Updated Fourplex with Private
For Sale
$625,000
4100 Lakebreeze Avenue, Brooklyn Center, MN 55429
Remodeled units support Airbnb rentals, coin-operated laundry, and garage rental income alongside traditional apartment operations.
Property Size3,654 SF
Price / SF$171.05
Days on Market50
Property Features for 4100 Lakebreeze Avenue
General Information
Standard status
Active
Size
3,654 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
coin-op laundry
on-site caretaker
Building Details
Year Built
1964
Listing Agency:
Edina Realty, Inc
Listed By:
Jay Hancock Real Estate
(612) 916-0245
Source:
Jayhancockrealestate
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 28 at 7:42AM
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 Edina Realty, Inc
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Investment Insights
Based on property information with market context.
Built in 1964, this 3,654-square-foot fourplex includes four remodeled and updated residential units. Two apartments operate as established Airbnb rentals, while additional revenue comes from owned coin-operated laundry equipment and garage rentals. Four private garages and additional off-street parking serve residents and short-term guests. The apartment building and garage have newer roofs, and an on-site caretaker supports day-to-day operations.
The property is located at 4100 Lakebreeze Avenue in Brooklyn Center, with walkable access to coffee shops and parks. Major highways are also nearby, providing convenient connectivity for residents and visitors traveling throughout the metro area.
The property is located at 4100 Lakebreeze Avenue in Brooklyn Center, with walkable access to coffee shops and parks. Major highways are also nearby, providing convenient connectivity for residents and visitors traveling throughout the metro area.
Key Highlights
- 3,654‑square‑foot fourplex built in 1964
- Four remodeled and updated residential units
- Two established Airbnb rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,353
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,060
$947.1K
Cap Rate 7%
$676,471
$676.5K
Cap Rate 9%
$526,144
$526.1K
Market Conditions
NOI Build-Up for 3,654 SF
Gross rent
$72.3K $19.80/SF
− Vacancy
−$4.7K −$1.29/SF
EGI
$67.6K $18.51/SF
− OpEx
−$20.3K −$5.55/SF
NOI
$47.4K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,060
Cap Rate 7%
$676,471
Cap Rate 9%
$526,144
Alternative Uses
Best Use
Multifamily LT 5
$676.5K
$591.9K – $789.2K
NOI $47,353 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$610.1K
$533.9K – $711.8K
NOI $42,709 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$871.8K
$762.8K – $1.02M
NOI $61,024 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 55429, MN
28,755
Population
10,529
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
6.0 sq mi
ZIP Area
4,793
Density / Sq Mi
$66,661
Median Household Income
$40,255
Median Earnings
$1,253
Median Rent
$267,900
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?
Quadplex - Remodeled units support Airbnb rentals, coin-operated laundry, and garage rental income alongside traditional apartment operations.
Where is this quadplex located?
The property is located at 4100 Lakebreeze Avenue Brooklyn Center, MN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,654‑square‑foot fourplex built in 1964; Four remodeled and updated residential units; Two established Airbnb rentals
