Two-Unit Duplex with Detached
For Sale
$449,900
49 91st Lane NE, Blaine, MN 55434
Residential Income, Blaine, MN
Property Size1,820 SF
Lot Size0.23 Acres
Price / SF$247.20
Days on Market95
Property Features for 49 91st Lane NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Garage - Detached, Driveway
High school district
Anoka-Hennepin
Directions
University Ave, E on 91st Lane, Home is on the left
Standard status
Active
APN
313123220006
Size
1,820 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4262
Utilities
Heating system
Baseboard, Oil
Building Details
Year built
1961
Roof type
Shingle
Listing Agency:
Keller Williams Classic Realty · Keller Williams Realty
Listed By:
Joel D. Friday
(763) 746-4900
Added: Jul 20
Changed: Oct 22
Last Checked: Oct 22 at 2:06PM
MLS# 7107807
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.
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Investment Insights
Based on property information with market context.
This up-and-down duplex contains two residences: one with three bedrooms and the other with two. The 1,820-square-foot building dates to 1961 and has a brick-and-stucco exterior, a shingle roof, and a detached three-car garage. The 0.23-acre property includes driveway parking. Heating is provided by baseboard units using oil.
The property is in Blaine, Minnesota, in a residential area described as surrounded by single-family homes. Schools, parks, trails, highways, shopping, dining, and Northtown Mall are nearby. Recent work includes appliances, flooring, carpet, paint, lighting, plumbing fixtures, windows, and a boiler.
The property is in Blaine, Minnesota, in a residential area described as surrounded by single-family homes. Schools, parks, trails, highways, shopping, dining, and Northtown Mall are nearby. Recent work includes appliances, flooring, carpet, paint, lighting, plumbing fixtures, windows, and a boiler.
Key Highlights
- Two‑unit up‑and‑down layout with three bedrooms in one residence and two in the other
- 1,820 square feet on a 0.23‑acre lot
- Detached three‑car garage and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,541
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,820
$450.8K
Cap Rate 7%
$322,014
$322.0K
Cap Rate 9%
$250,456
$250.5K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$34.5K $18.96/SF
− Vacancy
−$2.3K −$1.27/SF
EGI
$32.2K $17.69/SF
− OpEx
−$9.7K −$5.31/SF
NOI
$22.5K $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%
$450,820
Cap Rate 7%
$322,014
Cap Rate 9%
$250,456
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 55434, MN
31,776
Population
12,221
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
3,570
Density / Sq Mi
$88,163
Median Household Income
$45,682
Median Earnings
$1,703
Median Rent
$269,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate three- and two-bedroom residences sit within a brick-and-stucco exterior, with a detached garage for three vehicles.
Where is this duplex located?
The property is located at 49 91st Lane 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: Two‑unit up‑and‑down layout with three bedrooms in one residence and two in the other; 1,820 square feet on a 0.23‑acre lot; Detached three‑car garage and driveway parking
