12-Unit Apartment Building with
For Sale
$1,280,000
3334 Blaisdell Avenue, Minneapolis, MN 55408
Multifamily property with on-site laundry, a varied apartment mix, and business/commercial zoning.
Property Size7,644 SF
Price / SF$167.45
Days on Market73
Property Features for 3334 Blaisdell Avenue
General Information
Standard status
Active
Size
7,644 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
Business/Commercial
Site & Location
Neighborhood
Powderhorn
Units
Unit Mix
11 x 1BR, 1 x studio
Multifamily Units
12
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$18,601
Amenities
on-site laundry
Building Details
Building Size
7,644 SF
Year Built
1925
Stories
2
Units
12
Listing Agency:
Bridge Realty, LLC
(952) 368-0021
Listed By:
Blake Ondercin · License #40690595
(612) 390-8590
Source:
Driveresultsrealty
Added: Aug 13
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
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 Bridge Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12-unit apartment building in Minneapolis contains 7,644 square feet and was built in 1925. The apartments comprise 11 one-bedroom units and one studio. On-site laundry serves the building, and a separate garage provides 10 stalls.
The property is located at 3334 Blaisdell Avenue in Minneapolis, Minnesota, and is zoned Business/Commercial.
The property is located at 3334 Blaisdell Avenue in Minneapolis, Minnesota, and is zoned Business/Commercial.
Key Highlights
- 12 apartments: 11 one‑bedroom units and one studio
- 7,644 square feet; built in 1925
- Detached garage with 10 stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,580
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,051,600
$2.1M
Cap Rate 7%
$1,465,429
$1.5M
Cap Rate 9%
$1,139,778
$1.1M
Market Conditions
NOI Build-Up for 7,644 SF
Gross rent
$199.0K $26.04/SF
− Vacancy
−$12.5K −$1.64/SF
EGI
$186.5K $24.40/SF
− OpEx
−$83.9K −$10.98/SF
NOI
$102.6K $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%
$2,051,600
Cap Rate 7%
$1,465,429
Cap Rate 9%
$1,139,778
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,580 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,659 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2,229
Businesses Nearby
Explore this area
Business Placement
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with on-site laundry, a varied apartment mix, and business/commercial zoning.
Where is this apartment building located?
The property is located at 3334 Blaisdell Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: 12 apartments: 11 one‑bedroom units and one studio; 7,644 square feet; built in 1925; Detached garage with 10 stalls
