Duplex with
416 8th Avenue SE, Minneapolis, MN 55414
For Sale
$599,000
Residential Income, Minneapolis, MN
Property Size2,922 SF
Price / SF$204
Days on Market53
Property Features for 416 8th Avenue SE
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
High school district
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
large backyard
outdoor space
Building Details
Year built
Listing Agency:
eXp Realty
(320) 500-4397
Listed By:
Herman S Antonov
(612) 751-9303
Added: Sep 15
Changed: Nov 4
Last Checked: Nov 6 at 10:06PM
MLS# 7140761
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 2,922-square-foot duplex, built in 1900, contains two residential units with eight bedrooms, three bathrooms, functional layouts, shared areas, and a basement. Hot-water heating serves the property, while the exterior includes a large backyard, additional outdoor space, and off-street parking. The configuration is described as offering the ability to convert to a triplex.
Located at 416 8th Avenue SE in Minneapolis, the property is near the University of Minnesota, Dinkytown, and Northeast Minneapolis. Neighborhood shops, restaurants, parks, trails, public transportation, and major highways are also identified in the surrounding area. The property’s two-unit format and stated conversion possibility provide a range of residential income configurations, subject to applicable requirements.
Located at 416 8th Avenue SE in Minneapolis, the property is near the University of Minnesota, Dinkytown, and Northeast Minneapolis. Neighborhood shops, restaurants, parks, trails, public transportation, and major highways are also identified in the surrounding area. The property’s two-unit format and stated conversion possibility provide a range of residential income configurations, subject to applicable requirements.
Key Highlights
- 2,922‑square‑foot duplex with two residential units
- Eight bedrooms, three bathrooms, and a basement
- Built in 1900 with hot‑water heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,692
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,840
$853.8K
Cap Rate 7%
$609,886
$609.9K
Cap Rate 9%
$474,356
$474.4K
Market Conditions
NOI Build-Up for 2,922 SF
Gross rent
$64.9K $22.20/SF
− Vacancy
−$3.9K −$1.33/SF
EGI
$61.0K $20.87/SF
− OpEx
−$18.3K −$6.26/SF
NOI
$42.7K $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%
$853,840
Cap Rate 7%
$609,886
Cap Rate 9%
$474,356
Alternative Uses
Best Use
Multifamily LT 5
$609.9K
$533.7K – $711.5K
NOI $42,692 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$560.2K
$490.2K – $653.5K
NOI $39,212 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$697.1K
$610.0K – $813.3K
NOI $48,799 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit multifamily property with a basement, off-street parking, and flexible residential layouts.
Where is this duplex located?
The property is located at 416 8th Avenue SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,922‑square‑foot duplex with two residential units; Eight bedrooms, three bathrooms, and a basement; Built in 1900 with hot‑water heating
