Duplex With Detached
New
For Sale
$450,000
50 Arthur Avenue SE, Minneapolis, MN 55414
Residential Income, Minneapolis, MN
Property Size2,290 SF
Lot Size0.11 Acres
Price / SF$196.51
Days on Market7
Property Features for 50 Arthur Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 1, Bathroom 2, Basement, Bedroom 4, Bedroom 2, Bedroom 3, Laundry Room, Bathroom 3, Bathroom 1, Bedroom 5
Parking features
Driveway, Garage - Detached
Patio and Porch features
Porch
Subdivision
Andrus Add To Prospect Park
Lot features
Tree Coverage - Medium
High school district
Minneapolis
Directions
University to Malcolm go south on Malcolm. Turn right on Orlin and a quick left on Arthur. The property is on your right. PARK IN THE BACK OF THE PROPERTY AS STREET PARKING IS SPARSE RIGHT NOW WITH ONGOING CONSTRUCTION.
Standard status
Active
APN
3002923420007
Size
2,290 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7732
Utilities
Heating system
Oil
Amenities
front porches
Building Details
Year built
1911
Building materials
Concrete
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Jason J Reed
(952) 829-2900
Added: Sep 20
Changed: Sep 24
Last Checked: Sep 26 at 11:06AM
MLS# 7142102
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 1911 duplex contains 2,290 square feet with 6 bedrooms and 3 bathrooms. The upper unit includes 4 bedrooms and 1.5 bathrooms, while the property’s layout offers distinct living spaces suited to owner-occupancy or rental use. Separate heat and gas serve each unit. Hardwood floors, built-in buffets, and other architectural details add character, with front porches providing outdoor space.
The property is located at 50 Arthur Avenue SE in Minneapolis, near the University of Minnesota and a light rail station. A newer detached 2-stall garage, driveway, and 3 off-street parking spaces provide parking capacity. The 0.11-acre property was built with concrete construction and uses oil heating.
The property is located at 50 Arthur Avenue SE in Minneapolis, near the University of Minnesota and a light rail station. A newer detached 2-stall garage, driveway, and 3 off-street parking spaces provide parking capacity. The 0.11-acre property was built with concrete construction and uses oil heating.
Key Highlights
- 2,290‑square‑foot duplex with 6 bedrooms and 3 bathrooms
- Upper unit includes 4 bedrooms and 1.5 bathrooms
- Separate heat and gas 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
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with separate utilities, classic interior details, porches, and convenient access to nearby transit and university facilities.
Where is this duplex located?
The property is located at 50 Arthur Avenue 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: 2,290‑square‑foot duplex with 6 bedrooms and 3 bathrooms; Upper unit includes 4 bedrooms and 1.5 bathrooms; Separate heat and gas for each unit
