Duplex With Attached Two-Stall
For Sale
$275,000
3236 James Avenue N, Minneapolis, MN 55412
Residential Income, Minneapolis, MN
Property Size1,824 SF
Lot Size0.11 Acres
Price / SF$150.77
Days on Market144
Property Features for 3236 James Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
Parking features
Garage - Attached, Garage, Driveway
Exterior features
Vinyl
Subdivision
Sylvan Park Add
Lot features
Tree Coverage - Light
High school district
Minneapolis
Directions
Take Lowry Ave to N James Ave, go North to property on your right.
Standard status
Active
APN
0902924240205
Size
1,824 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3665
Utilities
Heating system
Forced Air
Building Details
Year built
1910
Roof type
Shingle
Listing Agency:
Wits Realty
(612) 444-5507
Listed By:
Samuel Andrews
(402) 432-5729
Added: May 15
Changed: Sep 30
Last Checked: Oct 5 at 4:06PM
MLS# 7073439
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 1,824 square feet on a 0.11-acre lot and was built in 1910. The property includes four listed bedrooms, two listed bathrooms, and a basement, with vinyl exterior siding, a shingle roof, and forced-air heating. Parking includes a tuck-under attached garage with two stalls, along with a driveway.
Located at 3236 James Avenue N in Minneapolis, the property is identified by postal code 55412 in Hennepin County. Its configuration provides two residential units within a compact city lot, with covered on-site parking as a notable physical feature.
Located at 3236 James Avenue N in Minneapolis, the property is identified by postal code 55412 in Hennepin County. Its configuration provides two residential units within a compact city lot, with covered on-site parking as a notable physical feature.
Key Highlights
- 1,824‑square‑foot duplex on a 0.11‑acre lot
- Attached tuck‑under garage with two stalls
- Four listed bedrooms and two listed bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,478
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,560
$489.6K
Cap Rate 7%
$349,686
$349.7K
Cap Rate 9%
$271,978
$272.0K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$47.5K $26.04/SF
− Vacancy
−$3.0K −$1.64/SF
EGI
$44.5K $24.40/SF
− OpEx
−$20.0K −$10.98/SF
NOI
$24.5K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,560
Cap Rate 7%
$349,686
Cap Rate 9%
$271,978
Alternative Uses
Best Use
Multifamily LT 5
$380.7K
$333.1K – $444.2K
NOI $26,650 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$349.7K
$306.0K – $408.0K
NOI $24,478 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$435.2K
$380.8K – $507.7K
NOI $30,462 @ 7.0% cap · market cap 11.08%
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
549
Businesses Nearby
Explore this area
Business Placement
Demographics for 55412, MN
23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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-unit property with covered attached parking, a basement, and a residential layout across two levels.
Where is this duplex located?
The property is located at 3236 James Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,824‑square‑foot duplex on a 0.11‑acre lot; Attached tuck‑under garage with two stalls; Four listed bedrooms and two listed bathrooms
