Spanish Revival
3535 Harriet Ave, Minneapolis, MN 55408
For Sale
$599,900
Two units combine original architectural details with an updated upper-level kitchen and bath.
Property Size2,782 SF
Price / SF$215.64
Days on Market17
Property Features for 3535 Harriet Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
wood-burning fireplaces
privacy-fenced backyard
stamped concrete patio
pergola
established landscaping
Building Details
Buildings
Construction
Listing Agency:
LaBelle Real Estate Group Inc
(651) 705-0166
Listed By:
Crush Real Estate Group - Jennifer A. Tillges
(651) 442-5662
Source:
Exprealty
Added: Oct 22
Changed: Nov 5
Last Checked: Nov 6 at 10:32AM
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 LaBelle Real Estate Group Inc
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 2,782-square-foot duplex in Minneapolis features Spanish Revival architecture, arched entries, original hardwood floors and birch woodwork, and 9½-foot ceilings. Both units have built-in linen hutches and wood-burning fireplaces with limestone surrounds. The upper level was remodeled in 2019, including a kitchen with granite countertops and a farmhouse sink and an updated bathroom. Gas ranges, a roof less than three years old, a privacy-fenced yard, stamped concrete patio, pergola, established landscaping, and a three-car garage are among the property’s features. Additional off-street parking is available.
The property is at 3535 Harriet Ave in Minneapolis’s Lyndale neighborhood, near Lake Harriet, Bde Maka Ska, Lyndale Farmstead Park, neighborhood restaurants, and coffee shops.
The property is at 3535 Harriet Ave in Minneapolis’s Lyndale neighborhood, near Lake Harriet, Bde Maka Ska, Lyndale Farmstead Park, neighborhood restaurants, and coffee shops.
Key Highlights
- 2,782‑square‑foot duplex with Spanish Revival architecture
- Two units feature original hardwood floors, birch woodwork, and wood‑burning fireplaces
- Upper level remodeled in 2019 with granite kitchen countertops and an updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,647
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,940
$812.9K
Cap Rate 7%
$580,671
$580.7K
Cap Rate 9%
$451,633
$451.6K
Market Conditions
NOI Build-Up for 2,782 SF
Gross rent
$61.8K $22.20/SF
− Vacancy
−$3.7K −$1.33/SF
EGI
$58.1K $20.87/SF
− OpEx
−$17.4K −$6.26/SF
NOI
$40.6K $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%
$812,940
Cap Rate 7%
$580,671
Cap Rate 9%
$451,633
Alternative Uses
Best Use
Multifamily LT 5
$580.7K
$508.1K – $677.5K
NOI $40,647 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$533.3K
$466.7K – $622.2K
NOI $37,334 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$663.7K
$580.8K – $774.4K
NOI $46,461 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,131
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
$387,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two units combine original architectural details with an updated upper-level kitchen and bath.
Where is this duplex located?
The property is located at 3535 Harriet Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,782‑square‑foot duplex with Spanish Revival architecture; Two units feature original hardwood floors, birch woodwork, and wood‑burning fireplaces; Upper level remodeled in 2019 with granite kitchen countertops and an updated bathroom
