Updated Duplex with Detached
49 91st Lane NE Blaine, MN 55434
New
For Sale
$449,900
MULTI_FAMILY - Blaine, MN
Property Size1,820 SF
Lot Size0.23 Acres
Price / SF$247.20
Days on Market4
Property Features for 49 91st Lane NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 5, Bedroom 3, Basement, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1
- Parking features
- Garage - Detached, Driveway
- Exterior features
- Brick/Stone, Stucco
- 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
- Oil, Baseboard
Building Details
- Year built
- 1961
- Roof type
- Shingle
Listing Agency:
Keller Williams Classic Realty
(763) 746-4900
Listed By:
Joel D. Friday
(763) 746-4900
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 9:06PM
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.
Investment Insights
Based on property information with market context.
This updated up/down duplex offers a durable low-maintenance brick/stucco exterior and a detached three-car garage. The property includes 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.
Set on a quiet residential street surrounded by single-family homes, the duplex is positioned near schools, parks, trails, highways, shopping, dining, and Northtown Mall.
With its updated systems and finishes, the property is designed to be move-in ready and straightforward to maintain.
Set on a quiet residential street surrounded by single-family homes, the duplex is positioned near schools, parks, trails, highways, shopping, dining, and Northtown Mall.
With its updated systems and finishes, the property is designed to be move-in ready and straightforward to maintain.
Key Highlights
- Updated up/down duplex with a three‑bedroom unit and a two‑bedroom unit
- Brick/stone and stucco exterior with shingle roof
- Recent updates include appliances, flooring, carpet, paint, lighting, plumbing fixtures, windows, and new boiler
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex featuring brick/stucco exterior, two units, and a detached three-car garage.
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: Updated up/down duplex with a three‑bedroom unit and a two‑bedroom unit; Brick/stone and stucco exterior with shingle roof; Recent updates include appliances, flooring, carpet, paint, lighting, plumbing fixtures, windows, and new boiler
