Duplex with Third-Floor
For Sale
$475,000
3740 Bryant Avenue S, Minneapolis, MN 55409
Residential Income, Minneapolis, MN
Property Size1,999 SF
Lot Size0.13 Acres
Price / SF$237.62
Days on Market10
Property Features for 3740 Bryant Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Basement
Parking features
Covered, Garage - Detached, Driveway
Exterior features
Wood
Fencing
Chain Link
Subdivision
Remingtons 2nd Add
Lot features
Tree Coverage - Light
High school district
Minneapolis
Directions
Hennepin South to 36th, East on 36th to Bryant, South on Bryant to Home
Standard status
Active
APN
0402824440165
Size
1,999 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9445
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1911
Roof type
Shingle
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(952) 226-7700
Listed By:
Mark P. Abdel
(952) 226-7700
Added: Aug 14
Changed: Aug 19
Last Checked: Aug 23 at 10:06PM
MLS# 7117472
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 1,999-square-foot duplex sits on a 0.13-acre lot and was built in 1911. The property includes two bathrooms, basement space, wood exterior construction, shingle roofing, and a detached covered garage with driveway parking. A hot-water heating system serves the building, while a newer boiler and updated electrical work are among the reported improvements.
The third floor adds an additional bedroom and bathroom, creating practical flexibility for household, guest, office, or living needs. Conversion to a triplex may be possible subject to city approval and applicable zoning requirements. The property is located at 3740 Bryant Avenue S in Minneapolis, near Uptown restaurants, coffee shops, retail, entertainment, parks, lakes, walking and biking trails, and transportation routes.
The third floor adds an additional bedroom and bathroom, creating practical flexibility for household, guest, office, or living needs. Conversion to a triplex may be possible subject to city approval and applicable zoning requirements. The property is located at 3740 Bryant Avenue S in Minneapolis, near Uptown restaurants, coffee shops, retail, entertainment, parks, lakes, walking and biking trails, and transportation routes.
Key Highlights
- 1,999 square feet on a 0.13‑acre lot
- Two‑unit duplex built in 1911
- Additional third‑floor bedroom and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,207
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,140
$584.1K
Cap Rate 7%
$417,243
$417.2K
Cap Rate 9%
$324,522
$324.5K
Market Conditions
NOI Build-Up for 1,999 SF
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.
Gross rent
$44.4K $22.20/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$41.7K $20.87/SF
− OpEx
−$12.5K −$6.26/SF
NOI
$29.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,140
Cap Rate 7%
$417,243
Cap Rate 9%
$324,522
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.1K – $486.8K
NOI $29,207 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$383.2K
$335.3K – $447.1K
NOI $26,826 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,384 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with additional bedroom and bathroom space, detached garage, and convenient access to Uptown amenities.
Where is this duplex located?
The property is located at 3740 Bryant Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,999 square feet on a 0.13‑acre lot; Two‑unit duplex built in 1911; Additional third‑floor bedroom and bathroom
