Four-Unit Townhome
39208-39214 Grand Ave, North Branch, MN 55056
For Sale
$800,000
Four leased townhomes feature individual garages, private fencing, and off-street parking for residents.
Property Size3,164 SF
Price / SF$252.84
Days on Market56
Property Features for 39208-39214 Grand Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Multifamily Units
Amenities
fenced yards
mature trees
usable yard space
Building Details
Year Built
Listing Agency:
Edina Realty, Inc.
Listed By:
Shelby Peltier
(763) 402-2230
Source:
Tayloronken
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 3:21PM
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 Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
This four-unit townhome property includes four rented residences, each with its own garage and fenced outdoor area. The units have practical layouts, natural light, and usable yard space, while off-street parking supports resident convenience. The property was built in 1982.
Located at 39208-39214 Grand Ave in North Branch, MN 55056, the property combines multiple residential units within one asset. Each residence is supported by an individual garage and private fencing, with mature trees contributing to the established setting. Current leases run for one year, and the units have been rented by their occupants for many years.
Located at 39208-39214 Grand Ave in North Branch, MN 55056, the property combines multiple residential units within one asset. Each residence is supported by an individual garage and private fencing, with mature trees contributing to the established setting. Current leases run for one year, and the units have been rented by their occupants for many years.
Key Highlights
- Four rented townhome units in one property
- Each unit includes its own garage
- Individual fencing provides private outdoor areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,228
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,560
$924.6K
Cap Rate 7%
$660,400
$660.4K
Cap Rate 9%
$513,644
$513.6K
Market Conditions
NOI Build-Up for 3,164 SF
Gross rent
$70.2K $22.20/SF
− Vacancy
−$4.2K −$1.33/SF
EGI
$66.0K $20.87/SF
− OpEx
−$19.8K −$6.26/SF
NOI
$46.2K $14.61/SF
Area
Chisago County, 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%
$924,560
Cap Rate 7%
$660,400
Cap Rate 9%
$513,644
Alternative Uses
Best Use
Multifamily LT 5
$660.4K
$577.9K – $770.5K
NOI $46,228 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$606.6K
$530.8K – $707.7K
NOI $42,460 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$754.9K
$660.5K – $880.7K
NOI $52,841 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 55056, MN
14,245
Population
5,696
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
96%
High-School Grad
99.5 sq mi
ZIP Area
143
Density / Sq Mi
$93,601
Median Household Income
$53,911
Median Earnings
$1,190
Median Rent
$297,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four leased townhomes feature individual garages, private fencing, and off-street parking for residents.
Where is this quadplex located?
The property is located at 39208-39214 Grand Ave North Branch, MN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four rented townhome units in one property; Each unit includes its own garage; Individual fencing provides private outdoor areas
