4620 4th Avenue S, Minneapolis, MN 55419
MULTI_FAMILY - Minneapolis, MN
- Added:
- Apr 29, 2026
- Days on Market:
- 68
- Last Refresh:
- Jul 5 at 6:06 pm
Property Features for 4620 4th Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bathroom 1
- Parking features
- Driveway, Carport, Covered
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 1502824110062
- Size
- 1,260 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5703
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1946
- Roof type
- Shingle
Listing agent Jason Spars (612) 821-7400
Listing office Keller Williams Realty Integrity Lakes 800 N Washington Ave N Ste 460, Minneapolis, MN (612) 821-7400
Listing date Apr 29, 2026
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.
HighLights
- Side‑by‑side duplex built in 1946 with each unit featuring 1 bedroom and 1 bathroom
- One side is tenant‑occupied at $1,275/month, and the other side is vacant for easy showings
- Private laundry on each side
- Recent updates include a new roof and updated electrical
- Vinyl exterior with forced‑air heating and shingle roof
- Parking includes a driveway plus covered parking and a carport
Overview
Located in South Minneapolis, the home is described as being just blocks from Minnehaha Creek. One side is currently tenant-occupied at $1,275 per month, while the other side is vacant, allowing for straightforward showings.
The layout supports flexible ownership scenarios for an owner-occupant or an investor seeking a duplex with independently usable units. With a tenant already in place on one side and the other side available, the property can accommodate both live-in and rental strategies while offering the benefit of the recent roof and electrical improvements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.0k | $22.20 |
| − Vacancy | −$1.7k | −$1.33 |
| EGI | $26.3k | $20.87 |
| − OpEx | −$7.9k | −$6.26 |
| NOI | $18.4k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.27063
- Latitude
- 44.919024
