Triplex with Private
For Sale
$750,000
4333 Beard Avenue S, Minneapolis, MN 55410
A three-unit property combines two-bedroom apartments with a studio and period interior details.
Property Size4,732 SF
Price / SF$158.50
Days on Market10
Property Features for 4333 Beard Avenue S
General Information
Standard status
Active
Size
4,732 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR, 1 x studio
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,175
Building Details
Building Size
4,732 SF
Year Built
1928
Stories
2
Units
3
Listing Agency:
Keller Williams Realty Integrity
(952) 938-6100
Listed By:
Kari M Lundin · License #402183256
(612) 290-5998
Source:
Driveresultsrealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 5:11PM
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 Realty Integrity
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Investment Insights
Based on property information with market context.
This 1928 triplex contains two two-bedroom apartments and an open studio. Original woodwork and hardwood flooring remain in the building. A sunroom extends the main-level apartment, while the upper unit includes a private deck. The property measures 4,732 square feet.
Located in Minneapolis’ Linden Hills neighborhood, the property is at 4333 Beard Avenue S. Tenants pay their own heat and electricity.
Located in Minneapolis’ Linden Hills neighborhood, the property is at 4333 Beard Avenue S. Tenants pay their own heat and electricity.
Key Highlights
- Three units: two two‑bedroom apartments and an open studio
- Built in 1928, with original woodwork and hardwood floors
- Main‑level apartment includes a sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,502
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,040
$1.3M
Cap Rate 7%
$907,171
$907.2K
Cap Rate 9%
$705,578
$705.6K
Market Conditions
NOI Build-Up for 4,732 SF
Gross rent
$123.2K $26.04/SF
− Vacancy
−$7.8K −$1.64/SF
EGI
$115.5K $24.40/SF
− OpEx
−$52.0K −$10.98/SF
NOI
$63.5K $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%
$1,270,040
Cap Rate 7%
$907,171
Cap Rate 9%
$705,578
Alternative Uses
Best Use
Multifamily LT 5
$987.7K
$864.2K – $1.15M
NOI $69,138 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$907.2K
$793.8K – $1.06M
NOI $63,502 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$1.13M
$987.8K – $1.32M
NOI $79,027 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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Business Placement
Demographics for 55410, MN
21,352
Population
8,685
Households
2.5
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
3.1 sq mi
ZIP Area
6,888
Density / Sq Mi
$144,973
Median Household Income
$77,518
Median Earnings
$1,622
Median Rent
$597,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - A three-unit property combines two-bedroom apartments with a studio and period interior details.
Where is this triplex located?
The property is located at 4333 Beard Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three units: two two‑bedroom apartments and an open studio; Built in 1928, with original woodwork and hardwood floors; Main‑level apartment includes a sunroom
