Duplex With Separate
For Sale
$400,000
4612 Bloomington Ave, Minneapolis, MN 55407
Flexible two-unit layout with independent utilities, a fenced yard, and a detached garage.
Property Size2,376 SF
Price / SF$168.35
Days on Market55
Property Features for 4612 Bloomington Ave
General Information
Standard status
Active
Size
2,376 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
full season porch/foyer entrance
backyard deck
fully fenced in yard
four window air-conditioning units
original hardwood floors
Building Details
Year Built
1938
Buildings
1
Construction
stucco
Listing Agency:
Compass
Listed By:
Erik W Wood
(612) 708-6743
Source:
Homesearchlive
Added: Aug 12
Changed: Oct 2
Last Checked: Oct 4 at 12:26PM
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 Compass
Investment Insights
Based on property information with market context.
This 1938 stucco duplex combines two distinct living areas behind a shared full-season porch and foyer. Each side has its own exterior entrance, while the larger unit spans three levels with multiple bedrooms, a family room, kitchen, bathrooms, and a lower-level office. The other unit offers an open living and dining area, kitchen, full bathroom, and bedroom on one level. Total property size is 2,376 square feet.
Separate electric and gas meters, water heaters, and boilers support independent operation of each unit. The property also includes four window air-conditioning units, original hardwood flooring beneath carpeting in portions of the main level, a fully fenced yard, and a detached two-car garage. A rear shared hallway provides access to the exterior and lower level. Minnehaha Parkway, Lake Nokomis, Hiawatha, and local bakeries, eateries, and coffee shops are within walking distance.
Separate electric and gas meters, water heaters, and boilers support independent operation of each unit. The property also includes four window air-conditioning units, original hardwood flooring beneath carpeting in portions of the main level, a fully fenced yard, and a detached two-car garage. A rear shared hallway provides access to the exterior and lower level. Minnehaha Parkway, Lake Nokomis, Hiawatha, and local bakeries, eateries, and coffee shops are within walking distance.
Key Highlights
- 2,376 square feet total property size
- 1938 stucco duplex with two independently entered sides
- Separate electric and gas meters, water heaters, and boilers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,715
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,300
$694.3K
Cap Rate 7%
$495,929
$495.9K
Cap Rate 9%
$385,722
$385.7K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$52.7K $22.20/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$49.6K $20.87/SF
− OpEx
−$14.9K −$6.26/SF
NOI
$34.7K $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%
$694,300
Cap Rate 7%
$495,929
Cap Rate 9%
$385,722
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.6K
NOI $34,715 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.4K
NOI $31,885 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$566.9K
$496.0K – $661.3K
NOI $39,680 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-unit layout with independent utilities, a fenced yard, and a detached garage.
Where is this duplex located?
The property is located at 4612 Bloomington Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,376 square feet total property size; 1938 stucco duplex with two independently entered sides; Separate electric and gas meters, water heaters, and boilers
