Duplex with
For Sale
$750,000
4517 Aldrich Avenue S, Minneapolis, MN 55419
Residential Income, Minneapolis, MN
Property Size3,060 SF
Lot Size0.12 Acres
Price / SF$245.10
Days on Market14
Property Features for 4517 Aldrich Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 2, Bedroom 3, Bedroom 6, Laundry Room, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5
Parking features
Garage - Detached
Patio and Porch features
Deck
Subdivision
Remingtons 3rd Add
Lot features
Public Transit (w/in 6 blks)
High school district
Minneapolis
Directions
Lyndale to 45th then south to destination
Standard status
Active
APN
0902824440113
Size
3,060 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12679
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1924
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Maia Hope Poling
(415) 806-3412
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 5 at 7:06PM
MLS# 7146953
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.
Investment Insights
Based on property information with market context.
Built in 1924, this 3,060-square-foot duplex has an upper and a lower residence, each with three bedrooms and one bathroom. Hardwood flooring, built-in cabinetry, wood trim, and a fireplace in each unit contribute to the interior character. The basement includes an additional bathroom. A detached garage and deck are also part of the property, which occupies a 0.12-acre lot and has hot water heating.
Lake Harriet, Linden Hills, and shops and restaurants along 46th and 50th streets are described as being a few blocks away.
Lake Harriet, Linden Hills, and shops and restaurants along 46th and 50th streets are described as being a few blocks away.
Key Highlights
- Two units arranged on separate upper and lower levels
- 3,060 square feet on a 0.12‑acre lot
- Each unit has 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,709
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,180
$894.2K
Cap Rate 7%
$638,700
$638.7K
Cap Rate 9%
$496,767
$496.8K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$67.9K $22.20/SF
− Vacancy
−$4.1K −$1.33/SF
EGI
$63.9K $20.87/SF
− OpEx
−$19.2K −$6.26/SF
NOI
$44.7K $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%
$894,180
Cap Rate 7%
$638,700
Cap Rate 9%
$496,767
Alternative Uses
Best Use
Multifamily LT 5
$638.7K
$558.9K – $745.2K
NOI $44,709 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$586.6K
$513.3K – $684.4K
NOI $41,064 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$730.1K
$638.8K – $851.7K
NOI $51,104 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 55419, MN
27,919
Population
12,119
Households
2.3
Avg Household Size
39
Median Age
72%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
6,647
Density / Sq Mi
$143,254
Median Household Income
$77,467
Median Earnings
$1,476
Median Rent
$479,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged residences each provide three bedrooms, a full bathroom, and period woodwork.
Where is this duplex located?
The property is located at 4517 Aldrich Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two units arranged on separate upper and lower levels; 3,060 square feet on a 0.12‑acre lot; Each unit has 3 bedrooms and 1 bathroom
