Side-by-Side
For Sale
$475,000
3952 Bloomington Avenue, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size2,454 SF
Lot Size0.11 Acres
Price / SF$193.56
Days on Market58
Property Features for 3952 Bloomington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Basement, Bathroom 2, Bathroom 4, Laundry Room, Bathroom 1
Parking features
Garage - Detached
Fencing
Chain Link
Subdivision
Girard Invest Co 11th Add
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
Minneapolis
Directions
From E 42nd St head north on Bloomington 2 blocks, property on left/west side of street.
Standard status
Active
APN
1102824120074
Size
2,454 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8066
Utilities
Heating system
Forced Air
Amenities
fenced outdoor space
Building Details
Year built
1950
Roof type
Shingle
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Caleb Carlson
(612) 600-6000
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 16 at 12:06PM
MLS# 7130897
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 2,454-square-foot duplex, built in 1950, contains two side-by-side residences. Each unit has two bedrooms, two full bathrooms, an updated kitchen, and finished lower-level space. Separate entrances provide independent access to each home. Forced-air heat serves the building, and parking is provided by a detached garage.
The property occupies a 0.11-acre lot with a chain-link-fenced outdoor area. It previously operated as furnished short-term rentals. The two-unit layout and separate entrances are key elements of the property’s configuration.
The property occupies a 0.11-acre lot with a chain-link-fenced outdoor area. It previously operated as furnished short-term rentals. The two-unit layout and separate entrances are key elements of the property’s configuration.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 2 full bathrooms
- 2,454 square feet; built in 1950
- Finished lower‑level areas and updated kitchens in both residences
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
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, two full bathrooms, and a finished lower level.
Where is this duplex located?
The property is located at 3952 Bloomington Avenue 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: Two side‑by‑side units, each with 2 bedrooms and 2 full bathrooms; 2,454 square feet; built in 1950; Finished lower‑level areas and updated kitchens in both residences
