429 2nd Avenue E, Shakopee, MN 55379
MULTI_FAMILY - Shakopee, MN
- Added:
- Jun 26, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 3 at 7:06 am
Property Features for 429 2nd Avenue E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1
- Parking features
- Garage - Detached
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 270012030
- Size
- 1,784 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2158
Utilities
- Heating system
- Baseboard, Forced Air
Building Details
- Year built
- 1885
Listing agent Taylor Doolittle (952) 829-2900
Listing office RE/MAX Results 1609 Hennepin Ave, Eden Prairie, MN (612) 314-1520
Listing date Jun 26, 2026
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.
HighLights
- Two‑unit duplex on a deep, tree‑shaded lot a few blocks from downtown Shakopee
- Each unit has 2 bedrooms and its own full bath
- Fresh paint and new carpet in both units; hardwood laminate flooring in kitchen and baths
- In‑unit stacked washer/dryer in the lower unit
- Detached 2‑car garage off the alley with gravel parking and a fenced grassy yard
- Separate electric meters for the units; heating includes baseboard and forced‑air
Overview
Set on a deep, tree-shaded lot, the duplex includes a fenced grassy yard under mature maples and gravel parking. A detached two-car garage is located off the alley. Separate electric meters serve the two units.
With two independent units and separate utilities, the property can support a house-hack scenario where one unit is owner-occupied while the other is rented, or it can be leased as a duplex. The combination of updated finishes, a detached garage, and in-unit laundry simplifies occupancy planning for a new owner.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $22.20 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $37.2k | $20.87 |
| − OpEx | −$11.2k | −$6.26 |
| NOI | $26.1k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shakopee
- County
- Scott
- State
- Minnesota
- Longitude
- -93.521327
- Latitude
- 44.798496
