Updated Duplex with Three-Car
49 91st Ln NE Blaine, MN 55434
For Sale
Contact for pricing
Brick/stucco up-and-down duplex with 3-bedroom and 2-bedroom units plus a detached three-car garage and recent updates.
Property Size1,820 SF
Price / SF$247.20
Days on Market8
Property Features for 49 91st Ln NE
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Multifamily
Building Details
Year Built
1961
Listing Agency:
Keller Williams Classic Realty
(763) 746-4900
Listed By:
Joel Friday · License #20538434
Source:
Crexi
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 29 at 3:53AM
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 Keller Williams Classic Realty
Investment Insights
Based on property information with market context.
Turnkey up-and-down duplex with a durable, low-maintenance brick/stucco exterior and a detached three-car garage. The property is configured with a three-bedroom unit and a two-bedroom unit. Recent improvements include updated appliances, flooring, carpet, paint, lighting, plumbing fixtures, windows, and a new boiler, supporting a move-in ready, easy-to-maintain operation.
Set in a quiet neighborhood surrounded by single-family homes, the duplex is close to schools, parks, trails, highways, shopping, and dining, with Northtown Mall nearby.
For a straightforward two-unit setup, this updated duplex offers a clean, functional layout with separate bedroom configurations across the upper and lower levels.
Set in a quiet neighborhood surrounded by single-family homes, the duplex is close to schools, parks, trails, highways, shopping, and dining, with Northtown Mall nearby.
For a straightforward two-unit setup, this updated duplex offers a clean, functional layout with separate bedroom configurations across the upper and lower levels.
Key Highlights
- Up‑and‑down duplex built in 1961 with brick/stucco exterior
- Unit mix: 3‑bedroom unit and 2‑bedroom unit
- Detached three‑car garage
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 | $34.5k | $18.96 |
| − Vacancy | −$2.3k | −$1.27 |
| EGI | $32.2k | $17.69 |
| − OpEx | −$9.7k | −$5.31 |
| NOI | $22.5k | $12.39 |
1,820 SF · lease $18.96/SF/yr · vacancy 6.68% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.0K
$281.8K – $375.7K
NOI $22,541 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$296.7K
$259.7K – $346.2K
NOI $20,772 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$505.5K
$442.4K – $589.8K
NOI $35,388 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Brick/stucco up-and-down duplex with 3-bedroom and 2-bedroom units plus a detached three-car garage and recent updates.
Where is this duplex located?
The property is located at 49 91st Ln NE Blaine, MN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Up‑and‑down duplex built in 1961 with brick/stucco exterior; Unit mix: 3‑bedroom unit and 2‑bedroom unit; Detached three‑car garage
