Renovated Duplex with Detached
For Sale
$499,000
3714 Bloomington Ave, Minneapolis, MN 55407
Updated duplex with a separate one-bedroom apartment, newer systems, and off-street parking in Powderhorn.
Property Size2,658 SF
Price / SF$187.74
Days on Market48
Property Features for 3714 Bloomington Ave
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Lakes Area Realty
Listed By:
Carrie E Augst
(612) 799-6449
Source:
Bethanynelsongroup
Added: Sep 5
Changed: Oct 8
Last Checked: Oct 7 at 2:38PM
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 Lakes Area Realty
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 2,658-square-foot duplex, built in 1900, includes a separate-entry one-bedroom, one-bath apartment at the rear. Recent improvements include a new roof, new siding, an updated kitchen with stainless steel appliances and quartz countertops, newer windows, new skylights, bedroom carpeting, and a newer furnace. The property also offers substantial storage and a two-car detached garage.
Outdoor features include a deck with a connected gas grill, which remains with the home, along with the televisions. Sewer line work was completed in 2025, and additional off-street parking is available. The property is located on Bloomington Ave in Minneapolis's Powderhorn neighborhood.
Outdoor features include a deck with a connected gas grill, which remains with the home, along with the televisions. Sewer line work was completed in 2025, and additional off-street parking is available. The property is located on Bloomington Ave in Minneapolis's Powderhorn neighborhood.
Key Highlights
- 2,658‑square‑foot duplex built in 1900
- Separate‑entry 1 bed, 1 bath apartment
- New roof, new siding, and updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,835
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,700
$776.7K
Cap Rate 7%
$554,786
$554.8K
Cap Rate 9%
$431,500
$431.5K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$59.0K $22.20/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$55.5K $20.87/SF
− OpEx
−$16.6K −$6.26/SF
NOI
$38.8K $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%
$776,700
Cap Rate 7%
$554,786
Cap Rate 9%
$431,500
Alternative Uses
Best Use
Multifamily LT 5
$554.8K
$485.4K – $647.3K
NOI $38,835 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$509.6K
$445.9K – $594.5K
NOI $35,670 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$634.1K
$554.9K – $739.8K
NOI $44,390 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with a separate one-bedroom apartment, newer systems, and off-street parking in Powderhorn.
Where is this duplex located?
The property is located at 3714 Bloomington Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,658‑square‑foot duplex built in 1900; Separate‑entry 1 bed, 1 bath apartment; New roof, new siding, and updated kitchen
