Duplex with Detached
For Sale
$229,000
4049 Girard Ave N, Minneapolis, MN 55412
The two-unit layout pairs updated interiors with a fenced backyard and off-street parking.
Property Size1,255 SF
Price / SF$182.47
Days on Market14
Property Features for 4049 Girard Ave N
General Information
Standard status
Active
Size
1,255 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Camden
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,189
Amenities
laundry facilities
fenced backyard
Building Details
Buildings
1
Listing Agency:
RE/MAX Advantage Plus
(763) 755-1100
Listed By:
Anthony J. Dagostino
(612) 636-0854
Source:
Exprealty
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 10:24AM
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 Advantage Plus
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Investment Insights
Based on property information with market context.
This up-and-down duplex contains 1,255 square feet across two units. Both feature hardwood flooring, stainless steel appliances, and fresh paint. The unfinished lower level provides storage and laundry facilities. A detached two-car garage, concrete driveway, and fenced backyard are among the exterior features. Updates include a furnace installed in 2020, replacement water and gas lines, and a new main water line connecting the home to the city supply.
The property occupies a corner lot in Minneapolis, near restaurants, public transportation, parks, and major highways, with access to Downtown. A TISH has been completed.
The property occupies a corner lot in Minneapolis, near restaurants, public transportation, parks, and major highways, with access to Downtown. A TISH has been completed.
Key Highlights
- Up‑and‑down duplex with two residential units and 1,255 square feet
- Both units have hardwood floors, stainless steel appliances, and fresh paint
- Furnace installed in 2020; water and gas lines replaced, including the main water line from the city connection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,336
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,720
$366.7K
Cap Rate 7%
$261,943
$261.9K
Cap Rate 9%
$203,733
$203.7K
Market Conditions
NOI Build-Up for 1,255 SF
Gross rent
$27.9K $22.20/SF
− Vacancy
−$1.7K −$1.33/SF
EGI
$26.2K $20.87/SF
− OpEx
−$7.9K −$6.26/SF
NOI
$18.3K $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%
$366,720
Cap Rate 7%
$261,943
Cap Rate 9%
$203,733
Alternative Uses
Best Use
Multifamily LT 5
$261.9K
$229.2K – $305.6K
NOI $18,336 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$240.6K
$210.5K – $280.7K
NOI $16,842 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$299.4K
$262.0K – $349.3K
NOI $20,959 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 55412, MN
23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout pairs updated interiors with a fenced backyard and off-street parking.
Where is this duplex located?
The property is located at 4049 Girard Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Up‑and‑down duplex with two residential units and 1,255 square feet; Both units have hardwood floors, stainless steel appliances, and fresh paint; Furnace installed in 2020; water and gas lines replaced, including the main water line from the city connection
