2-Unit Duplex with Private
435 Madison Street NE, Minneapolis, MN 55413
For Sale
$450,000
Both residences offer two bedrooms, a full bath, and in-unit laundry.
Property Size2,190 SF
Price / SF$205.48
Days on Market93
Property Features for 435 Madison Street NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private laundry
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Edina Realty, Inc.
Listed By:
Dean Schlaak
(612) 388-1024
Source:
Harkerwoods
Added: Aug 14
Changed: Nov 13
Last Checked: Nov 13 at 3:37PM
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 Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
This 2,190-square-foot duplex, built in 1968, contains two residences. Each has two bedrooms, one full bathroom, a kitchen, living space, and its own laundry facilities.
The property is on Madison Street NE in Minneapolis, within Northeast Minneapolis. Nearby destinations include the Northeast Minneapolis Arts District, the Northrup King Building, Central and East Hennepin, and the Mississippi River riverfront, with trails and parks in the area.
The property is on Madison Street NE in Minneapolis, within Northeast Minneapolis. Nearby destinations include the Northeast Minneapolis Arts District, the Northrup King Building, Central and East Hennepin, and the Mississippi River riverfront, with trails and parks in the area.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bath
- Private laundry in each unit
- 2,190 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,997
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,940
$639.9K
Cap Rate 7%
$457,100
$457.1K
Cap Rate 9%
$355,522
$355.5K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$48.6K $22.20/SF
− Vacancy
−$2.9K −$1.33/SF
EGI
$45.7K $20.87/SF
− OpEx
−$13.7K −$6.26/SF
NOI
$32.0K $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%
$639,940
Cap Rate 7%
$457,100
Cap Rate 9%
$355,522
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$400.0K – $533.3K
NOI $31,997 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$419.8K
$367.4K – $489.8K
NOI $29,389 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$522.5K
$457.2K – $609.6K
NOI $36,574 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,793
Businesses Nearby
Explore this area
Business Placement
Demographics for 55413, MN
13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences offer two bedrooms, a full bath, and in-unit laundry.
Where is this duplex located?
The property is located at 435 Madison Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bath; Private laundry in each unit; 2,190 square feet of building area
