Well-Maintained Fourplex Residential
2720 Dupont Avenue S, Minneapolis, MN 55408
MULTI_FAMILY - Minneapolis, MN
Property size:
4,000 SFLot size:
0.12 AcresPrice / SF:
$168/SF- Added:
- May 18, 2026
- Days on Market:
- 43
- Last Refresh:
- Jun 29 at 11:06 pm
Property Features for 2720 Dupont Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Basement, Bedroom 7, Bedroom 1, Bathroom 3, Bedroom 8, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 2
- Parking features
- Driveway
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 3302924420072
- Size
- 4,000 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12469
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1905
- Roof type
- Flat
Listing agent Reid Lenz (612) 600-8888
Listing office Verde Real Estate Group 17736 Old Excelsior Blvd, Minnetonka, MN (612) 808-6600
Listing date May 18, 2026
MLS# 7076234
Listing URL
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
- Income‑producing 4plex with all units configured as 2 bed/1 bath and approximately 1,000 SF per unit
- Average rent listed as $1,510/month per unit with separate utilities
- Large paved off‑street parking lot in the rear with driveway parking for all units
- Updates noted in the last 5–8 years include new water heaters, new windows, SS appliances, and updated unit kitchens
- Shared laundry and storage available in a clean, dry basement
- Built in 1905 with stucco exterior and flat roof; heating is oil
Overview
This well-maintained fourplex includes four separate 2-bedroom, 1-bath units. Each unit is described as approximately 1,000 square feet and the property features preserved character such as hardwood floors and built-in buffets. Recent improvements referenced in the remarks include new water heaters, new windows, stainless-steel appliances, and cosmetic updates in the units, including updated kitchens, completed within the last 5–8 years. A clean, dry basement provides shared laundry and storage, and utilities are listed as separate.
The property is located at 2720 Dupont Avenue S in Minneapolis, MN 55408. The building is set on a quiet street with a paved, expansive parking lot in the rear, providing off-street parking for all units. The remarks also describe convenient walking/biking access to Lake of the Isles, Bde Maka Ska, bike trails, downtown, nightlife, and shopping.
For buyers, this four-unit setup offers a straightforward residential income configuration with four similarly sized units and shared basement amenities. The separate utilities and substantial off-street parking can support day-to-day tenant needs. The remarks also note an owner-occupant or “house hack” angle with at least one unit expected to be available to move into after closing, depending on post-closing availability.
The property is located at 2720 Dupont Avenue S in Minneapolis, MN 55408. The building is set on a quiet street with a paved, expansive parking lot in the rear, providing off-street parking for all units. The remarks also describe convenient walking/biking access to Lake of the Isles, Bde Maka Ska, bike trails, downtown, nightlife, and shopping.
For buyers, this four-unit setup offers a straightforward residential income configuration with four similarly sized units and shared basement amenities. The separate utilities and substantial off-street parking can support day-to-day tenant needs. The remarks also note an owner-occupant or “house hack” angle with at least one unit expected to be available to move into after closing, depending on post-closing availability.
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 | $88.8k | $22.20 |
| − Vacancy | −$5.3k | −$1.33 |
| EGI | $83.5k | $20.87 |
| − OpEx | −$25.0k | −$6.26 |
| NOI | $58.4k | $14.61 |
4,000 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$834.9K
$730.5K – $974.1K
NOI $58,443 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$766.8K
$671.0K – $894.7K
NOI $53,679 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$954.3K
$835.0K – $1.11M
NOI $66,802 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.293524
- Latitude
- 44.953055
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit building with updated interiors, rear off-street parking, and a clean basement for laundry and storage.
Where is this quadplex located?
The property is located at 2720 Dupont Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Income‑producing 4plex with all units configured as 2 bed/1 bath and approximately 1,000 SF per unit; Average rent listed as $1,510/month per unit with separate utilities; Large paved off‑street parking lot in the rear with driveway parking for all units
