Updated Side-by-Side
For Sale
$550,000
4135 W 124th Street, Savage, MN 55378
Residential Income, Savage, MN
Property Size3,116 SF
Lot Size0.30 Acres
Price / SF$176.51
Days on Market50
Property Features for 4135 W 124th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 4, Basement, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 5
Subdivision
Hansons 1st Add
High school district
Burnsville-Eagan-Savage
Directions
Hwy 13 to Lynn, S to 124th E to property
Standard status
Active
APN
260060390
Size
3,116 SF
Lot size
0.30 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4588
Utilities
Heating system
Forced Air
Building Details
Year built
1960
Listing Agency:
Results Plus Realty, Inc.
Listed By:
Chris Doffing
(952) 707-8900
Added: Sep 11
Changed: Oct 24
Last Checked: Oct 30 at 1:06PM
MLS# 7143027
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 side-by-side duplex contains 3,116 square feet on a 0.3-acre lot and was built in 1960. Both units share the same functional layout and have undergone extensive interior updates, including new hardwood flooring, carpet, paint, lighting, remodeled bathrooms, tile floors, updated vanities, and tiled tub and shower surrounds. The property includes six bedrooms, four bathrooms, and a basement, with forced-air heating serving the building.
Both sides are occupied, providing an income-producing configuration for an owner seeking an already leased residential asset. The property is located in Savage, Minnesota, near parks, dining, shopping, and highway access. Its side-by-side design and renovated interiors support straightforward two-unit operation.
Both sides are occupied, providing an income-producing configuration for an owner seeking an already leased residential asset. The property is located in Savage, Minnesota, near parks, dining, shopping, and highway access. Its side-by-side design and renovated interiors support straightforward two-unit operation.
Key Highlights
- Two‑unit side‑by‑side duplex with both units occupied
- 3,116 square feet on a 0.3‑acre lot
- Six bedrooms and four bathrooms
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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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?
Duplex - Fully leased two-unit property with renovated interiors, forced-air heating, and convenient access to parks, dining, shopping, and highways.
Where is this duplex located?
The property is located at 4135 W 124th Street 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: Two‑unit side‑by‑side duplex with both units occupied; 3,116 square feet on a 0.3‑acre lot; Six bedrooms and four bathrooms
