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.
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 2:09 am
Property Features for 4376 UPPER 71ST ST E
General Information
- Standard status
- Active
- Size
- 2,560 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing office Peritus Real Estate
Listing date Jul 9, 2026
Source Crexi
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
Investment Insights
Based on property information with market context.
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.8k | $22.20 |
| − Vacancy | −$3.4k | −$1.33 |
| EGI | $53.4k | $20.87 |
| − OpEx | −$16.0k | −$6.26 |
| NOI | $37.4k | $14.61 |
