Updated Duplex with Detached
For Sale
$615,000
3813 Brunswick Avenue S, Saint Louis Park, MN 55416
Residential Income, Saint Louis Park, MN
Property Size3,018 SF
Lot Size0.13 Acres
Price / SF$203.78
Days on Market9
Property Features for 3813 Brunswick Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Basement, Laundry Room, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2
Parking features
Assigned, Driveway, Garage - Detached
Patio and Porch features
Porch
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
St. Louis Park
Directions
HWY 100 TO EXCELSIOR WEST TO BRUNSWICK NORTH TO PROPERTY
Standard status
Active
APN
2111721220068
Size
3,018 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8153
Utilities
Heating system
Forced Air
Amenities
fenced yard
remodeled garage
Building Details
Year built
2003
Building materials
Frame
Roof type
Shingle
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Adrian Clercx
(612) 600-6000
Added: Sep 18
Changed: Sep 25
Last Checked: Sep 26 at 12:06PM
MLS# 7145043
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 frame duplex, built in 2003, contains 3,018 square feet across two residential units. Each unit includes 3 bedrooms and 1 bathroom, creating a total of six bedrooms and two bathrooms. Recent work includes renovated kitchens and bathrooms, new cabinetry, appliances, flooring, and doors, along with newer windows, a replacement roof, and updated siding.
The property sits on a 0.13-acre lot with a fenced yard, porch, driveway parking, assigned parking, and a detached garage that has been remodeled for additional storage and convenience. Forced-air heating serves the property. Highway 100 and Highway 7 provide access to the surrounding metro, while parks, trails, shopping, and everyday amenities are located nearby.
The property sits on a 0.13-acre lot with a fenced yard, porch, driveway parking, assigned parking, and a detached garage that has been remodeled for additional storage and convenience. Forced-air heating serves the property. Highway 100 and Highway 7 provide access to the surrounding metro, while parks, trails, shopping, and everyday amenities are located nearby.
Key Highlights
- Two‑unit duplex with 3,018 square feet of finished space
- Each unit has 3 bedrooms and 1 bathroom
- Updated kitchens and bathrooms with new cabinetry, appliances, flooring, and doors
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
$39,111
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
6.36%
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%
$782,220
$782.2K
Cap Rate 7%
$558,729
$558.7K
Cap Rate 9%
$434,567
$434.6K
Market Conditions
NOI Build-Up for 3,018 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
$59.8K $19.80/SF
− Vacancy
−$3.9K −$1.29/SF
EGI
$55.9K $18.51/SF
− OpEx
−$16.8K −$5.55/SF
NOI
$39.1K $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 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%
$782,220
Cap Rate 7%
$558,729
Cap Rate 9%
$434,567
Alternative Uses
Best Use
Multifamily LT 5
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$503.9K
$440.9K – $587.9K
NOI $35,275 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$720.0K
$630.0K – $840.0K
NOI $50,402 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,890
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed units offer flexible living arrangements, fenced outdoor space, and convenient access to major routes.
Where is this duplex located?
The property is located at 3813 Brunswick Avenue S Saint Louis Park, MN.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,018 square feet of finished space; Each unit has 3 bedrooms and 1 bathroom; Updated kitchens and bathrooms with new cabinetry, appliances, flooring, and doors
