Duplex with Three Living
4524 Fillmore Street NE, Columbia Heights, MN 55421
For Sale
$424,900
Two upper residences and a separate lower-level space provide flexible living and rental configurations.
Property Size2,970 SF
Price / SF$143.06
Days on Market49
Property Features for 4524 Fillmore Street NE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
basement storage
laundry
Building Details
Year Built
Listing Agency:
Lakes Area Realty
Listed By:
The Antonov Group
(612) 445-4981
Source:
Theantonovgroup
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 8 at 6:08AM
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 Lakes Area Realty
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 2,970-square-foot duplex, built in 1960, includes two separate upper-level residences. Each upper unit has 2 bedrooms, 1 bathroom, a living room, a kitchen, and access to basement storage and laundry. A distinct lower-level living area adds 2 bedrooms, a kitchen, a living area, and a bathroom, subject to applicable city and zoning requirements.
The property is located at 4524 Fillmore Street NE in Columbia Heights, Minnesota. Recent property updates include a new roof and a newer boiler. There is no central air conditioning; cooling is provided by window A/C units. The three separate living areas support a range of owner-occupant and rental arrangements, with final use subject to applicable requirements.
The property is located at 4524 Fillmore Street NE in Columbia Heights, Minnesota. Recent property updates include a new roof and a newer boiler. There is no central air conditioning; cooling is provided by window A/C units. The three separate living areas support a range of owner-occupant and rental arrangements, with final use subject to applicable requirements.
Key Highlights
- 2,970‑square‑foot duplex at 4524 Fillmore Street NE, Columbia Heights, MN 55421
- Two upper‑level units, each with 2 bedrooms and 1 bathroom
- Separate lower‑level living area with 2 bedrooms, kitchen, living area, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,785
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,700
$735.7K
Cap Rate 7%
$525,500
$525.5K
Cap Rate 9%
$408,722
$408.7K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$56.3K $18.96/SF
− Vacancy
−$3.8K −$1.27/SF
EGI
$52.5K $17.69/SF
− OpEx
−$15.8K −$5.31/SF
NOI
$36.8K $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%
$735,700
Cap Rate 7%
$525,500
Cap Rate 9%
$408,722
Alternative Uses
Best Use
Multifamily LT 5
$525.5K
$459.8K – $613.1K
NOI $36,785 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$484.2K
$423.7K – $565.0K
NOI $33,897 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$825.0K
$721.9K – $962.5K
NOI $57,748 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two upper residences and a separate lower-level space provide flexible living and rental configurations.
Where is this duplex located?
The property is located at 4524 Fillmore Street NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 2,970‑square‑foot duplex at 4524 Fillmore Street NE, Columbia Heights, MN 55421; Two upper‑level units, each with 2 bedrooms and 1 bathroom; Separate lower‑level living area with 2 bedrooms, kitchen, living area, and bathroom
