Well-Kept Duplex with Additional Basement
3847 Cedar Avenue S Minneapolis, MN 55407
For Sale
$425,000
MULTI_FAMILY - Minneapolis, MN
Property Size2,646 SF
Lot Size0.11 Acres
Price / SF$160.62
Days on Market113
Property Features for 3847 Cedar Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Basement, Bedroom 1, Bathroom 2
- Parking features
- Garage - Detached
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 1202824220105
- Size
- 2,646 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5035
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1927
Listing Agency:
Keller Williams Classic Realty
(763) 746-4900
Listed By:
Julia Wang
(763) 746-4900
Added: Apr 2
Changed: Jul 22
Last Checked: Jul 23 at 5:06PM
MLS# 7048325
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 well-kept duplex features two separate 2-bedroom, 1-bath units. In addition to the main living areas, the basement includes three extra rooms and a 3/4 bath, creating practical flexibility for additional use inside the home or other tenant-supporting space.
The property is located at 3847 Cedar Avenue S in Minneapolis, MN, within Hennepin County. The public remarks note proximity to parks, shopping, and highways, which can be a convenient factor for day-to-day access.
The layout lends itself to multiple buyer strategies. An owner-occupant can use one unit as their residence while renting the other, and investors can consider it as a residential income property with two full units already in place. The basement’s added rooms and bath may also be helpful for buyers looking for more adaptable interior space within the existing structure. Lot size is listed as 0.11 acres, and the total property size is 2,646 square feet.
The property is located at 3847 Cedar Avenue S in Minneapolis, MN, within Hennepin County. The public remarks note proximity to parks, shopping, and highways, which can be a convenient factor for day-to-day access.
The layout lends itself to multiple buyer strategies. An owner-occupant can use one unit as their residence while renting the other, and investors can consider it as a residential income property with two full units already in place. The basement’s added rooms and bath may also be helpful for buyers looking for more adaptable interior space within the existing structure. Lot size is listed as 0.11 acres, and the total property size is 2,646 square feet.
Key Highlights
- Well‑kept duplex with two 2‑bed/1‑bath units
- Basement includes 3 additional rooms plus a 3/4 bath
- Built in 1927
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.7k | $22.20 |
| − Vacancy | −$3.5k | −$1.33 |
| EGI | $55.2k | $20.87 |
| − OpEx | −$16.6k | −$6.26 |
| NOI | $38.7k | $14.61 |
2,646 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.3K
$483.3K – $644.3K
NOI $38,660 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$507.3K
$443.9K – $591.8K
NOI $35,509 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,190 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bed, 1-bath units plus a basement with extra rooms and a 3/4 bath for flexible living or income use.
Where is this duplex located?
The property is located at 3847 Cedar Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Well‑kept duplex with two 2‑bed/1‑bath units; Basement includes 3 additional rooms plus a 3/4 bath; Built in 1927
