Duplex with Four-Car
For Sale
$339,000
3327 Oakland Avenue, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size1,920 SF
Lot Size0.11 Acres
Price / SF$176.56
Days on Market157
Property Features for 3327 Oakland Avenue
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, Bedroom 1, Bedroom 4, Laundry Room, Bathroom 1, Bathroom 2, Bedroom 3
Parking features
Driveway
Patio and Porch features
Porch
Fencing
Privacy, Chain Link
Subdivision
Nichols & Saegers Add
Lot features
Public Transit (w/in 6 blks)
High school district
Minneapolis
Directions
PORTLAND AVENUE SOUTH - EAST ON 34th STREET - LEFT TO OAKLAND
Standard status
Active
APN
0202824230151
Size
1,920 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4521
Utilities
Heating system
Other (Heating), Hot Water(Heating)
Amenities
hardwood floors
full basement
Building Details
Year built
1937
Building materials
Block, Frame
Roof type
Flat
Listing Agency:
Keller Williams Classic Rlty NW · Keller Williams Realty
(763) 463-7500
Listed By:
Tomas Rodrigo Leal
(763) 657-4444
Added: May 2
Changed: Oct 3
Last Checked: Oct 5 at 2:06PM
MLS# 7067303
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 1,920-square-foot duplex contains two-bedroom units on a 0.11-acre lot. Built in 1937, the property has hardwood floors, a full basement, a porch, and a flat roof. Off-street driveway parking accommodates four cars. Recent work includes flat-roof repairs in 2026, fresh paint, and updated window framing.
Both units are tenant-occupied under month-to-month leases. Tenants pay their own electricity and gas. The property is in Minneapolis, near downtown, parks, transit, and I-35W.
Both units are tenant-occupied under month-to-month leases. Tenants pay their own electricity and gas. The property is in Minneapolis, near downtown, parks, transit, and I-35W.
Key Highlights
- Two‑bedroom units on both levels
- 1,920 square feet on a 0.11‑acre lot
- Four‑car off‑street driveway parking
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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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 two-bedroom units are occupied, with month-to-month leases.
Where is this duplex located?
The property is located at 3327 Oakland Avenue 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: Two‑bedroom units on both levels; 1,920 square feet on a 0.11‑acre lot; Four‑car off‑street driveway parking
