Duplex with Rooftop
For Sale
$450,000
3952 Oakland Avenue, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size2,292 SF
Lot Size0.11 Acres
Price / SF$196.34
Days on Market106
Property Features for 3952 Oakland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Laundry Room, Basement, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2
Parking features
Driveway, Open, Garage - Attached
Patio and Porch features
Deck
Fencing
Chain Link
High school district
Minneapolis
Directions
Park to 40th west 1 block
Standard status
Active
APN
1102824220072
Size
2,292 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7879
Utilities
Heating system
Forced Air
Amenities
private basement
fenced-in yard
rooftop deck patio
Building Details
Year built
1941
Roof type
Shingle
Listing Agency:
Wits Realty
Listed By:
Samuel Andrews
(612) 444-5507
Added: Jul 6
Changed: Oct 8
Last Checked: Oct 19 at 5:06AM
MLS# 7100848
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 two-unit duplex contains 2,292 square feet on a 0.11-acre parcel. Unit 1 is vacant, while Unit 2 is leased through 4/2027. Each residence has its own basement area with storage and a garage stall. A fenced yard and rooftop deck add outdoor space. Built in 1941, the property has forced-air heating and attached garage parking; driveway and open parking are also listed.
Key Highlights
- Two‑unit duplex with 2,292 square feet on a 0.11‑acre parcel
- Unit 1 is vacant; Unit 2 is leased through 4/2027
- Separate basement area, storage, and one garage stall for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,488
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,760
$669.8K
Cap Rate 7%
$478,400
$478.4K
Cap Rate 9%
$372,089
$372.1K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$50.9K $22.20/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$47.8K $20.87/SF
− OpEx
−$14.4K −$6.26/SF
NOI
$33.5K $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%
$669,760
Cap Rate 7%
$478,400
Cap Rate 9%
$372,089
Alternative Uses
Best Use
Multifamily LT 5
$478.4K
$418.6K – $558.1K
NOI $33,488 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,758 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$546.8K
$478.5K – $638.0K
NOI $38,278 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
667
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 - Two residential units offer separate basement areas, storage, and a garage stall apiece.
Where is this duplex located?
The property is located at 3952 Oakland Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,292 square feet on a 0.11‑acre parcel; Unit 1 is vacant; Unit 2 is leased through 4/2027; Separate basement area, storage, and one garage stall for each unit
