Side-by-Side Duplex with Detached
New
For Sale
$465,000
3010 Tyler St Ne, Minneapolis, MN 55413
Two separately metered residences offer private entrances, individual central air, and dedicated lower-level laundry and storage.
Property Size2,510 SF
Price / SF$185.26
Days on Market7
Property Features for 3010 Tyler St Ne
General Information
Standard status
Active
Size
2,510 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,627
Building Details
Buildings
1
Listing Agency:
Keller Williams Premier Realty Lake Minnetonka
(952) 475-0111
Listed By:
Bethany Nelson
(763) 888-8311
Source:
Exprealty
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 2:50AM
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 Keller Williams Premier Realty Lake Minnetonka
Investment Insights
Based on property information with market context.
This 2,510-square-foot side-by-side duplex contains a three-bedroom, one-bath unit and a two-bedroom, one-bath unit. Each residence has a private entrance, separate electric meter, central air, and its own lower-level washer and dryer with storage. The larger unit combines a main-floor kitchen, dining, and living area with three upstairs bedrooms; its finishes include refinished hardwood floors, new carpeting, oak cabinetry, stainless steel appliances, and a renovated full bath. The second unit has a main-level living room and kitchen, plus an upper-level reading room. A detached oversized garage serves the property, and a new roof is scheduled for installation in October.
The duplex is located near Audubon Park, with playgrounds, ball fields, and a splash pad. Central Avenue restaurants and coffee shops are nearby, and downtown Minneapolis is a quick trip away.
The duplex is located near Audubon Park, with playgrounds, ball fields, and a splash pad. Central Avenue restaurants and coffee shops are nearby, and downtown Minneapolis is a quick trip away.
Key Highlights
- Side‑by‑side duplex with 2,510 square feet
- Unit mix: 3‑bedroom, 1‑bath and 2‑bedroom, 1‑bath residences
- Separate electric meters, private entrances, and individual central air for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,673
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,460
$733.5K
Cap Rate 7%
$523,900
$523.9K
Cap Rate 9%
$407,478
$407.5K
Market Conditions
NOI Build-Up for 2,510 SF
Gross rent
$55.7K $22.20/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$52.4K $20.87/SF
− OpEx
−$15.7K −$6.26/SF
NOI
$36.7K $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%
$733,460
Cap Rate 7%
$523,900
Cap Rate 9%
$407,478
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,673 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$481.2K
$421.0K – $561.4K
NOI $33,683 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$598.8K
$524.0K – $698.6K
NOI $41,918 @ 7.0% cap · market cap 9.01%
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
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 55413, MN
13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
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?
Duplex - Two separately metered residences offer private entrances, individual central air, and dedicated lower-level laundry and storage.
Where is this duplex located?
The property is located at 3010 Tyler St Ne Minneapolis, MN.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,510 square feet; Unit mix: 3‑bedroom, 1‑bath and 2‑bedroom, 1‑bath residences; Separate electric meters, private entrances, and individual central air for each unit
