Duplex with Attached
For Sale
$849,900
3724 Joppa Avenue S, Saint Louis Park, MN 55416
Residential Income, Saint Louis Park, MN
Property Size2,500 SF
Lot Size0.18 Acres
Price / SF$339.96
Days on Market125
Property Features for 3724 Joppa Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Laundry Room, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 8, Basement, Bathroom 1
Parking features
Garage - Attached, Driveway, Open
Patio and Porch features
Deck
Fencing
Chain Link
Subdivision
Bassfords Add To St Louis Park
Lot features
Public Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Medium, Underground Utilities
High school district
St. Louis Park
Directions
From Hwy 100: East on Excelsior Blvd, South on Joppa Ave S, Property on right.
Standard status
Active
APN
0602824430092
Size
2,500 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7835
Utilities
Heating system
Forced Air
Amenities
in-unit washer/dryer
private deck
fenced yard
smart home features
stainless steel appliances
water softeners
Building Details
Year built
1979
Building materials
Block, Frame
Roof type
Metal, Shingle
Listing Agency:
Pro Flat Fee Realty LLC
(612) 998-1919
Listed By:
David B Hitchcock
(763) 257-9245
Added: Jun 10
Changed: Oct 2
Last Checked: Oct 12 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This 2,500-square-foot duplex, built in 1979 on a 0.18-acre lot, contains two four-bedroom, two-bathroom residences. Each side has an open living area, an attached two-car garage, a private deck, a separate basement, and its own laundry. Separate utility metering serves the units. Renovations include updated electrical panels, hot water tanks, bathrooms, kitchens, flooring, lighting, and staircases. Improvements also include a metal roof, Carrier HVAC, smart thermostats, water softeners, and professional landscaping. Each garage has upgraded electrical capacity for an EV charger or sauna.
At 3724 Joppa Avenue S in Saint Louis Park, the property is within walking distance of restaurants, grocery shopping, parks, and retail. It is on a bus line and near Highway 100, 50th & France, downtown, and the Chain of Lakes, including Bde Maka Ska about one mile away. A fenced yard and separate outdoor decks serve the two residences.
At 3724 Joppa Avenue S in Saint Louis Park, the property is within walking distance of restaurants, grocery shopping, parks, and retail. It is on a bus line and near Highway 100, 50th & France, downtown, and the Chain of Lakes, including Bde Maka Ska about one mile away. A fenced yard and separate outdoor decks serve the two residences.
Key Highlights
- Two residences, each with 4 bedrooms and 2 full bathrooms
- 2,500 square feet on a 0.18‑acre lot; built in 1979
- Attached 2‑car garage, private deck, and separate basement for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,398
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,960
$648.0K
Cap Rate 7%
$462,829
$462.8K
Cap Rate 9%
$359,978
$360.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$49.5K $19.80/SF
− Vacancy
−$3.2K −$1.29/SF
EGI
$46.3K $18.51/SF
− OpEx
−$13.9K −$5.55/SF
NOI
$32.4K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,960
Cap Rate 7%
$462,829
Cap Rate 9%
$359,978
Alternative Uses
Best Use
Multifamily LT 5
$462.8K
$405.0K – $540.0K
NOI $32,398 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$417.4K
$365.3K – $487.0K
NOI $29,221 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$596.4K
$521.9K – $695.9K
NOI $41,751 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a private deck, separate basement, and independently 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 $849,900.
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; built in 1979; Attached 2‑car garage, private deck, and separate basement for each side
