Renovated Side-by-Side
New
For Sale
$499,900
3389 Donald Avenue, Eagan, MN 55121
One residence is vacant, while the other can provide rental income.
Property Size2,252 SF
Price / SF$221.98
Days on Market2
Property Features for 3389 Donald Avenue
General Information
Standard status
Active
Size
2,252 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
1974
Buildings
1
Listing Agency:
Exit Realty Nexus
Listed By:
Ashley Cavalier · License #NST502039326
(612) 267-4456
Source:
Thehomgroup
Added: Oct 19
Last Checked: Oct 19 at 2:17PM
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 Exit Realty Nexus
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,252 square feet and was built in 1974. Both residences have three bedrooms, two bathrooms, and an attached one-car garage. One side has been renovated throughout; the other has received new flooring, fresh paint, and a new stove. One residence is vacant and available for occupancy.
Property improvements also include a new driveway and front steps, along with updated siding and a roof. The duplex is at 3389 Donald Avenue in Eagan, near shopping, restaurants, parks, and everyday services.
Property improvements also include a new driveway and front steps, along with updated siding and a roof. The duplex is at 3389 Donald Avenue in Eagan, near shopping, restaurants, parks, and everyday services.
Key Highlights
- Two side‑by‑side residences, each with 3 bedrooms, 2 bathrooms, and an attached one‑car garage
- 2,252 square feet; built in 1974
- One residence renovated throughout; the other has new flooring, fresh paint, and a new stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,903
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,060
$658.1K
Cap Rate 7%
$470,043
$470.0K
Cap Rate 9%
$365,589
$365.6K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$50.0K $22.20/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$47.0K $20.87/SF
− OpEx
−$14.1K −$6.26/SF
NOI
$32.9K $14.61/SF
Area
Dakota County, 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%
$658,060
Cap Rate 7%
$470,043
Cap Rate 9%
$365,589
Alternative Uses
Best Use
Multifamily LT 5
$470.0K
$411.3K – $548.4K
NOI $32,903 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$431.7K
$377.8K – $503.7K
NOI $30,221 @ 7.0% cap · market cap 6.05%
Theoretical Best
Healthcare Medical
$554.2K
$484.9K – $646.6K
NOI $38,793 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 55121, MN
9,468
Population
4,296
Households
2.2
Avg Household Size
36
Median Age
42%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
986
Density / Sq Mi
$86,929
Median Household Income
$51,450
Median Earnings
$1,630
Median Rent
$299,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, while the other can provide rental income.
Where is this duplex located?
The property is located at 3389 Donald Avenue Eagan, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 3 bedrooms, 2 bathrooms, and an attached one‑car garage; 2,252 square feet; built in 1974; One residence renovated throughout; the other has new flooring, fresh paint, and a new stove
