3952 Oakland Avenue Minneapolis, MN 55407
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jul 6, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 11 at 2:06 pm
Property Features for 3952 Oakland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Basement, Bedroom 3
- Parking features
- Driveway, Garage - Attached, Open
- Exterior features
- Stucco
- Fencing
- Chain Link
- 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
Building Details
- Year built
- 1941
- Roof type
- Shingle
Listing agent Samuel Andrews (612) 444-5507
Listing office Wits Realty 1153 16th Ave SE, Minneapolis, MN (612) 444-5507
Listing date Jul 6, 2026
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.
The home sits on a fenced-in lot and includes an outdoor area for tenant use, highlighted by a fenced yard and a rooftop deck patio. The listing notes the property is located minutes from restaurants and parks, which can be convenient for everyday living and tenant preferences.
From an ownership standpoint, the duplex is currently producing rental income with Unit 1 rented on a month-to-month basis at $1,345 per month. Unit 2 is leased through 4/2027 at $2,200 per month, for combined stated rent of $3,545 per month. For tenants, the separation of units with private basements, private garage parking, and the yard/patio amenities may improve day-to-day comfort and privacy, while for buyers, the ready-to-rent setup and updated condition reduce the need for immediate capital work based on the information provided.
Key Highlights
- Duplex with two units: Unit 1 rented month‑to‑month at $1,345/mo
- Unit 2 leased through 4/2027 at $2,200/mo for total combined rent of $3,545/mo
- Each unit includes a private basement with lots of storage plus a private garage stall
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.9k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $47.8k | $20.87 |
| − OpEx | −$14.4k | −$6.26 |
| NOI | $33.5k | $14.61 |
