Updated Two-Unit
For Sale
$339,000
3327 Oakland Ave, Minneapolis, MN 55407
Both residences are occupied and offer hardwood floors, a full basement, and off-street parking.
Property Size1,920 SF
Price / SF$176.56
Days on Market61
Property Features for 3327 Oakland Ave
General Information
Standard status
Active
Size
1,920 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Gross Income
$34,860
Amenities
hardwood floors
full basement
Building Details
Year Built
1937
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Classic Rlty NW
Listed By:
Tomas Rodrigo Leal
(651) 783-6579
Source:
Putyourrootsdown
Added: Aug 6
Changed: Oct 5
Last Checked: Oct 4 at 2:15PM
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 Classic Rlty NW
Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex contains two tenant-occupied residences, each configured with two bedrooms and two bathrooms. The property includes hardwood flooring, a full basement, and four off-street parking spaces. Recent work includes flat roof repair completed in 2026, fresh interior paint, and updated window framing. Tenants are responsible for electricity and gas, and both units are leased month to month.
Located at 3327 Oakland Ave in Minneapolis, the property is near downtown, parks, transit, and I-35W. Its residential income configuration and existing occupancy provide a straightforward addition to a multifamily portfolio or an owner-occupied arrangement.
Located at 3327 Oakland Ave in Minneapolis, the property is near downtown, parks, transit, and I-35W. Its residential income configuration and existing occupancy provide a straightforward addition to a multifamily portfolio or an owner-occupied arrangement.
Key Highlights
- 1,920 SF duplex with two 2‑bed/2‑bath units
- Both units are tenant‑occupied with month‑to‑month leases
- Four‑car off‑street parking and a full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,053
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,060
$561.1K
Cap Rate 7%
$400,757
$400.8K
Cap Rate 9%
$311,700
$311.7K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$42.6K $22.20/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$40.1K $20.87/SF
− OpEx
−$12.0K −$6.26/SF
NOI
$28.1K $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%
$561,060
Cap Rate 7%
$400,757
Cap Rate 9%
$311,700
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,053 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.4K
NOI $25,766 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$458.1K
$400.8K – $534.4K
NOI $32,065 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,620
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Check the figures for this property
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 - Both residences are occupied and offer hardwood floors, a full basement, and off-street parking.
Where is this duplex located?
The property is located at 3327 Oakland Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 1,920 SF duplex with two 2‑bed/2‑bath units; Both units are tenant‑occupied with month‑to‑month leases; Four‑car off‑street parking and a full basement
