Spanish Revival
New
For Sale
$625,000
3535 Harriet Avenue, Minneapolis, MN 55408
Residential Income, Minneapolis, MN
Property Size2,782 SF
Lot Size0.13 Acres
Price / SF$224.66
Days on Market2
Property Features for 3535 Harriet Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Parking features
Garage - Detached, Garage
Fencing
Privacy
Subdivision
Bakers Add
Lot features
Public Transit (w/in 6 blks)
High school district
Minneapolis
Directions
Lyndale Avenue, turn East onto 36th Street, Turn North on Harriet, Home on East side of street.
Standard status
Active
APN
0302824320197
Size
2,782 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11265
Utilities
Heating system
Hot Water(Heating), Oil
Building Details
Year built
1927
Roof type
Shingle
Listing Agency:
LaBelle Real Estate Group Inc
Listed By:
Crush Real Estate Group - Jennifer A. Tillges
(651) 705-0166
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 10:06PM
MLS# 7163299
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.
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Investment Insights
Based on property information with market context.
This 2,782-square-foot duplex, built in 1927, has Spanish Revival detailing, original hardwood floors, birch woodwork, and 9.5-foot ceilings. Wood-burning fireplaces feature arched limestone surrounds. The upper level was remodeled in 2019, including a kitchen with granite countertops and a farmhouse sink and an updated bathroom. Both units have built-in linen hutches, and updated gas ranges add to the interior features. The roof is less than three years old.
The 0.13-acre property includes a privacy-fenced backyard with a stamped concrete patio, pergola, and established landscaping. Parking includes a three-car garage and additional off-street spaces. Nearby destinations include Lake Harriet, Bde Maka Ska, Lyndale Farmstead Park, and neighborhood dining and coffee shops.
The 0.13-acre property includes a privacy-fenced backyard with a stamped concrete patio, pergola, and established landscaping. Parking includes a three-car garage and additional off-street spaces. Nearby destinations include Lake Harriet, Bde Maka Ska, Lyndale Farmstead Park, and neighborhood dining and coffee shops.
Key Highlights
- 2,782‑square‑foot duplex on a 0.13‑acre lot
- Upper level remodeled in 2019, with an updated kitchen and bathroom
- Original hardwood floors, birch woodwork, 9.5‑foot ceilings, and wood‑burning fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,647
Cap Rate
6.50%
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 6.50%
Second Best
Apartment 5plus
$533.3K
$466.7K – $622.2K
NOI $37,334 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$663.7K
$580.8K – $774.4K
NOI $46,461 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units pair period interiors with a 2019 upper-level remodel.
Where is this duplex located?
The property is located at 3535 Harriet Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,782‑square‑foot duplex on a 0.13‑acre lot; Upper level remodeled in 2019, with an updated kitchen and bathroom; Original hardwood floors, birch woodwork, 9.5‑foot ceilings, and wood‑burning fireplaces
