laundry
separate storage
garden space
back porch
3-season porch
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Shae Hanson · License #20567148
(612) 730-7013
Source:
Exprealty
Added: Oct 1
Changed: Oct 11
Last Checked: Oct 15 at 5:20AM
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 Keller Williams Realty Integrity Lakes
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two distinct residences. The main-floor unit has 2 bedrooms, 1 bath, hardwood flooring and natural woodwork. Across two levels, the upper unit offers 4 bedrooms, 2 baths and two living areas; it is currently vacant. The lower residence is leased through July 31, 2027. Each unit has its own three-season porch, with shared laundry, separate storage, garden space and a rear porch serving the property. The building totals 2,827 square feet.
A concrete parking pad accommodates up to 4 cars. Eastside Food Co-op and the Central and Lowry area are within walking distance, with coffee shops, dining and neighborhood businesses nearby.
A concrete parking pad accommodates up to 4 cars. Eastside Food Co-op and the Central and Lowry area are within walking distance, with coffee shops, dining and neighborhood businesses nearby.
Key Highlights
- 2,827‑square‑foot duplex with a 2‑bedroom, 1‑bath main‑floor unit
- Upper unit spans two levels and has 4 bedrooms, 2 baths and two living areas
- Upper residence is vacant; lower unit leased through 7/31/27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,938
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,760
$758.8K
Cap Rate 7%
$541,971
$542.0K
Cap Rate 9%
$421,533
$421.5K
Market Conditions
NOI Build-Up for 2,827 SF
Gross rent
$73.6K $26.04/SF
− Vacancy
−$4.6K −$1.64/SF
EGI
$69.0K $24.40/SF
− OpEx
−$31.0K −$10.98/SF
NOI
$37.9K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,760
Cap Rate 7%
$541,971
Cap Rate 9%
$421,533
Alternative Uses
Best Use
Multifamily LT 5
$590.1K
$516.3K – $688.4K
NOI $41,304 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$542.0K
$474.2K – $632.3K
NOI $37,938 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$674.5K
$590.2K – $786.9K
NOI $47,212 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
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
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence is vacant, while the lower unit is leased through July 31, 2027.
Where is this duplex located?
The property is located at 2545 Fillmore St Ne Minneapolis, MN.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 2,827‑square‑foot duplex with a 2‑bedroom, 1‑bath main‑floor unit; Upper unit spans two levels and has 4 bedrooms, 2 baths and two living areas; Upper residence is vacant; lower unit leased through 7/31/27
