3917 Garfield Avenue, Minneapolis, MN 55409
MULTI_FAMILY - Minneapolis, MN
- Added:
- Mar 2, 2026
- Days on Market:
- 125
- Last Refresh:
- Jul 5 at 10:06 pm
Property Features for 3917 Garfield Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Basement, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3
- Parking features
- Garage - Detached
- Exterior features
- Brick/Stone
- 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
- Hot Water(Heating)
Building Details
- Year built
- 1905
- Building materials
- Block, Frame
- Roof type
- Shingle
Listing agent Cory Rudnitski License #496501399 (952) 226-7700
Listing office RE/MAX Advantage Plus 11806 Aberdeen St NE 100, Savage, MN (763) 755-1100
Listing date Mar 2, 2026
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.
HighLights
- Duplex built in 1905 with brick/stone exterior and block/frame construction
- Detached 2‑stall garage with ample storage space
- Private entrances for each unit with full kitchens and stainless appliances
- Open floor plan with dedicated living and dining rooms in each unit
- 2nd/upper level includes a newer deck with stairs and a 3‑season porch on the main entrance
- Fenced backyard with stone fire pit, rock and concrete patio, and landscaping with climbing vines
Overview
The property is described as perfectly situated between King Field and East Harriet, placing it within the established Minneapolis residential area referenced by the current remarks.
For owner-occupants, the layout supports living on one level while renting the other, with both units noted as updated. For buyers evaluating alternative configurations, the remarks also reference potential to become a triplex, while still maintaining separate, private entries and a functional garage for practical day-to-day storage.
Local 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 | $50.4k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $47.4k | $20.87 |
| − OpEx | −$14.2k | −$6.26 |
| NOI | $33.2k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2867533
- Latitude
- 44.9318611
