5001 Thomas Avenue S, Minneapolis, MN 55410
MULTI_FAMILY - Minneapolis, MN
- Added:
- Apr 9, 2026
- Days on Market:
- 83
- Last Refresh:
- Jun 30 at 3:06 am
Property Features for 5001 Thomas Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Basement, Bathroom 2, Bathroom 1
- Parking features
- Garage - Attached, Driveway, Open, Garage
- Exterior features
- Metal, Vinyl
- Standard status
- Active
- APN
- 1702824410108
- Size
- 1,730 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7961
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1941
- Roof type
- Shingle
Listing agent Jason Walgrave License #MN 20359201 (952) 226-7700
Listing office RE/MAX Advantage Plus 13875 Hwy 13 Suite 100, Savage, MN (952) 226-7700
Listing date Apr 9, 2026
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.
HighLights
- Duplex built in 1941 with metal and vinyl exterior and a shingle roof
- Each unit has 1 bedroom and 1 bathroom
- Hardwood floors and bright kitchen with adjoining dining area in both units
- Sunroom in each unit
- Shared basement laundry plus ample storage
- Separate attached garages and driveways; parking includes open driveway and garage
Overview
Located at 5001 Thomas Avenue S in Southwest Minneapolis, the home is positioned for an outdoor-focused lifestyle, with Lake Harriet and Bde Maka Ska just minutes away. Scenic trails and neighborhood parks are also nearby, supporting regular walking, recreation, and easy local access.
For buyers, the configuration provides practical flexibility: an owner-occupant can live in one unit while renting the other, or an investor can consider renting one or both. With consistent unit layouts and in-unit living features like sunrooms, it’s well suited to tenants seeking comfortable, functional space alongside shared basement laundry for the building.
Local 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 | $38.4k | $22.20 |
| − Vacancy | −$2.3k | −$1.33 |
| EGI | $36.1k | $20.87 |
| − OpEx | −$10.8k | −$6.26 |
| NOI | $25.3k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.313416
- Latitude
- 44.912264
