Quadplex with Shared Coin Laundry

4110 Lake Breeze Avenue Brooklyn Center, MN 55429

Claim this Listing
For Sale
$584,900

MULTI_FAMILY - Brooklyn Center, MN

Property size:
3,472 SF
Lot size:
0.27 Acres
Price / SF:
$168/SF
Added:
Jan 10, 2026
Days on Market:
183
Last Refresh:
Jul 12 at 9:06 am

Property Features for 4110 Lake Breeze Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Basement, Bedroom 8
Parking features
Garage - Detached, Driveway
Exterior features
Brick/Stone
Standard status
Active
APN
1011821320071
Size
3,472 SF
Lot size
0.27 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
8884

Utilities

Heating system
Forced Air

Building Details

Year built
1964

Listing agent Miroslava C Leon

Listing office Banneker Realty, LLC 3545 Bloomington Ave S, Minneapolis, MN

Listing date Jan 10, 2026

MLS# 7007934 Listing URL

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.

This four-unit quadplex is presented turnkey and designed for straightforward ownership, whether you plan to occupy one unit or rent all four. The property includes shared coin-operated wash/dry facilities, and each unit has access to its own detached garage. Rental inspections have recently been completed, and leases are in place on a month-to-month basis. Recent updates noted include a new stove, refrigerator, flooring, and shower/bath for Unit #2, air conditioning for Unit #3, and a new furnace for Unit #4.

The property is located at 4110 Lake Breeze Avenue in Brooklyn Center, MN 55429, in the Twin Lakes Neighborhood area. The surrounding area is described as being near parks, paths, and restaurants/stores.

From an owner-operator or investor standpoint, the current lease structure and unit-by-unit improvements support an easy transition for buyers. With shared laundry on-site and detached garages included for each unit, the property offers practical day-to-day amenities that can help support tenant convenience. The stated condition and included updates make it suitable for a beginner investor looking to add a four-unit rental to a portfolio, or for an owner seeking a unit to live in while operating the remaining units as rentals.

Key Highlights

  • 4‑unit property with current month‑to‑month leases
  • Brick/stone exterior with forced‑air heating
  • Detached garage for each unit, plus driveway parking

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 $68.7k $19.80
− Vacancy −$4.5k −$1.29
EGI $64.3k $18.51
− OpEx −$19.3k −$5.55
NOI $45.0k $12.96
3,472 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$642.8K
$562.4K – $749.9K (±1% cap)
NOI $44,994 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$579.7K
$507.3K – $676.4K (±1% cap)
NOI $40,582 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$828.3K
$724.8K – $966.4K (±1% cap)
NOI $57,984 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Hair Salon Spa & Massage Center Nail Salon Dental Office Auto Parts Store Parking Lot & Garage Real Estate Agency Skin Care Clinic Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit quadplex offered turnkey, with shared coin-operated laundry and detached garages for each unit.
Where is this quadplex located?
The property is located at 4110 Lake Breeze Avenue Brooklyn Center, MN.
What is the asking price?
The asking price for this property is $584,900.
What are key features of this property?
This property features: 4‑unit property with current month‑to‑month leases; Brick/stone exterior with forced‑air heating; Detached garage for each unit, plus driveway parking
Contact an agent
More about this property
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