Brick Side-by-Side Duplex with
New
For Sale
$550,000
3707-3709 Joppa Avenue S, Saint Louis Park, MN 55416
MULTI_FAMILY - Saint Louis Park, MN
Property Size2,400 SF
Lot Size0.16 Acres
Price / SF$229.17
Days on Market3
Property Features for 3707-3709 Joppa Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family, Residential-Single Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Basement, Bathroom 1, Bedroom 2
Parking features
Garage - Detached, Driveway, Open
Exterior features
Brick/Stone
Subdivision
Minikahda Terrace 2nd Add
Lot features
Public Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Light
High school district
St. Louis Park
Directions
Excelsior Blvd to Joppa Ave South to home.
Standard status
Active
APN
0602824440138
Size
2,400 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10547
Utilities
Heating system
Forced Air
Amenities
private entrances
full basements
oak hardwood floors
updated kitchens
detached double garage
Building Details
Year built
1947
Roof type
Shingle
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(952) 226-7700
Listed By:
Mark P. Abdel
(952) 226-7700
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 5:06PM
MLS# 7117146
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 fully rented side-by-side duplex is housed in a full-brick Georgian Colonial style building. The property offers two spacious two-story units, each with its own private entrance and a full basement. Interior features include oak hardwood floors and updated kitchens, with finishes throughout designed to provide comfortable, livable space.
The duplex is located at 3707-3709 Joppa Avenue S in Saint Louis Park, MN 55416. It is described as being moments from Bde Maka Ska, parks, restaurants, shopping, and walking and biking trails. Commuting access is highlighted with proximity to Highway 100, I-394, Highway 7, and downtown Minneapolis.
A newer detached double garage measuring 20' x 22' adds parking and storage convenience to the property, complementing the classic brick exterior built for low-maintenance ownership.
The duplex is located at 3707-3709 Joppa Avenue S in Saint Louis Park, MN 55416. It is described as being moments from Bde Maka Ska, parks, restaurants, shopping, and walking and biking trails. Commuting access is highlighted with proximity to Highway 100, I-394, Highway 7, and downtown Minneapolis.
A newer detached double garage measuring 20' x 22' adds parking and storage convenience to the property, complementing the classic brick exterior built for low-maintenance ownership.
Key Highlights
- Side‑by‑side duplex with two spacious two‑story units, each with private entrances and its own full basement
- Fully brick Georgian Colonial exterior; roof is shingle
- Year built: 1947
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 | $47.5k | $19.80 |
| − Vacancy | −$3.1k | −$1.29 |
| EGI | $44.4k | $18.51 |
| − OpEx | −$13.3k | −$5.55 |
| NOI | $31.1k | $12.96 |
2,400 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$444.3K
$388.8K – $518.4K
NOI $31,102 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$400.7K
$350.7K – $467.5K
NOI $28,052 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,081 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 55416, MN
34,129
Population
19,197
Households
1.8
Avg Household Size
36
Median Age
73%
College-Educated
98%
High-School Grad
7.3 sq mi
ZIP Area
4,675
Density / Sq Mi
$105,926
Median Household Income
$70,993
Median Earnings
$1,701
Median Rent
$457,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented side-by-side duplex with two two-story units, private entrances, full basements, and a detached double garage.
Where is this duplex located?
The property is located at 3707-3709 Joppa Avenue S Saint Louis Park, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two spacious two‑story units, each with private entrances and its own full basement; Fully brick Georgian Colonial exterior; roof is shingle; Year built: 1947
