Up-and-Down Duplex with Original
For Sale
$517,000
3827 Blaisdell Avenue, Minneapolis, MN 55409
Residential Income, Minneapolis, MN
Property Size2,512 SF
Lot Size0.18 Acres
Price / SF$205.81
Days on Market121
Property Features for 3827 Blaisdell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bedroom 2
Parking features
Garage - Detached, Other
Patio and Porch features
Patio
Subdivision
Hinkleys Add
High school district
Minneapolis
Directions
From Lyndale head south to 38th St, east to Blaisdell and south to property on the left.
Standard status
Active
APN
1002824210023
Size
2,512 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10202
Utilities
Heating system
Oil
Building Details
Year built
1916
Listing Agency:
Keller Williams Realty Integrity Lakes
Listed By:
Jodine M Williams
(612) 821-7400
Added: Jun 11
Changed: Oct 8
Last Checked: Oct 9 at 12:06PM
MLS# 7086461
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 1916 duplex contains two residences arranged on separate levels, with 2,512 square feet in total. Each unit includes a living room, dining room, kitchen, sunroom, two bedrooms, and a full bathroom. Built-in features and hardwood floors contribute to the property's period character. A detached garage provides two parking spaces, with additional off-street parking at the rear.
The property occupies a 0.18-acre lot in Minneapolis. A patio is also part of the property.
The property occupies a 0.18-acre lot in Minneapolis. A patio is also part of the property.
Key Highlights
- Two units, each with two bedrooms and a full bathroom
- 2,512 square feet in a 1916 duplex
- 0.18‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,702
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,040
$734.0K
Cap Rate 7%
$524,314
$524.3K
Cap Rate 9%
$407,800
$407.8K
Market Conditions
NOI Build-Up for 2,512 SF
Gross rent
$55.8K $22.20/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$52.4K $20.87/SF
− OpEx
−$15.7K −$6.26/SF
NOI
$36.7K $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 Rate 5%
$734,040
Cap Rate 7%
$524,314
Cap Rate 9%
$407,800
Alternative Uses
Best Use
Multifamily LT 5
$524.3K
$458.8K – $611.7K
NOI $36,702 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$481.6K
$421.4K – $561.8K
NOI $33,710 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$599.3K
$524.4K – $699.2K
NOI $41,952 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
982
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
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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 - Two separate residences each offer two bedrooms, a sunroom, and living and dining rooms.
Where is this duplex located?
The property is located at 3827 Blaisdell Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $517,000.
What are key features of this property?
This property features: Two units, each with two bedrooms and a full bathroom; 2,512 square feet in a 1916 duplex; 0.18‑acre lot
