Duplex with Separate
For Sale
$625,000
4565 Toledo Avenue N, Robbinsdale, MN 55422
Residential Income, Robbinsdale, MN
Property Size4,851 SF
Lot Size0.50 Acres
Price / SF$128.84
Days on Market8
Property Features for 4565 Toledo Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family, Residential-Single Family
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 9, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 5, Bedroom 3, Bathroom 6, Bathroom 2, Basement, Bedroom 8, Bedroom 4, Bedroom 2
Parking features
Garage, Driveway
Patio and Porch features
Deck, Patio
Subdivision
North Lilac Terrace
Lot features
Tree Coverage - Medium
High school district
Robbinsdale
Directions
42ND AVE N THEN NORTH ON TOLEDO TO 4567
Standard status
Active
APN
0911821430087
Size
4,851 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6850
Utilities
Heating system
Forced Air, Oil, Baseboard
Amenities
wood-burning fireplace
oak hardwood floors
solid oak cabinetry
pantry
included appliances
second-story deck
separate lower-level guest suite with full bath
soundproof recording booth
main-level laundry
hydronic baseboard heat
central air
whole-home standby generator
two decks
circular paved backyard fire pit
raised fireplace on the apartment patio
Building Details
Year built
1981
Building materials
Block
Roof type
Shingle
Listing Agency:
eHouse Realty, Inc
(612) 440-7917
Listed By:
Benjamin S Hoffman
(612) 328-7917
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 14 at 5:06PM
MLS# 7156774
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.
The 4,851-square-foot property includes a 7-bedroom, 5-bathroom main residence and a separately zoned, permitted 2-bedroom, 1-bathroom apartment above the garage. The apartment has separate utility meters and its own address. Interior spaces include formal living and dining rooms, a den, an amusement room, and a lower-level guest suite with a full bath. The family room has a wood-burning fireplace, and oak floors run through several main living areas. A spacious kitchen includes oak cabinetry, a pantry, and appliances. Additional features include a primary suite with a walk-in closet and second-story deck, main-level laundry, central air, hydronic baseboard heat, and a whole-home standby generator. The heated, insulated garage accommodates three cars.
Set on 0.5 acre, the property also has two decks, a paved backyard fire pit, and a fireplace on the apartment patio. Welcome Park is within walking distance. Downtown Robbinsdale is approximately 1/2 mile away, and the Crystal Lake and Twin Lakes Regional Bike Trails are less than 1/2 mile away, with paved connections to Crystal Lake and the Minneapolis Grand Rounds.
Set on 0.5 acre, the property also has two decks, a paved backyard fire pit, and a fireplace on the apartment patio. Welcome Park is within walking distance. Downtown Robbinsdale is approximately 1/2 mile away, and the Crystal Lake and Twin Lakes Regional Bike Trails are less than 1/2 mile away, with paved connections to Crystal Lake and the Minneapolis Grand Rounds.
Key Highlights
- Two dwellings: a 7‑bedroom, 5‑bathroom main home and a permitted 2‑bedroom, 1‑bathroom apartment
- Apartment is separately zoned, has its own address, and is separately metered
- 4,851 square feet on a 0.5‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,700
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,000
$1.1M
Cap Rate 7%
$810,000
$810.0K
Cap Rate 9%
$630,000
$630.0K
Market Conditions
NOI Build-Up for 4,851 SF
Gross rent
$109.4K $22.56/SF
− Vacancy
−$6.3K −$1.31/SF
EGI
$103.1K $21.25/SF
− OpEx
−$46.4K −$9.56/SF
NOI
$56.7K $11.69/SF
Area
Hennepin County, MN
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,000
Cap Rate 7%
$810,000
Cap Rate 9%
$630,000
Alternative Uses
Best Use
Multifamily LT 5
$898.1K
$785.8K – $1.05M
NOI $62,865 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$810.0K
$708.8K – $945.0K
NOI $56,700 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,014 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 55422, MN
29,290
Population
13,082
Households
2.2
Avg Household Size
40
Median Age
46%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
3,446
Density / Sq Mi
$91,173
Median Household Income
$55,759
Median Earnings
$1,576
Median Rent
$314,200
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 - The permitted upper-level unit has separate utility meters and its own address.
Where is this duplex located?
The property is located at 4565 Toledo Avenue N Robbinsdale, MN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two dwellings: a 7‑bedroom, 5‑bathroom main home and a permitted 2‑bedroom, 1‑bathroom apartment; Apartment is separately zoned, has its own address, and is separately metered; 4,851 square feet on a 0.5‑acre lot
