3504 Cedar Avenue S, Minneapolis, MN 55407
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 22, 2026
- Days on Market:
- 46
- Last Refresh:
- Jul 6 at 11:06 am
Property Features for 3504 Cedar Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Basement, Bathroom 2, Bedroom 3, Bedroom 1
- Parking features
- Driveway
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 0202824410200
- Size
- 1,486 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4478
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1914
- Building materials
- Block
- Roof type
- Shingle
Listing agent Michelle Fussy Peterson (651) 494-4000
Listing office National Realty Guild 5200 Willson Road, Suite 150, Minneapolis, MN (651) 330-8001
Listing date May 22, 2026
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.
HighLights
- Duplex built in 1914 with stucco exterior and block construction
- Layout includes a main‑level 1‑BR unit and an upper 2‑BR unit
- Each unit has its own laundry
- 3 off‑street parking spaces plus driveway parking
- Forced‑air heating and shingle roof
- Includes basement and 2 bathrooms (Bathroom 1 and Bathroom 2 listed in rooms)
Overview
Located at 3504 Cedar Avenue S in Minneapolis, near Matt's Bar and other local conveniences, the home sits on a small lot (0.13 acres) with a total building size of 1,486 square feet. The two separate unit configurations make it straightforward to balance resident and roommate needs across the main and upper levels.
For tenants, the layout provides a clear split between a 1-bedroom living space and a larger 2-bedroom apartment, each with independent laundry. For owner-occupants, the property can support living in one unit while renting the other. For investors, the duplex format offers two separate units within a single property, with the practical benefit of dedicated off-street parking for residents.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.0k | $22.20 |
| − Vacancy | −$2.0k | −$1.33 |
| EGI | $31.0k | $20.87 |
| − OpEx | −$9.3k | −$6.26 |
| NOI | $21.7k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.247764
- Latitude
- 44.939269
