Two-Story Duplex with
For Sale
$349,900
4023 6th St NE, Columbia Heights, MN 55421
Both units offer two bedrooms, sunrooms, replacement windows, and hardwood floors.
Property Size2,100 SF
Price / SF$166.62
Days on Market87
Property Features for 4023 6th St NE
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR+sunroom
Multifamily Units
2
Building Details
Year Built
1927
Buildings
1
Stories
2
Listing Agency:
RE/MAX Results
Listed By:
Pat Hiller
(952) 829-2900
Source:
Bradadamrealty
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 7 at 3:13PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
Built in 1927, this two-story duplex is arranged as an upper unit and a lower unit. Each apartment includes two bedrooms, a sunroom, replacement windows, and hardwood floors. The lower residence also features detailed woodwork. Brand-new boilers and water heaters serve the property, while newer patio improvements, Leafguard gutters, and new garage doors add to the exterior package.
The property is fully vacant and located at 4023 6th St NE in Columbia Heights. Parks, miles of trails, and Sarna's restaurant are noted in the surrounding area. Property size is 2100, providing a compact duplex configuration for an owner-occupant or rental operator.
The property is fully vacant and located at 4023 6th St NE in Columbia Heights. Parks, miles of trails, and Sarna's restaurant are noted in the surrounding area. Property size is 2100, providing a compact duplex configuration for an owner-occupant or rental operator.
Key Highlights
- Two‑story up/down duplex with two bedrooms and a sunroom in each unit
- Both apartments feature replacement windows and hardwood floors
- Lower unit includes detailed woodwork and a sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,009
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,180
$520.2K
Cap Rate 7%
$371,557
$371.6K
Cap Rate 9%
$288,989
$289.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$39.8K $18.96/SF
− Vacancy
−$2.7K −$1.27/SF
EGI
$37.2K $17.69/SF
− OpEx
−$11.1K −$5.31/SF
NOI
$26.0K $12.39/SF
Area
Anoka County, MN
Vacancy
6.68%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,180
Cap Rate 7%
$371,557
Cap Rate 9%
$288,989
Alternative Uses
Best Use
Multifamily LT 5
$371.6K
$325.1K – $433.5K
NOI $26,009 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$342.4K
$299.6K – $399.5K
NOI $23,967 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$583.3K
$510.4K – $680.5K
NOI $40,832 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 55421, MN
30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both units offer two bedrooms, sunrooms, replacement windows, and hardwood floors.
Where is this duplex located?
The property is located at 4023 6th St NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑story up/down duplex with two bedrooms and a sunroom in each unit; Both apartments feature replacement windows and hardwood floors; Lower unit includes detailed woodwork and a sunroom
