Duplex with Finished
New
For Sale
$499,900
3832 3rd Street NE, Columbia Heights, MN 55421
Each residence includes a finished basement with egress windows, adding usable living space to the two-unit property.
Property Size3,264 SF
Price / SF$153.16
Days on Market4
Property Features for 3832 3rd Street NE
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1963
Year Renovated
2024
Buildings
1
Listing Agency:
Dane Arthur Real Estate Agency
Listed By:
Eric Eickhof
(952) 472-6200
Source:
Fultonrealty
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 16 at 7:59AM
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 Dane Arthur Real Estate Agency
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 3,264-square-foot duplex contains two units, each with a finished basement and egress windows. Both residences received extensive renovations in 2024, and the roof was replaced around June of that year.
Built in 1963, the property is in Columbia Heights, Minnesota, at 3832 3rd Street NE.
Built in 1963, the property is in Columbia Heights, Minnesota, at 3832 3rd Street NE.
Key Highlights
- Two‑unit duplex with 3,264 square feet of building area
- Both units renovated in 2024
- Finished basement with egress windows in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,426
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,520
$808.5K
Cap Rate 7%
$577,514
$577.5K
Cap Rate 9%
$449,178
$449.2K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$61.9K $18.96/SF
− Vacancy
−$4.1K −$1.27/SF
EGI
$57.8K $17.69/SF
− OpEx
−$17.3K −$5.31/SF
NOI
$40.4K $12.39/SF
Area
Anoka County, MN
Vacancy
6.68%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,520
Cap Rate 7%
$577,514
Cap Rate 9%
$449,178
Alternative Uses
Best Use
Multifamily LT 5
$577.5K
$505.3K – $673.8K
NOI $40,426 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$532.2K
$465.7K – $620.9K
NOI $37,252 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$906.6K
$793.3K – $1.06M
NOI $63,465 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 55421, MN
30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a finished basement with egress windows, adding usable living space to the two-unit property.
Where is this duplex located?
The property is located at 3832 3rd Street NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex with 3,264 square feet of building area; Both units renovated in 2024; Finished basement with egress windows in each unit
