Updated Two-Unit
2742 Taylor Street NE, Minneapolis, MN 55418
For Sale
$375,000
Pending
Separate upper and lower homes provide five bedrooms and two bathrooms across the property.
Property Size1,972 SF
Days on Market54
Property Features for 2742 Taylor Street NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
10K Realty
(763) 377-2616
Listed By:
Kelly L Sowada
(612) 750-6426
Source:
Caibert
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 8 at 5:17PM
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 10K Realty
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences: a main-floor unit with 2 bedrooms and 1 bathroom, and an upper-level unit with 3 bedrooms and 1 bathroom. Both interiors have updated flooring, paint, countertops, and fixtures. A front porch adds outdoor space, while the unfinished basement offers storage. The property was built in 1900 and includes off-street parking for occupants of both units.
Located at 2742 Taylor Street NE in Minneapolis, the property combines two distinct living areas with a five-bedroom, two-bathroom layout. The upper and lower units have their own interior spaces, and the basement provides additional storage capacity.
Located at 2742 Taylor Street NE in Minneapolis, the property combines two distinct living areas with a five-bedroom, two-bathroom layout. The upper and lower units have their own interior spaces, and the basement provides additional storage capacity.
Key Highlights
- Two residences: main‑floor 2‑bedroom, 1‑bath unit and upper‑level 3‑bedroom, 1‑bath unit
- Both units have updated flooring, paint, countertops, and fixtures
- Front porch and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,812
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,240
$576.2K
Cap Rate 7%
$411,600
$411.6K
Cap Rate 9%
$320,133
$320.1K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$43.8K $22.20/SF
− Vacancy
−$2.6K −$1.33/SF
EGI
$41.2K $20.87/SF
− OpEx
−$12.3K −$6.26/SF
NOI
$28.8K $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%
$576,240
Cap Rate 7%
$411,600
Cap Rate 9%
$320,133
Alternative Uses
Best Use
Multifamily LT 5
$411.6K
$360.2K – $480.2K
NOI $28,812 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$378.1K
$330.8K – $441.1K
NOI $26,464 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$470.5K
$411.7K – $548.9K
NOI $32,933 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
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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
$332,500
Median Home Value
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Market
Average Price Trend$/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 - Separate upper and lower homes provide five bedrooms and two bathrooms across the property.
Where is this duplex located?
The property is located at 2742 Taylor Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences: main‑floor 2‑bedroom, 1‑bath unit and upper‑level 3‑bedroom, 1‑bath unit; Both units have updated flooring, paint, countertops, and fixtures; Front porch and off‑street parking
