Duplex with Updated Upper
For Sale
$375,000
3127 Silver Lake Road NE, Saint Anthony, MN 55418
Residential Income, Saint Anthony, MN
Property Size1,508 SF
Lot Size0.24 Acres
Price / SF$248.67
Days on Market10
Property Features for 3127 Silver Lake Road NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Laundry Room, Bathroom 2, Basement, Bedroom 1, Bedroom 2
Patio and Porch features
Deck
Fencing
Chain Link
Subdivision
Bonnie View Heights
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
St. Anthony-New Brighton
Directions
35 W TO INDUSTRIAL BLVD GO WEST ON INDUSTRIAL THEN TURN RIGH ON SILVER LAKE RD. FOLLOW TO PROPERTY ON RIGHT.
Standard status
Active
APN
0602923420155
Size
1,508 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7224
Utilities
Heating system
Oil
Building Details
Year built
1915
Building materials
Concrete, Frame
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Jason J Reed
(952) 829-2900
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 28 at 10:06AM
MLS# 7162170
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.
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Investment Insights
Based on property information with market context.
This residential income property is a duplex with a renovated upper unit. Its kitchen includes stainless steel appliances, stone countertops, custom cabinetry, and ceramic tile flooring. The bathroom has a fully tiled shower with a rain showerhead. An upper-level deck and an oversized backyard provide outdoor space, and the property also includes a shed.
The property contains 1,508 square feet on a 0.24-acre lot. Built in 1915, it has concrete and frame construction, oil heating, and chain-link fencing.
The property contains 1,508 square feet on a 0.24-acre lot. Built in 1915, it has concrete and frame construction, oil heating, and chain-link fencing.
Key Highlights
- Duplex with a renovated upper unit
- 1,508 square feet on a 0.24‑acre lot
- Upper unit includes a deck; property has an oversized backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,626
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,520
$352.5K
Cap Rate 7%
$251,800
$251.8K
Cap Rate 9%
$195,844
$195.8K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$34.0K $22.56/SF
− Vacancy
−$2.0K −$1.31/SF
EGI
$32.0K $21.25/SF
− OpEx
−$14.4K −$9.56/SF
NOI
$17.6K $11.69/SF
Area
Hennepin County, MN
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,520
Cap Rate 7%
$251,800
Cap Rate 9%
$195,844
Alternative Uses
Best Use
Apartment 5plus
$251.8K
$220.3K – $293.8K
NOI $17,626 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.8K
$314.8K – $419.7K
NOI $25,184 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
508
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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Frequently Asked Questions
What type of property is this?
Residential income property - The upper unit features a renovated kitchen, a tiled shower, and access to a spacious deck.
Where is this residential income property located?
The property is located at 3127 Silver Lake Road NE Saint Anthony, 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: Duplex with a renovated upper unit; 1,508 square feet on a 0.24‑acre lot; Upper unit includes a deck; property has an oversized backyard
