Duplex with Detached
For Sale
$524,950
3917 Garfield Avenue, Minneapolis, MN 55409
Residential Income, Minneapolis, MN
Property Size2,270 SF
Lot Size0.12 Acres
Price / SF$231.26
Days on Market217
Property Features for 3917 Garfield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 3, Laundry Room, Bedroom 1, Basement, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Garage - Detached
Patio and Porch features
Deck
Subdivision
Van Nests Add
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
Minneapolis
Directions
35W, W onto W 38th St, S onto Garfield Ave
Standard status
Active
APN
1002824220199
Size
2,270 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9976
Utilities
Heating system
Forced Air
Amenities
private entrance
full kitchen with stainless appliances
open floor plan
dedicated living and dining rooms
full updated bathroom with tile
fenced backyard
stone fire pit
rock and concrete patio
landscaping
climbing vines
three season porch
deck and stairs
Building Details
Year built
1905
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(763) 755-1100
Listed By:
Cory Rudnitski · License #496501399
(952) 226-7700
Added: Mar 2
Changed: Oct 2
Last Checked: Oct 5 at 8:06PM
MLS# 7029062
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 2,270-square-foot duplex, built in 1905, contains two updated units. Each has a private entrance, two bedrooms, a full bathroom, a complete kitchen with stainless appliances, and separate living and dining areas. A three-season porch serves the main-floor unit; the upper unit has a deck and stairs. The property also includes a detached two-stall garage with storage and a fenced backyard with a stone fire pit, patio and landscaping.
The 0.12-acre property is at 3917 Garfield Avenue in Minneapolis. Its outdoor features include both a rock and concrete patio, along with climbing vines.
The 0.12-acre property is at 3917 Garfield Avenue in Minneapolis. Its outdoor features include both a rock and concrete patio, along with climbing vines.
Key Highlights
- Two updated units, each with 2 bedrooms and a full bathroom
- 2,270 square feet on a 0.12‑acre lot
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,166
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,320
$663.3K
Cap Rate 7%
$473,800
$473.8K
Cap Rate 9%
$368,511
$368.5K
Market Conditions
NOI Build-Up for 2,270 SF
Gross rent
$50.4K $22.20/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$47.4K $20.87/SF
− OpEx
−$14.2K −$6.26/SF
NOI
$33.2K $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%
$663,320
Cap Rate 7%
$473,800
Cap Rate 9%
$368,511
Alternative Uses
Best Use
Multifamily LT 5
$473.8K
$414.6K – $552.8K
NOI $33,166 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$435.2K
$380.8K – $507.7K
NOI $30,463 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$541.6K
$473.9K – $631.8K
NOI $37,910 @ 7.0% cap · market cap 7.22%
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
970
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
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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 - Updated two-unit layout features separate entrances, full kitchens and distinct outdoor areas.
Where is this duplex located?
The property is located at 3917 Garfield Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $524,950.
What are key features of this property?
This property features: Two updated units, each with 2 bedrooms and a full bathroom; 2,270 square feet on a 0.12‑acre lot; Built in 1905
