Renovated 2-Unit Duplex with
3724 Joppa Avenue S, Saint Louis Park, MN 55416
For Sale
$799,900
Under Contract
Residential Income, Saint Louis Park, MN
Property Size2,500 SF
Lot Size0.18 Acres
Price / SF$319.96
Days on Market158
Property Features for 3724 Joppa Avenue S
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Fencing
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
Pro Flat Fee Realty LLC
Listed By:
David B Hitchcock
(612) 998-1919
Added: Jun 10
Changed: Nov 2
Last Checked: Nov 14 at 12:06AM
MLS# 7089360
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 2,500-square-foot duplex, built in 1979, contains two residences with four bedrooms and two full bathrooms apiece. Each side has an open living area, a private deck, a separate basement, in-unit laundry, and an attached two-car garage. Utilities are separately metered, and the garage electrical supports an EV charger or sauna.
Renovation work includes remodeled bathrooms, new electrical panels and hot water tanks, Carrier high-efficiency HVAC, and an Edco Arrowline metal roof. Interior updates include white quartz counters, stainless steel appliances, subway tile backsplashes, recessed LED lighting, and waterproof LVP flooring. Smart-home features include Ecobee thermostats, electric shades, and dimmable switches. The property also has a fenced yard and professional landscaping.
The duplex is on a bus line and within walking distance of restaurants, shopping, groceries, and parks. Highway 100, downtown, and 50th & France are described as minutes away; Bde Maka Ska and the Chain of Lakes are one mile from the property.
Renovation work includes remodeled bathrooms, new electrical panels and hot water tanks, Carrier high-efficiency HVAC, and an Edco Arrowline metal roof. Interior updates include white quartz counters, stainless steel appliances, subway tile backsplashes, recessed LED lighting, and waterproof LVP flooring. Smart-home features include Ecobee thermostats, electric shades, and dimmable switches. The property also has a fenced yard and professional landscaping.
The duplex is on a bus line and within walking distance of restaurants, shopping, groceries, and parks. Highway 100, downtown, and 50th & France are described as minutes away; Bde Maka Ska and the Chain of Lakes are one mile from the property.
Key Highlights
- Two residences, each with 4 bedrooms and 2 full bathrooms
- 2,500 square feet on a 0.18‑acre lot
- Attached 2‑car garage for each residence; garage electrical supports an EV charger or sauna
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,527
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,540
$730.5K
Cap Rate 7%
$521,814
$521.8K
Cap Rate 9%
$405,856
$405.9K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$55.5K $22.20/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$52.2K $20.87/SF
− OpEx
−$15.7K −$6.26/SF
NOI
$36.5K $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%
$730,540
Cap Rate 7%
$521,814
Cap Rate 9%
$405,856
Alternative Uses
Best Use
Multifamily LT 5
$521.8K
$456.6K – $608.8K
NOI $36,527 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$417.4K
$365.3K – $487.0K
NOI $29,221 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$596.4K
$521.9K – $695.9K
NOI $41,751 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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
$457,300
Median Home Value
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Market
Average Price Trend$/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 - Both residences offer four bedrooms, private decks, separate basements, and individually metered utilities.
Where is this duplex located?
The property is located at 3724 Joppa Avenue S Saint Louis Park, MN.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 2 full bathrooms; 2,500 square feet on a 0.18‑acre lot; Attached 2‑car garage for each residence; garage electrical supports an EV charger or sauna
