Two-Unit Duplex with
For Sale
$339,900
4429 Main St Ne, Columbia Heights, MN 55455
Separate heating, central air, and 100-amp electric service serve each residence.
Property Size1,536 SF
Price / SF$221.29
Days on Market9
Property Features for 4429 Main St Ne
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Gross Income
$14,400
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,781
Amenities
shared laundry
fenced yard
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
RE/MAX Results
(612) 314-1520
Listed By:
Myrna L Bourcy · License #214074
(612) 868-9261
Source:
Exprealty
Added: Oct 23
Changed: Oct 31
Last Checked: Oct 31 at 3:32AM
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 RE/MAX Results
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex has a two-bedroom main-floor residence and a one-bedroom lower-level unit. Laundry is shared downstairs, while each residence has separate heating, central air, and 100-amp electric service. A two-car garage includes a garage door opener and a service door; additional off-street parking is also available. The backyard is enclosed with chain-link fencing.
The property is at 4429 Main St NE in Columbia Heights, Minnesota.
The property is at 4429 Main St NE in Columbia Heights, Minnesota.
Key Highlights
- Two residences: a two‑bedroom main‑floor unit and a one‑bedroom lower‑level unit
- 1,536 square feet
- Separate heat, central air, and 100‑amp electric service for each unit
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 55455, MN
4,912
Population
5
Households
982.4
Avg Household Size
19
Median Age
57%
College-Educated
100%
High-School Grad
0.5 sq mi
ZIP Area
9,824
Density / Sq Mi
$5,421
Median Earnings
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate heating, central air, and 100-amp electric service serve each residence.
Where is this duplex located?
The property is located at 4429 Main St 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 residences: a two‑bedroom main‑floor unit and a one‑bedroom lower‑level unit; 1,536 square feet; Separate heat, central air, and 100‑amp electric service for each unit
