Triplex with Spacious
For Sale
$465,000
4376 Upper 71st St E, Inver Grove Heights, MN 55076
Well-maintained 3-unit triplex on a spacious lot with stable long-term occupancy history.
Property Size2,560 SF
Price / SF$181.64
Days on Market107
Property Features for 4376 Upper 71st St E
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Peritus Real Estate
Listed By:
John A Stiles · License #40207306
(612) 236-9296
Source:
Chrisfritchteam
Added: Jul 11
Changed: Oct 5
Last Checked: Oct 7 at 5:19PM
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 Peritus Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three units within a single property and is described as having a stable, long-term occupancy history with minimal turnover. The asset sits on a spacious lot that is presented as flexible for tenant-valued outdoor needs, and it is noted to carry gross monthly rents totaling $3,420.
The property is located in Inver Grove Heights, with the remarks highlighting proximity to the Mississippi River and nearby recreational opportunities, including a city park with a playground and splash pad, Swing Bridge Park, and a neighborhood dog park.
The listing also notes an adjacent vacant lot at 7177 River Rd that is available separately or together with the triplex.
The property is located in Inver Grove Heights, with the remarks highlighting proximity to the Mississippi River and nearby recreational opportunities, including a city park with a playground and splash pad, Swing Bridge Park, and a neighborhood dog park.
The listing also notes an adjacent vacant lot at 7177 River Rd that is available separately or together with the triplex.
Key Highlights
- 3‑unit triplex built in 1915 with a well‑maintained design and stable long‑term occupancy history
- Gross monthly rents total $3,420 with consistent income and minimal turnover reported
- Spacious lot provides flexibility for outdoor storage, recreational vehicles, or equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,403
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,060
$748.1K
Cap Rate 7%
$534,329
$534.3K
Cap Rate 9%
$415,589
$415.6K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$56.8K $22.20/SF
− Vacancy
−$3.4K −$1.33/SF
EGI
$53.4K $20.87/SF
− OpEx
−$16.0K −$6.26/SF
NOI
$37.4K $14.61/SF
Area
Dakota County, 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%
$748,060
Cap Rate 7%
$534,329
Cap Rate 9%
$415,589
Alternative Uses
Best Use
Multifamily LT 5
$534.3K
$467.5K – $623.4K
NOI $37,403 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$490.8K
$429.4K – $572.6K
NOI $34,354 @ 7.0% cap · market cap 7.39%
Theoretical Best
Healthcare Medical
$630.0K
$551.2K – $735.0K
NOI $44,099 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 55076, MN
21,624
Population
9,525
Households
2.3
Avg Household Size
43
Median Age
39%
College-Educated
95%
High-School Grad
9.9 sq mi
ZIP Area
2,184
Density / Sq Mi
$98,026
Median Household Income
$55,557
Median Earnings
$1,340
Median Rent
$308,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained 3-unit triplex on a spacious lot with stable long-term occupancy history.
Where is this triplex located?
The property is located at 4376 Upper 71st St E Inver Grove Heights, MN.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 3‑unit triplex built in 1915 with a well‑maintained design and stable long‑term occupancy history; Gross monthly rents total $3,420 with consistent income and minimal turnover reported; Spacious lot provides flexibility for outdoor storage, recreational vehicles, or equipment
