Updated Side-by-Side
New
For Sale
$495,000
3952 Bloomington Avenue, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size2,454 SF
Lot Size0.11 Acres
Price / SF$201.71
Days on Market7
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
Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 3, Bedroom 4
Parking features
Garage - Detached
Exterior features
Brick/Stone, Vinyl
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: Aug 26
Last Checked: Aug 26 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This 2,454-square-foot duplex contains two adjoining residences, each with two bedrooms, two full bathrooms, an updated kitchen, and finished lower-level space. Modern interior finishes, separate entrances, forced-air heating, and a detached garage support practical day-to-day use. Exterior materials include brick/stone and vinyl, with a shingle roof and chain-link fencing.
The property occupies 0.11 acres at 3952 Bloomington Avenue in Minneapolis, within ZIP Code 55407. Its configuration allows an owner to occupy one residence while leasing or furnishing the other, or to operate both units as rentals. A fenced outdoor area provides additional usable space for the property.
The property occupies 0.11 acres at 3952 Bloomington Avenue in Minneapolis, within ZIP Code 55407. Its configuration allows an owner to occupy one residence while leasing or furnishing the other, or to operate both units as rentals. A fenced outdoor area provides additional usable space for the property.
Key Highlights
- Two‑unit duplex with 2,454 square feet of property size
- Each unit includes 2 bedrooms and 2 full bathrooms
- Finished lower‑level areas in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,855
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.24%
Second Best
Apartment 5plus
$470.5K
$411.7K – $548.9K
NOI $32,932 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$585.5K
$512.3K – $683.1K
NOI $40,983 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered units support owner occupancy, long-term leasing, or furnished rental use.
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 $495,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,454 square feet of property size; Each unit includes 2 bedrooms and 2 full bathrooms; Finished lower‑level areas in both residences
