309 Washington Avenue S, Edina, MN 55343
- Added:
- May 23, 2026
- Days on Market:
- 42
- Last Refresh:
- Jul 3 at 11:06 am
Property Features for 309 Washington Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Basement, Bedroom 4, Bathroom 2, Bathroom 1
- Parking features
- Open, Driveway, Garage - Detached
- Exterior features
- Vinyl
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 3011721220068
- Size
- 2,125 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7108
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1958
- Building materials
- Block, Frame
- Roof type
- Shingle
Listing agent Jim Diorio (952) 226-7700
Listing office RE/MAX Advantage Plus 215 Hwy 55 Suite 310, Savage, MN (763) 682-3030
Listing date May 23, 2026
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.
HighLights
- Side‑by‑side duplex built in 1958 with block and frame construction
- Brand‑new roof and siding completed in 2025
- Unit 311 includes a newer furnace and central air system installed in 2019
- Double‑pane windows tilt inward for easy cleaning and improved energy efficiency
- Detached garage plus driveway and open parking; chain‑link fencing
- Includes basements with in‑unit laundry and abundant storage for each unit
Overview
The exterior has benefited from major improvements, including a brand-new roof and siding completed in 2025. Unit 311 also includes a newer furnace and central air system installed in 2019, helping reduce near-term mechanical concerns. The property’s unfinished basement space can provide room for future expansion, and Unit 311 may accommodate a future third bedroom with an added egress window.
Whether you’re an owner-occupant or an investor, the duplex configuration supports independent living while keeping day-to-day maintenance straightforward. The combination of recent exterior work, in-unit laundry, and private outdoor space makes the units appealing for tenants, while the basement flexibility can also be useful for buyers considering additional finishes over time.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $19.80 |
| − Vacancy | −$2.7k | −$1.29 |
| EGI | $39.3k | $18.51 |
| − OpEx | −$11.8k | −$5.55 |
| NOI | $27.5k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Edina
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.40092
- Latitude
- 44.919861
