Duplex With Detached
New
For Sale
$649,900
2731 Fremont Avenue S, Minneapolis, MN 55408
A 2026 renovation updated the kitchens, bathrooms, major systems, finishes, and portions of the building exterior.
Property Size3,515 SF
Price / SF$184.89
Days on Market2
Property Features for 2731 Fremont Avenue S
General Information
Standard status
Active
Size
3,515 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Furnished
No
Multifamily Units
2
Building Details
Year Built
1900
Year Renovated
2026
Listing Agency:
Pemberton Re
Listed By:
Michael Bartus
(952) 400-7000
Source:
Hometwincities
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 9 at 6:20PM
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 Pemberton Re
Investment Insights
Based on property information with market context.
This 3,515-square-foot duplex, built in 1900, received extensive updates in 2026. The work included a partial roof replacement, new second- and third-floor windows, and repairs to exterior components. One unit now has a four-bedroom, two-bathroom layout. Interior improvements include remodeled bathrooms, updated kitchens with shaker cabinetry, quartz counters and stainless steel appliances, and new flooring alongside refinished hardwood. Mechanical work covered two water heaters, two furnaces, air conditioning, and ductwork throughout.
A detached garage provides three individual stalls. The property is located in Minneapolis.
A detached garage provides three individual stalls. The property is located in Minneapolis.
Key Highlights
- 3,515‑square‑foot duplex built in 1900
- 2026 renovation included a partial roof replacement and new windows on the second and third floors
- One unit configured with 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,357
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,140
$1.0M
Cap Rate 7%
$733,671
$733.7K
Cap Rate 9%
$570,633
$570.6K
Market Conditions
NOI Build-Up for 3,515 SF
Gross rent
$78.0K $22.20/SF
− Vacancy
−$4.7K −$1.33/SF
EGI
$73.4K $20.87/SF
− OpEx
−$22.0K −$6.26/SF
NOI
$51.4K $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%
$1,027,140
Cap Rate 7%
$733,671
Cap Rate 9%
$570,633
Alternative Uses
Best Use
Multifamily LT 5
$733.7K
$642.0K – $856.0K
NOI $51,357 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$673.9K
$589.6K – $786.2K
NOI $47,170 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$838.6K
$733.8K – $978.4K
NOI $58,702 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,230
Businesses Nearby
Explore this area
Business Placement
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - A 2026 renovation updated the kitchens, bathrooms, major systems, finishes, and portions of the building exterior.
Where is this duplex located?
The property is located at 2731 Fremont Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 3,515‑square‑foot duplex built in 1900; 2026 renovation included a partial roof replacement and new windows on the second and third floors; One unit configured with 4 bedrooms and 2 bathrooms
