Up-and-Down Duplex
3732 3rd Street NE Columbia Heights, MN 55421
3732 3rd Street NE, Columbia Heights, MN, 55421
$329,000
For Sale
$329,000
MULTI_FAMILY - Columbia Heights, MN
Property Size1,407 SF
Lot Size0.14 Acres
Price / SF$233.83
Days on Market401
Property Features for 3732 3rd Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Basement, Bedroom 3
- Parking features
- Garage - Detached
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 353024330101
- Size
- 1,407 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8825
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1958
- Roof type
- Shingle
Listing Agency
RES Realty
(952) 898-5760
12280 Nicollet Ave., Suite 103, Burnsville, MN
Listed by
Hyder Jaweed
(952) 898-5760
Added: Jun 13, 2025 Checked: Jul 18 at 8:06 am
MLS# 7108812
Listing URL
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 well-maintained up-and-down duplex offers two separate residential units with private entrances for each level. The upper unit features two bedrooms and one bathroom, while the lower unit has one bedroom and one bathroom. The property also includes a 2-car garage, off-street parking, and a spacious yard.
Located in Columbia Heights, MN, the home is described as convenient to parks, schools, shopping, restaurants, and public transportation. Access to downtown Minneapolis and major highways is also noted in the public remarks.
With an up-and-down layout and separate entry points for each unit, the property is set up for flexible living and leasing arrangements within a single duplex building.
Located in Columbia Heights, MN, the home is described as convenient to parks, schools, shopping, restaurants, and public transportation. Access to downtown Minneapolis and major highways is also noted in the public remarks.
With an up-and-down layout and separate entry points for each unit, the property is set up for flexible living and leasing arrangements within a single duplex building.
Key Highlights
- Up‑and‑down duplex built in 1958 with 2‑bedroom/1‑bath upper unit and 1‑bedroom/1‑bath lower unit
- Each unit has a private entrance for added privacy and convenience
- Detached 2‑car garage plus off‑street parking
Local 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 | $26.7k | $18.96 |
| − Vacancy | −$1.8k | −$1.27 |
| EGI | $24.9k | $17.69 |
| − OpEx | −$7.5k | −$5.31 |
| NOI | $17.4k | $12.39 |
1,407 SF · lease $18.96/SF/yr · vacancy 6.68% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.9K
$217.8K – $290.4K
NOI $17,426 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$229.4K
$200.7K – $267.6K
NOI $16,058 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$390.8K
$342.0K – $456.0K
NOI $27,357 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with separate entrances, consisting of two bedrooms and one bath above, and one bedroom and one bath below.
Where is this duplex located?
The property is located at 3732 3rd Street NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Up‑and‑down duplex built in 1958 with 2‑bedroom/1‑bath upper unit and 1‑bedroom/1‑bath lower unit; Each unit has a private entrance for added privacy and convenience; Detached 2‑car garage plus off‑street parking
