Duplex with 2-Stall
New
For Sale
$450,000
50 Arthur Ave SE, Minneapolis, MN 55414
Two-unit property with separate heat and gas service for each residence.
Property Size2,290 SF
Price / SF$196.51
Days on Market6
Property Features for 50 Arthur Ave SE
General Information
Standard status
Active
Size
2,290 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
hardwood floors
built-in buffets
front porches
Building Details
Year Built
1911
Buildings
1
Listing Agency:
RE/MAX Results
Listed By:
Jason J Reed
(612) 332-9000
Source:
Homesearchlive
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 26 at 10:26AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This 2,290-square-foot Minneapolis duplex contains 6 bedrooms and 3 bathrooms, including an upper residence with 4 bedrooms and 1.5 bathrooms. Interior character comes from hardwood flooring, built-in buffets, and other architectural details. Front porches provide dedicated outdoor areas, while separate heat and gas service support each unit.
The property is located at 50 Arthur Ave SE, near the University of Minnesota and a light rail station. A newer 2-stall garage and 3 off-street parking spaces add functional site improvements. The duplex layout may accommodate either an owner-occupant arrangement or separate residential use, as described in the property information.
The property is located at 50 Arthur Ave SE, near the University of Minnesota and a light rail station. A newer 2-stall garage and 3 off-street parking spaces add functional site improvements. The duplex layout may accommodate either an owner-occupant arrangement or separate residential use, as described in the property information.
Key Highlights
- 6‑bedroom, 3‑bathroom duplex totaling 2,290 square feet
- Upper unit includes 4 bedrooms and 1.5 bathrooms
- Separate heat and gas service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,459
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$669,180
$669.2K
Cap Rate 7%
$477,986
$478.0K
Cap Rate 9%
$371,767
$371.8K
Market Conditions
NOI Build-Up for 2,290 SF
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.
Gross rent
$50.8K $22.20/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$47.8K $20.87/SF
− OpEx
−$14.3K −$6.26/SF
NOI
$33.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$669,180
Cap Rate 7%
$477,986
Cap Rate 9%
$371,767
Alternative Uses
Best Use
Multifamily LT 5
$478.0K
$418.2K – $557.7K
NOI $33,459 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$439.0K
$384.1K – $512.2K
NOI $30,731 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$546.3K
$478.1K – $637.4K
NOI $38,244 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,480
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate heat and gas service for each residence.
Where is this duplex located?
The property is located at 50 Arthur Ave SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6‑bedroom, 3‑bathroom duplex totaling 2,290 square feet; Upper unit includes 4 bedrooms and 1.5 bathrooms; Separate heat and gas service for each unit
