Updated Multifamily
For Sale
$455,000
3740 Bryant Ave S, Minneapolis, MN 55409
Residential income property with refreshed electrical systems, a newer boiler, and flexible third-floor space.
Property Size1,999 SF
Price / SF$227.61
Days on Market62
Property Features for 3740 Bryant Ave S
General Information
Standard status
Active
Size
1,999 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Southwest
Building Details
Year Built
1911
Listing Agency:
RE/MAX Advantage Plus
Listed By:
Mark P. Abdel
(651) 283-8251
Source:
Chrisfritchteam
Added: Aug 24
Changed: Oct 6
Last Checked: Oct 7 at 3:27PM
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 RE/MAX Advantage Plus
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 multifamily property combines residential living areas with income-producing potential. The building includes an additional bedroom and bathroom on the third floor, creating flexible space for a home office, guest accommodations, or expanded living use. Updates include electrical improvements and a newer boiler.
Located near Uptown, the property offers access to restaurants, coffee shops, shopping, entertainment, parks, lakes, walking and biking trails, and transportation routes. Its Minneapolis setting places neighborhood amenities and broader city access within reach.
The existing configuration supports owner occupancy alongside rental income from other units. Conversion to a triplex may also be possible, subject to city approval and applicable zoning requirements.
Located near Uptown, the property offers access to restaurants, coffee shops, shopping, entertainment, parks, lakes, walking and biking trails, and transportation routes. Its Minneapolis setting places neighborhood amenities and broader city access within reach.
The existing configuration supports owner occupancy alongside rental income from other units. Conversion to a triplex may also be possible, subject to city approval and applicable zoning requirements.
Key Highlights
- Additional third‑floor bedroom and bathroom
- Newer boiler and updated electrical systems
- Owner‑occupant configuration with rental income from other units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,826
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,520
$536.5K
Cap Rate 7%
$383,229
$383.2K
Cap Rate 9%
$298,067
$298.1K
Market Conditions
NOI Build-Up for 1,999 SF
Gross rent
$52.1K $26.04/SF
− Vacancy
−$3.3K −$1.64/SF
EGI
$48.8K $24.40/SF
− OpEx
−$21.9K −$10.98/SF
NOI
$26.8K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,520
Cap Rate 7%
$383,229
Cap Rate 9%
$298,067
Alternative Uses
Best Use
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,826 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,384 @ 7.0% cap · market cap 7.34%
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
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 55409, MN
11,843
Population
5,488
Households
2.2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
9,110
Density / Sq Mi
$98,056
Median Household Income
$59,430
Median Earnings
$1,364
Median Rent
$365,500
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?
Multifamily property - Residential income property with refreshed electrical systems, a newer boiler, and flexible third-floor space.
Where is this multifamily property located?
The property is located at 3740 Bryant Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Additional third‑floor bedroom and bathroom; Newer boiler and updated electrical systems; Owner‑occupant configuration with rental income from other units
