Renovated Two-Unit
2630 Johnson Street NE, Minneapolis, MN 55418
For Sale
New
$329,900
Each residence offers a private washer and dryer, with one unit currently vacant.
Property Size1,099 SF
Price / SF$300.18
Days on Market2
Property Features for 2630 Johnson Street NE
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
solar panels
EV charging
patio
firepit
carport
shed
rainwater irrigation system
raised garden beds
in-unit laundry
Building Details
Year Built
Buildings
Stories
Listing Agency:
Keller Williams Realty Integrity Lakes
Listed By:
Claire Johnston · License MN NST502053587
(507) 581-6811
Source:
Winhometeam
Added: Nov 10
Last Checked: Nov 10 at 2:26PM
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
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Investment Insights
Based on property information with market context.
This 1,099-square-foot, side-by-side duplex in Minneapolis has two single-level residences, each with one bedroom and one bathroom. Both units have updated kitchens and flooring, plus individual washers and dryers. The property was built in 1929 and has a metal roof, owned solar panels, and EV charging. One unit is vacant; the other is occupied.
Outdoor and site features include a patio, firepit, carport, shed, raised garden beds, and rainwater irrigation. Central Avenue, Windom Park, and the Quarry are nearby, with access to downtown and I-35W also noted.
Outdoor and site features include a patio, firepit, carport, shed, raised garden beds, and rainwater irrigation. Central Avenue, Windom Park, and the Quarry are nearby, with access to downtown and I-35W also noted.
Key Highlights
- Two side‑by‑side units, each with 1 bedroom and 1 bathroom
- 1,099 square feet; built in 1929
- Both units renovated with updated kitchens and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,057
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,140
$321.1K
Cap Rate 7%
$229,386
$229.4K
Cap Rate 9%
$178,411
$178.4K
Market Conditions
NOI Build-Up for 1,099 SF
Gross rent
$24.4K $22.20/SF
− Vacancy
−$1.5K −$1.33/SF
EGI
$22.9K $20.87/SF
− OpEx
−$6.9K −$6.26/SF
NOI
$16.1K $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%
$321,140
Cap Rate 7%
$229,386
Cap Rate 9%
$178,411
Alternative Uses
Best Use
Multifamily LT 5
$229.4K
$200.7K – $267.6K
NOI $16,057 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$210.7K
$184.4K – $245.8K
NOI $14,748 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$262.2K
$229.4K – $305.9K
NOI $18,354 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
632
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
$332,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Each residence offers a private washer and dryer, with one unit currently vacant.
Where is this duplex located?
The property is located at 2630 Johnson Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 1 bedroom and 1 bathroom; 1,099 square feet; built in 1929; Both units renovated with updated kitchens and flooring
