Duplex With Detached
New
For Sale
$339,900
4429 Main Street NE, Columbia Heights, MN 55421
Residential Income, Columbia Heights, MN
Property Size1,536 SF
Lot Size0.17 Acres
Price / SF$221.29
Days on Market3
Property Features for 4429 Main Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Laundry Room, Bathroom 2, Basement, Bedroom 1, Bedroom 2
Parking features
Open, Garage - Detached, Driveway
Patio and Porch features
Patio
Fencing
Chain Link
High school district
Columbia Heights
Directions
Hwy 47, west on 44th, north on Main
Standard status
Active
APN
353024220091
Size
1,536 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5782
Utilities
Heating system
Forced Air
Amenities
shared laundry room
off-street parking
garage
fenced backyard
Building Details
Year built
1961
Building materials
Block
Buildings
1
Listing Agency:
RE/MAX Results · RE/MAX International
(612) 314-1520
Listed By:
Myrna L Bourcy
(952) 829-2900
Added: Oct 23
Last Checked: Oct 25 at 7:06PM
MLS# 7161486
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex, built in 1961, has a two-bedroom main-floor unit and a one-bedroom lower-level unit. Laundry is shared downstairs. Each residence has separate heat, central air conditioning, and 100-amp electric service.
The 0.17-acre property includes a detached two-car garage, driveway and open parking, a patio, and a chain-link-fenced backyard. The building has block construction.
The 0.17-acre property includes a detached two-car garage, driveway and open parking, a patio, and a chain-link-fenced backyard. The building has block construction.
Key Highlights
- Two‑unit layout: two‑bedroom main‑floor residence and one‑bedroom lower‑level residence
- 1,536 square feet on a 0.17‑acre lot
- Separate heat, central air, and 100‑amp electric service for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,024
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,480
$380.5K
Cap Rate 7%
$271,771
$271.8K
Cap Rate 9%
$211,378
$211.4K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$29.1K $18.96/SF
− Vacancy
−$1.9K −$1.27/SF
EGI
$27.2K $17.69/SF
− OpEx
−$8.2K −$5.31/SF
NOI
$19.0K $12.39/SF
Area
Anoka County, MN
Vacancy
6.68%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,480
Cap Rate 7%
$271,771
Cap Rate 9%
$211,378
Alternative Uses
Best Use
Multifamily LT 5
$271.8K
$237.8K – $317.1K
NOI $19,024 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$250.4K
$219.1K – $292.2K
NOI $17,530 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$426.7K
$373.3K – $497.8K
NOI $29,866 @ 7.0% cap · market cap 8.79%
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
185
Businesses Nearby
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Business Placement
Demographics for 55421, MN
30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
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 residences have separate heating, central air conditioning, and 100-amp electrical service.
Where is this duplex located?
The property is located at 4429 Main Street NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑unit layout: two‑bedroom main‑floor residence and one‑bedroom lower‑level residence; 1,536 square feet on a 0.17‑acre lot; Separate heat, central air, and 100‑amp electric service for each residence
