Duplex with Three Off-Street
3504 Cedar Avenue S Minneapolis, MN 55407
For Sale
$299,000
MULTI_FAMILY - Minneapolis, MN
Property Size1,486 SF
Lot Size0.13 Acres
Price / SF$201.21
Days on Market63
Property Features for 3504 Cedar Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bathroom 1, Bedroom 3
- 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 Agency:
National Realty Guild
(651) 330-8001
Listed By:
Michelle Fussy Peterson
(651) 494-4000
Added: May 22
Changed: Jul 23
Last Checked: Jul 23 at 6:06PM
MLS# 7076832
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 duplex features a main-level 1-bedroom apartment and an upper-level 2-bedroom unit. Each unit includes its own laundry, supporting everyday convenience and reducing shared use. The property includes three off-street parking spaces, providing dedicated parking options for residents.
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.
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.
Key Highlights
- Duplex built in 1914 with block construction and stucco exterior
- Main level offers a 1‑bedroom unit with its own laundry
- Upper unit features 2 bedrooms and its own laundry
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 |
1,486 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.2K
$271.4K – $361.9K
NOI $21,712 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$284.9K
$249.3K – $332.4K
NOI $19,942 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$354.5K
$310.2K – $413.6K
NOI $24,817 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-level duplex with in-unit laundry and three off-street parking spaces, offering flexible living or rental layouts.
Where is this duplex located?
The property is located at 3504 Cedar Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex built in 1914 with block construction and stucco exterior; Main level offers a 1‑bedroom unit with its own laundry; Upper unit features 2 bedrooms and its own laundry
