2-Unit Residential
For Sale
$675,000
4354 Harriet Avenue, Minneapolis, MN 55409
Two-bedroom, one-bath apartments are complemented by basement laundry and storage.
Property Size3,108 SF
Price / SF$217.18
Days on Market26
Property Features for 4354 Harriet Avenue
General Information
Standard status
Active
Size
3,108 SF
Property subtype
Duplex Up and Down
Site & Location
Neighborhood
Southwest
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
laundry
storage
Building Details
Year Built
1921
Listing Agency:
Kris Lindahl Real Estate
Listed By:
Kris Lindahl · License #40577988
(763) 292-4455
Source:
Caibert
Added: Oct 6
Changed: Oct 31
Last Checked: Oct 31 at 3:14AM
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 Kris Lindahl Real Estate
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Investment Insights
Based on property information with market context.
Built in 1921, this 3,108-square-foot duplex contains two apartments, each with two bedrooms and one bathroom. An unfinished basement provides laundry and storage space.
The property is on Harriet Avenue in South Minneapolis, near restaurants, shopping, parks, and major commuter routes.
The property is on Harriet Avenue in South Minneapolis, near restaurants, shopping, parks, and major commuter routes.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 3,108‑square‑foot building constructed in 1921
- Unfinished basement with laundry and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,410
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,200
$908.2K
Cap Rate 7%
$648,714
$648.7K
Cap Rate 9%
$504,556
$504.6K
Market Conditions
NOI Build-Up for 3,108 SF
Gross rent
$69.0K $22.20/SF
− Vacancy
−$4.1K −$1.33/SF
EGI
$64.9K $20.87/SF
− OpEx
−$19.5K −$6.26/SF
NOI
$45.4K $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%
$908,200
Cap Rate 7%
$648,714
Cap Rate 9%
$504,556
Alternative Uses
Best Use
Multifamily LT 5
$648.7K
$567.6K – $756.8K
NOI $45,410 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$595.8K
$521.4K – $695.1K
NOI $41,708 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$741.5K
$648.8K – $865.1K
NOI $51,905 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
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Business Placement
Demographics for 55409, MN
11,843
Population
5,488
Households
2.2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
9,110
Density / Sq Mi
$98,056
Median Household Income
$59,430
Median Earnings
$1,364
Median Rent
$365,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one-bath apartments are complemented by basement laundry and storage.
Where is this duplex located?
The property is located at 4354 Harriet Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 3,108‑square‑foot building constructed in 1921; Unfinished basement with laundry and storage
