Remodeled Quadplex with
For Sale
$650,000
2740 Lyndale Avenue S, Minneapolis, MN 55408
Residential Income, Minneapolis, MN
Property Size2,856 SF
Lot Size0.11 Acres
Price / SF$227.59
Days on Market208
Property Features for 2740 Lyndale Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 6
Exterior features
Stucco
Subdivision
Lowry Hill East
High school district
Minneapolis
Directions
From Hennepin, Lake Street E to Lyndale N to property
Standard status
Active
APN
3302924410067
Size
2,856 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12285
Utilities
Heating system
Forced Air, Hot Water(Heating)
Amenities
storage spaces
Building Details
Year built
1909
Building materials
Brick
Listing Agency:
National Realty Guild
(651) 330-8001
Listed By:
Su-Jingjing Brown
(651) 494-4000
Added: Mar 12
Changed: Oct 3
Last Checked: Oct 5 at 4:06PM
MLS# 7035375
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.
This 2,856-square-foot quadplex contains four two-bedroom units in a brick and stucco building constructed in 1909. The property was completely remodeled by the previous owner, including the roof, boilers, furnaces, and electrical systems, with permits pulled for the work. Each apartment has its own boiler and furnace. The basement provides two large storage areas with substantial ceiling height, while the site includes eight off-street parking spaces.
Located on Lyndale Avenue in Minneapolis’ Uptown area, the property is within walking distance of lakes, coffee shops, and restaurants. One unit is being held vacant for the sale, providing an existing four-unit configuration with one available apartment.
Located on Lyndale Avenue in Minneapolis’ Uptown area, the property is within walking distance of lakes, coffee shops, and restaurants. One unit is being held vacant for the sale, providing an existing four-unit configuration with one available apartment.
Key Highlights
- 2,856‑square‑foot quadplex with four two‑bedroom units
- Completely remodeled by the previous owner, including roof, boilers, furnaces, and electrical systems
- Four separate boilers and furnaces serve the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,728
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,560
$834.6K
Cap Rate 7%
$596,114
$596.1K
Cap Rate 9%
$463,644
$463.6K
Market Conditions
NOI Build-Up for 2,856 SF
Gross rent
$63.4K $22.20/SF
− Vacancy
−$3.8K −$1.33/SF
EGI
$59.6K $20.87/SF
− OpEx
−$17.9K −$6.26/SF
NOI
$41.7K $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%
$834,560
Cap Rate 7%
$596,114
Cap Rate 9%
$463,644
Alternative Uses
Best Use
Multifamily LT 5
$596.1K
$521.6K – $695.5K
NOI $41,728 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$547.5K
$479.1K – $638.8K
NOI $38,327 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$681.4K
$596.2K – $795.0K
NOI $47,697 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,058
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with individual heating systems, basement storage, and off-street parking in Minneapolis’ Uptown area.
Where is this quadplex located?
The property is located at 2740 Lyndale Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,856‑square‑foot quadplex with four two‑bedroom units; Completely remodeled by the previous owner, including roof, boilers, furnaces, and electrical systems; Four separate boilers and furnaces serve the units
