Updated Side-by-Side
4135 W 124th St, Savage, MN 55378
For Sale
$550,000
Two matching units offer refreshed interiors, remodeled bathrooms, and convenient access to parks, shopping, dining, and highways.
Property Size3,116 SF
Price / SF$176.51
Days on Market53
Property Features for 4135 W 124th St
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Year Built
Listing Agency:
Results Plus Realty, Inc.
Listed By:
Chris Doffing
(952) 454-7102
Source:
Tayloronken
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 7 at 3:49PM
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 Results Plus Realty, Inc.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains 3,116 square feet and was built in 1960. Both units share the same functional layout and have received extensive interior updates, including new hardwood flooring, carpet, lighting, custom paint, and refreshed living areas. Each side also includes a remodeled bathroom with new vanities, tile flooring, and tiled tub and shower surrounds.
The property is located in Savage near parks, dining, and shopping, with highway access supporting commutes throughout the area. Both units are presented as move-in ready, offering a consistent condition across the duplex.
The property is located in Savage near parks, dining, and shopping, with highway access supporting commutes throughout the area. Both units are presented as move-in ready, offering a consistent condition across the duplex.
Key Highlights
- Side‑by‑side duplex with 3,116 square feet
- Both units feature matching layouts
- New hardwood flooring, carpet, lighting, and custom paint throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,527
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,540
$910.5K
Cap Rate 7%
$650,386
$650.4K
Cap Rate 9%
$505,856
$505.9K
Market Conditions
NOI Build-Up for 3,116 SF
Gross rent
$69.2K $22.20/SF
− Vacancy
−$4.1K −$1.33/SF
EGI
$65.0K $20.87/SF
− OpEx
−$19.5K −$6.26/SF
NOI
$45.5K $14.61/SF
Area
Scott County, 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%
$910,540
Cap Rate 7%
$650,386
Cap Rate 9%
$505,856
Alternative Uses
Best Use
Multifamily LT 5
$650.4K
$569.1K – $758.8K
NOI $45,527 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$597.4K
$522.7K – $696.9K
NOI $41,816 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$743.4K
$650.5K – $867.3K
NOI $52,039 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 55378, MN
31,906
Population
11,857
Households
2.7
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,231
Density / Sq Mi
$122,237
Median Household Income
$58,171
Median Earnings
$1,608
Median Rent
$393,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching units offer refreshed interiors, remodeled bathrooms, and convenient access to parks, shopping, dining, and highways.
Where is this duplex located?
The property is located at 4135 W 124th St Savage, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 3,116 square feet; Both units feature matching layouts; New hardwood flooring, carpet, lighting, and custom paint throughout both units
