Renovated Duplex with Detached
New
For Sale
$649,900
2731 Fremont Avenue S, Minneapolis, MN 55408
Residential Income, Minneapolis, MN
Property Size3,515 SF
Lot Size0.12 Acres
Price / SF$184.89
Days on Market3
Property Features for 2731 Fremont Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Laundry Room, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Parking features
Driveway, Garage - Detached
Patio and Porch features
Patio
Subdivision
Harrisons 2nd Add
High school district
Minneapolis
Directions
From Lyndale travel W at 26th St, left on Fremont
Standard status
Active
APN
3302924420110
Size
3,515 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7658
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Listing Agency:
National Realty Guild
(651) 330-8001
Listed By:
Renae Browley
(651) 494-4000
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 10 at 3:06AM
MLS# 7156113
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.
Investment Insights
Based on property information with market context.
The duplex contains 3,515 square feet and dates to 1900. A 2026 renovation included roof replacement work, new second- and third-floor windows, exterior repairs, and new paint. The second unit was reconfigured with four bedrooms and two bathrooms; the second-floor bathroom was remodeled, and a third-floor bathroom was added. Kitchen updates include shaker cabinetry, quartz countertops, and stainless steel appliances. New water heaters, furnaces, air conditioning, and ductwork were installed, alongside new flooring, refinished hardwood, and updated light fixtures.
The 0.12-acre property includes a detached garage with three individual stalls, a driveway, and a patio. It is located in Minneapolis, Minnesota, in the Lowry Hill East neighborhood.
The 0.12-acre property includes a detached garage with three individual stalls, a driveway, and a patio. It is located in Minneapolis, Minnesota, in the Lowry Hill East neighborhood.
Key Highlights
- 3,515‑square‑foot duplex on a 0.12‑acre lot
- 2026 renovation included roof work, exterior repairs, and new upper‑floor windows
- Second 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 three-stall garage, updated mechanical systems, and a four-bedroom second unit distinguish this Minneapolis property.
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 on a 0.12‑acre lot; 2026 renovation included roof work, exterior repairs, and new upper‑floor windows; Second unit configured with 4 bedrooms and 2 bathrooms
