Duplex with Detached
For Sale
$499,900
3044 Fremont Avenue S, Minneapolis, MN 55408
Residential Income, Minneapolis, MN
Property Size2,400 SF
Lot Size0.15 Acres
Price / SF$208.29
Days on Market54
Property Features for 3044 Fremont Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Laundry Room
Parking features
Driveway, Garage - Detached
Patio and Porch features
Porch, Deck
Fencing
Privacy
Subdivision
Calhoun Park
Lot features
Corner Lot
High school district
Minneapolis
Directions
CORNER OF 31ST ST & FREMONT AVE S
Standard status
Active
APN
0402824120062
Size
2,400 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8048
Utilities
Heating system
Oil, Other (Heating), Hot Water(Heating)
Building Details
Year built
1900
Roof type
Shingle
Listing Agency:
Keller Williams Premier Realty Lake Minnetonka · Keller Williams Realty
(952) 475-0111
Listed By:
Rick Brama
(952) 233-0125
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 5 at 7:06PM
MLS# 7121589
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 duplex contains 2,400 square feet and sits on a 0.15-acre lot. The property was built in 1900 and includes a detached garage, driveway, porch, deck, and privacy fencing.
Located in Minneapolis, the property is near the Chain of Lakes, with Uptown shops, restaurants, and entertainment described as nearby.
Located in Minneapolis, the property is near the Chain of Lakes, with Uptown shops, restaurants, and entertainment described as nearby.
Key Highlights
- 2,400 square feet of building area
- 0.15‑acre lot
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,066
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,320
$701.3K
Cap Rate 7%
$500,943
$500.9K
Cap Rate 9%
$389,622
$389.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$50.1K $20.87/SF
− OpEx
−$15.0K −$6.26/SF
NOI
$35.1K $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%
$701,320
Cap Rate 7%
$500,943
Cap Rate 9%
$389,622
Alternative Uses
Best Use
Multifamily LT 5
$500.9K
$438.3K – $584.4K
NOI $35,066 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$460.1K
$402.6K – $536.8K
NOI $32,207 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,081 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,100
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A 1900-built property includes a porch, deck, and driveway parking.
Where is this duplex located?
The property is located at 3044 Fremont Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,400 square feet of building area; 0.15‑acre lot; Built in 1900
