2-Unit Side-by-Side
3640 Edward Street NE, Saint Anthony, MN 55418
For Sale
$549,900
One residence is leased through June 2027, while the second is vacant for occupancy or leasing.
Property Size3,400 SF
Price / SF$161.74
Days on Market26
Property Features for 3640 Edward Street NE
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Drew Coleman
Source:
Thinkhl
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 8 at 9:29AM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,400-square-foot duplex, built in 1964, contains two side-by-side residences with separate living spaces. One unit is leased through June 2027; the other is vacant. The configuration allows the next owner to occupy one unit or lease both, subject to their plans for the property.
The property is in St. Anthony Park, with access to Minneapolis and St. Paul. Nearby amenities include shopping, restaurants, parks, and schools, and major roadways are also accessible.
The property is in St. Anthony Park, with access to Minneapolis and St. Paul. Nearby amenities include shopping, restaurants, parks, and schools, and major roadways are also accessible.
Key Highlights
- Two side‑by‑side units with separate living spaces
- 3,400 square feet; built in 1964
- One unit leased through June 2027; the second unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,676
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,520
$993.5K
Cap Rate 7%
$709,657
$709.7K
Cap Rate 9%
$551,956
$552.0K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$75.5K $22.20/SF
− Vacancy
−$4.5K −$1.33/SF
EGI
$71.0K $20.87/SF
− OpEx
−$21.3K −$6.26/SF
NOI
$49.7K $14.61/SF
Area
Hennepin 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%
$993,520
Cap Rate 7%
$709,657
Cap Rate 9%
$551,956
Alternative Uses
Best Use
Multifamily LT 5
$709.7K
$621.0K – $827.9K
NOI $49,676 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$567.7K
$496.8K – $662.3K
NOI $39,740 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$811.2K
$709.8K – $946.4K
NOI $56,782 @ 7.0% cap · market cap 10.33%
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
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Hennepin County, MN
Properties on Market for Duplexes in Hennepin County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased through June 2027, while the second is vacant for occupancy or leasing.
Where is this duplex located?
The property is located at 3640 Edward Street NE Saint Anthony, MN.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two side‑by‑side units with separate living spaces; 3,400 square feet; built in 1964; One unit leased through June 2027; the second unit is vacant
