Duplex with Finished
3852 Standish Avenue, Minneapolis, MN 55407
For Sale
$519,900
Residential Income, Minneapolis, MN
Property Size2,462 SF
Lot Size0.13 Acres
Price / SF$211.17
Days on Market96
Property Features for 3852 Standish Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Fireplace
Subdivision
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
fenced yard
patio
storage shed
hardwood floors
finished basement
gas fireplace
laundry facilities
high-efficiency furnaces
air conditioning
Building Details
Year built
Building materials
Listing Agency:
Wolff & Simon Real Estate
Listed By:
Brian Halik · License MN #40527985
(218) 237-7770
Added: Aug 12
Changed: Oct 29
Last Checked: Nov 15 at 11:06AM
MLS# 7126967
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.
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Investment Insights
Based on property information with market context.
This 2,462-square-foot duplex, built in 1930, has hardwood flooring across the main levels of both units, along with kitchen and dining areas. A finished basement on one side includes two bedrooms, a living area, and a gas fireplace. The unfinished basement section provides laundry facilities, a utility room, and additional storage. Forced-air heating and air conditioning serve the property, which also has a detached garage.
The 0.13-acre property includes a fenced yard, patio, and porch, as well as a storage shed. The finished basement offers additional interior space; the source describes it as a possible nonconforming third unit, rather than a confirmed separate unit.
The 0.13-acre property includes a fenced yard, patio, and porch, as well as a storage shed. The finished basement offers additional interior space; the source describes it as a possible nonconforming third unit, rather than a confirmed separate unit.
Key Highlights
- Duplex with 2,462 square feet of building area
- Finished basement includes two bedrooms, a living area, and a gas fireplace
- Hardwood flooring on the main levels of both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,972
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,440
$719.4K
Cap Rate 7%
$513,886
$513.9K
Cap Rate 9%
$399,689
$399.7K
Market Conditions
NOI Build-Up for 2,462 SF
Gross rent
$54.7K $22.20/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$51.4K $20.87/SF
− OpEx
−$15.4K −$6.26/SF
NOI
$36.0K $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%
$719,440
Cap Rate 7%
$513,886
Cap Rate 9%
$399,689
Alternative Uses
Best Use
Multifamily LT 5
$513.9K
$449.7K – $599.5K
NOI $35,972 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$472.0K
$413.0K – $550.7K
NOI $33,039 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,117 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
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Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Hardwood floors serve both main-level units, while a finished basement adds bedrooms and a separate living area.
Where is this duplex located?
The property is located at 3852 Standish Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Duplex with 2,462 square feet of building area; Finished basement includes two bedrooms, a living area, and a gas fireplace; Hardwood flooring on the main levels of both units
