Tudor Duplex with Detached
For Sale
$740,000
4145 Colfax Avenue S, Minneapolis, MN 55409
Residential Income, Minneapolis, MN
Property Size3,034 SF
Lot Size0.19 Acres
Price / SF$243.90
Days on Market36
Property Features for 4145 Colfax Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 1, Bedroom 2, Basement, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3
Parking features
Driveway, Open, Garage - Detached
Patio and Porch features
Patio
Fireplace
1
Subdivision
Remingtons 3rd Add
High school district
Minneapolis
Directions
To Colfax Avenue south, to home.
Standard status
Active
APN
0902824140169
Size
3,034 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13724
Utilities
Heating system
Oil, Other (Heating), Fireplace(s)
Amenities
shared cobblestone patio
Building Details
Year built
1931
Building materials
Concrete, Stone
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 848-2400
Listed By:
Kurt J Faber
(952) 829-2900
Added: Aug 31
Changed: Sep 30
Last Checked: Oct 5 at 3:06PM
MLS# 7132772
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.
Built in 1931, this Tudor duplex contains 3,034 square feet across two residences, each with three bedrooms and two bathrooms. The interiors retain period details while offering formal dining rooms, eat-in kitchen areas, generously sized pantries, living room fireplaces, and a shared cobblestone patio. Each unit includes a full bathroom with built-in vanity and a three-quarter Jack-and-Jill bath serving the secondary bedrooms.
The property includes a newer detached two-car garage for each residence, providing four garage stalls in total. Improvements include a 2017 roof, one newer boiler, and reconstruction of the upper 17 feet of the chimney masonry with new brick, a limestone overhang, and reinforced concrete cap. The Rose Garden is approximately 1.5 blocks away, while Lake Harriet is less than two blocks from the property.
The property includes a newer detached two-car garage for each residence, providing four garage stalls in total. Improvements include a 2017 roof, one newer boiler, and reconstruction of the upper 17 feet of the chimney masonry with new brick, a limestone overhang, and reinforced concrete cap. The Rose Garden is approximately 1.5 blocks away, while Lake Harriet is less than two blocks from the property.
Key Highlights
- Two‑unit duplex with 3,034 square feet and two 3‑bedroom, 2‑bath residences
- Four total garage stalls, with a newer detached 2‑car garage for each unit
- Built in 1931 with Tudor‑style construction and period interior details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,329
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,580
$886.6K
Cap Rate 7%
$633,271
$633.3K
Cap Rate 9%
$492,544
$492.5K
Market Conditions
NOI Build-Up for 3,034 SF
Gross rent
$67.4K $22.20/SF
− Vacancy
−$4.0K −$1.33/SF
EGI
$63.3K $20.87/SF
− OpEx
−$19.0K −$6.26/SF
NOI
$44.3K $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%
$886,580
Cap Rate 7%
$633,271
Cap Rate 9%
$492,544
Alternative Uses
Best Use
Multifamily LT 5
$633.3K
$554.1K – $738.8K
NOI $44,329 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$581.6K
$508.9K – $678.6K
NOI $40,715 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$723.8K
$633.4K – $844.5K
NOI $50,669 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 55409, MN
11,843
Population
5,488
Households
2.2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
9,110
Density / Sq Mi
$98,056
Median Household Income
$59,430
Median Earnings
$1,364
Median Rent
$365,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two spacious residences combine historic character, updated systems, private garages, and convenient access to Rose Garden and Lake Harriet.
Where is this duplex located?
The property is located at 4145 Colfax Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,034 square feet and two 3‑bedroom, 2‑bath residences; Four total garage stalls, with a newer detached 2‑car garage for each unit; Built in 1931 with Tudor‑style construction and period interior details
