Updated Duplex with Detached
For Sale
$330,000
4165 Aldrich Ave N, Minneapolis, MN 55411
Fully occupied two-unit property with separate laundry arrangements and established rental use.
Property Size2,172 SF
Price / SF$151.93
Days on Market25
Property Features for 4165 Aldrich Ave N
General Information
Standard status
Active
Size
2,172 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,191
Amenities
laundry
Building Details
Buildings
1
Listing Agency:
Keller Williams Integrity NW
(763) 441-2248
Listed By:
Steven DeGreeff · License #506011596
(763) 350-5262
Source:
Exprealty
Added: Sep 15
Changed: Oct 3
Last Checked: Oct 7 at 3:39PM
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 Keller Williams Integrity NW
Investment Insights
Based on property information with market context.
This up-down duplex was updated in 2023 and contains 2,172 square feet across two residential units. The main-level residence offers 3 bedrooms and 1 bathroom, with dedicated laundry located in the basement. The upper unit includes 2 bedrooms, 1 bathroom, and laundry on the living level. A detached 2-car garage provides additional on-site storage and parking capacity.
The property is fully occupied and located at 4165 Aldrich Ave N in Minneapolis, Minnesota. Its established rental configuration combines distinct unit layouts with separate laundry setups, supporting continued operation as a two-unit residential income property.
The property is fully occupied and located at 4165 Aldrich Ave N in Minneapolis, Minnesota. Its established rental configuration combines distinct unit layouts with separate laundry setups, supporting continued operation as a two-unit residential income property.
Key Highlights
- Updated in 2023
- 2,172 SF up‑down duplex
- Fully occupied with two residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,148
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,960
$583.0K
Cap Rate 7%
$416,400
$416.4K
Cap Rate 9%
$323,867
$323.9K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$56.6K $26.04/SF
− Vacancy
−$3.6K −$1.64/SF
EGI
$53.0K $24.40/SF
− OpEx
−$23.8K −$10.98/SF
NOI
$29.1K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,960
Cap Rate 7%
$416,400
Cap Rate 9%
$323,867
Alternative Uses
Best Use
Multifamily LT 5
$453.3K
$396.7K – $528.9K
NOI $31,734 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$416.4K
$364.4K – $485.8K
NOI $29,148 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$518.2K
$453.4K – $604.6K
NOI $36,274 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 55411, MN
31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with separate laundry arrangements and established rental use.
Where is this duplex located?
The property is located at 4165 Aldrich Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Updated in 2023; 2,172 SF up‑down duplex; Fully occupied with two residential units
