Two-Unit Up-and-Down
New
For Sale
$229,000
4049 Girard Avenue N, Minneapolis, MN 55412
Residential Income, Minneapolis, MN
Property Size1,255 SF
Lot Size0.15 Acres
Price / SF$182.47
Days on Market5
Property Features for 4049 Girard Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Parking features
Garage - Detached, Driveway
Patio and Porch features
Porch
Fencing
Chain Link
Subdivision
Wyoming Park Add
Lot features
Corner Lot
High school district
Minneapolis
Directions
Dowling to Girard Ave N, Go North on Girard to 4049, No Sign.
Standard status
Active
APN
0402924130082
Size
1,255 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4189
Utilities
Heating system
Baseboard, Forced Air
Amenities
storage space
laundry facilities
fenced backyard
Building Details
Year built
1906
Roof type
Shingle
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(763) 755-1100
Listed By:
Anthony J. Dagostino
(952) 226-7700
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 12:06PM
MLS# 7158602
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 1,255-square-foot up-and-down duplex was built in 1906 and sits on a 0.15-acre corner lot. Both units feature hardwood floors, stainless steel appliances, and refreshed paint. The unfinished lower level provides storage and contains the laundry facilities. Heating includes forced air and baseboard systems.
Recent work includes a furnace installed in 2020, replacement of the water and gas lines, and a new main water line running from the city connection to the home. A detached two-car garage and concrete driveway provide on-site parking. The backyard is fenced, and the property also has a porch.
Recent work includes a furnace installed in 2020, replacement of the water and gas lines, and a new main water line running from the city connection to the home. A detached two-car garage and concrete driveway provide on-site parking. The backyard is fenced, and the property also has a porch.
Key Highlights
- Up‑and‑down duplex with two residential units
- 1,255 square feet on a 0.15‑acre corner lot
- 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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
Check the figures for this property
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 - Both residences have hardwood floors, stainless steel appliances, and refreshed interior paint.
Where is this duplex located?
The property is located at 4049 Girard Avenue 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; 1,255 square feet on a 0.15‑acre corner lot; Furnace installed in 2020; water and gas lines replaced, including the main water line from the city connection
