Updated Side-by-Side
For Sale
$475,000
3952 Bloomington Ave, Minneapolis, MN 55407
Two residences feature refreshed kitchens, modern finishes, and finished lower-level areas.
Property Size2,454 SF
Price / SF$193.56
Days on Market60
Property Features for 3952 Bloomington Ave
General Information
Standard status
Active
Size
2,454 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Powderhorn
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,066
Building Details
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Caleb Carlson
(701) 520-8569
Source:
Exprealty
Added: Aug 25
Changed: Oct 10
Last Checked: Oct 20 at 9:56PM
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 Real Broker, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex at 3952 Bloomington Ave in Minneapolis, MN, contains two separate residences, each with two bedrooms and two full bathrooms. Both units include updated kitchens, modern finishes, comfortable living areas, and completed lower-level space. Separate entrances support independent occupancy, while the fenced outdoor area adds private exterior space.
The property was previously operated as furnished short-term rentals. Its existing configuration also supports a transition to long-term rental use or an owner-occupant arrangement with one residence occupied and the other producing income.
The property was previously operated as furnished short-term rentals. Its existing configuration also supports a transition to long-term rental use or an owner-occupant arrangement with one residence occupied and the other producing income.
Key Highlights
- Side‑by‑side duplex with two bedrooms and two full bathrooms in each unit
- Updated kitchens and modern finishes throughout both residences
- Finished lower‑level areas provide additional usable space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,855
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,100
$717.1K
Cap Rate 7%
$512,214
$512.2K
Cap Rate 9%
$398,389
$398.4K
Market Conditions
NOI Build-Up for 2,454 SF
Gross rent
$54.5K $22.20/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$51.2K $20.87/SF
− OpEx
−$15.4K −$6.26/SF
NOI
$35.9K $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%
$717,100
Cap Rate 7%
$512,214
Cap Rate 9%
$398,389
Alternative Uses
Best Use
Multifamily LT 5
$512.2K
$448.2K – $597.6K
NOI $35,855 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$470.5K
$411.7K – $548.9K
NOI $32,932 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$585.5K
$512.3K – $683.1K
NOI $40,983 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature refreshed kitchens, modern finishes, and finished lower-level areas.
Where is this duplex located?
The property is located at 3952 Bloomington Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two bedrooms and two full bathrooms in each unit; Updated kitchens and modern finishes throughout both residences; Finished lower‑level areas provide additional usable space
