Occupied Quadplex with Classic
For Sale
Contact for pricing
4333 Fremont Ave N, Minneapolis, MN 55412
Four occupied apartments offer a mix of one- and two-bedroom layouts with off-street parking.
Property Size2,912 SF
Price / SF$171.36
Days on Market153
Property Features for 4333 Fremont Ave N
General Information
Standard status
Active
Size
2,912 SF
Total Parking Spaces
5
Property subtype
Retail, Multifamily
Zoning
Residential-Multi-Family
Investment Type
Stabilized
Net Operating Income
$37,442
Building Details
Year Built
1931
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Keller Williams Realty Integrity Northwest
Listed By:
Steven DeGreeff · License #506011596
Source:
Crexi
Added: Mar 31
Changed: Aug 29
Last Checked: Aug 29 at 2:05PM
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 Northwest
Investment Insights
Based on property information with market context.
This 2,912-square-foot quadplex, built in 1931, contains two 2-bedroom apartments and two 1-bedroom apartments. All four units are currently occupied. Interior details include hardwood flooring and natural woodwork, giving the building a preserved character distinct from newer construction. The property is zoned Residential-Multi-Family and includes off-street parking for 5 cars.
Located at 4333 Fremont Ave N in Minneapolis, the property is near Webber Park. Its established unit mix, existing occupancy, and residential zoning provide a straightforward multifamily configuration for continued residential use.
Located at 4333 Fremont Ave N in Minneapolis, the property is near Webber Park. Its established unit mix, existing occupancy, and residential zoning provide a straightforward multifamily configuration for continued residential use.
Key Highlights
- Four‑unit property with two 2‑bedroom units and two 1‑bedroom units
- All units currently occupied
- 2,912 square feet; built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,546
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,920
$850.9K
Cap Rate 7%
$607,800
$607.8K
Cap Rate 9%
$472,733
$472.7K
Market Conditions
NOI Build-Up for 2,912 SF
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.
Gross rent
$64.6K $22.20/SF
− Vacancy
−$3.9K −$1.33/SF
EGI
$60.8K $20.87/SF
− OpEx
−$18.2K −$6.26/SF
NOI
$42.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,920
Cap Rate 7%
$607,800
Cap Rate 9%
$472,733
Alternative Uses
Best Use
Multifamily LT 5
$607.8K
$531.8K – $709.1K
NOI $42,546 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$558.3K
$488.5K – $651.3K
NOI $39,078 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$694.7K
$607.9K – $810.5K
NOI $48,632 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 55412, MN
23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments offer a mix of one- and two-bedroom layouts with off-street parking.
Where is this quadplex located?
The property is located at 4333 Fremont Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four‑unit property with two 2‑bedroom units and two 1‑bedroom units; All units currently occupied; 2,912 square feet; built in 1931
