Single-Level Two-Unit
2630 Johnson Street NE, Minneapolis, MN 55418
For Sale
New
$329,900
Residential Income, Minneapolis, MN
Property Size1,099 SF
Lot Size0.11 Acres
Price / SF$300.18
Days on Market5
Property Features for 2630 Johnson Street NE
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Subdivision
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
solar panels
EV charging
patio
firepit
carport
shed
rainwater irrigation system
raised garden beds
in-unit washer/dryer
Building Details
Year built
Roof type
Listing Agency:
Keller Williams Realty Integrity Lakes
Listed By:
Claire Louise Johnston · License MN NST502053587
(612) 821-7400
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 7:06AM
MLS# 7166492
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.
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Investment Insights
Based on property information with market context.
This 1,099-square-foot duplex contains two side-by-side, single-level residences, each with one bedroom, one bathroom, a renovated kitchen, updated flooring, and its own washer and dryer. One unit is vacant, while the other generates rental income. The 0.11-acre property also includes a patio, firepit, carport, shed, raised garden beds, and rainwater irrigation. Owned solar panels and an EV charging station serve the property, and a new metal roof carries a 50-year designation.
Located in Northeast Minneapolis, the property is near Central Avenue, Windom Park, and the Quarry. I-35W and downtown Minneapolis are a short drive away.
Located in Northeast Minneapolis, the property is near Central Avenue, Windom Park, and the Quarry. I-35W and downtown Minneapolis are a short drive away.
Key Highlights
- Two side‑by‑side residences, each with 1 bedroom and 1 bathroom
- 1,099‑square‑foot building on a 0.11‑acre lot
- Renovated kitchens, updated flooring, and in‑unit washer and dryer in both residences
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
Single-tenant
Tenancy
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
$332,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 has a renovated kitchen, private laundry, and one bedroom with a full bath.
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 residences, each with 1 bedroom and 1 bathroom; 1,099‑square‑foot building on a 0.11‑acre lot; Renovated kitchens, updated flooring, and in‑unit washer and dryer in both residences
