Duplex Near Lake
For Sale
$710,000
5004 Logan Avenue S, Minneapolis, MN 55419
Charming Minneapolis duplex near Minnehaha Parkway and Lake Harriet.
Property Size3,387 SF
Lot Size0.12 Acres
Days on Market407
Property Features for 5004 Logan Avenue S
General Information
Standard status
Active
Size
3,387 SF
Lot size
0.12 Acres
Property subtype
Duplex
Amenities
Forced Air
Radiant Floor
Dishwasher
Range
Stainless Steel Appliances
Age 8 Years or Less, Asphalt
Building Details
Building Size
3,387 SF
Year Built
1948
Listing Agency:
Fargo-Moorhead
Listed By:
Perry Hurth
(612) 741-6425
Source:
Kw
Added: Aug 26, 2025
Changed: Sep 26
Last Checked: Oct 5 at 3:14PM
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 Fargo-Moorhead
Investment Insights
Based on property information with market context.
This up-and-down duplex is located a half block from Minnehaha Parkway and two blocks from Lake Harriet. Both units feature identical layouts with old-world charm and modern updates. Details include hardwood floors, gas fireplaces, granite counters, and stainless steel appliances. The units also have nice-sized bedrooms and a new front east-facing porch. A bonus garden-level unit is completely updated with another bedroom and heated bathroom flooring. The property is near shops, restaurants, schools and a church. It is located in Minneapolis' most sought-after neighborhoods.
Key Highlights
- Prime location: Half block to Minnehaha Parkway and two blocks to Lake Harriet.
- Up‑and‑down duplex: Ideal for investors or owner‑occupants seeking rental income.
- Identical unit layouts: Showcasing old‑world charm with modern updates.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,486
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,720
$989.7K
Cap Rate 7%
$706,943
$706.9K
Cap Rate 9%
$549,844
$549.8K
Market Conditions
NOI Build-Up for 3,387 SF
Gross rent
$75.2K $22.20/SF
− Vacancy
−$4.5K −$1.33/SF
EGI
$70.7K $20.87/SF
− OpEx
−$21.2K −$6.26/SF
NOI
$49.5K $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 Rate 5%
$989,720
Cap Rate 7%
$706,943
Cap Rate 9%
$549,844
Alternative Uses
Best Use
Multifamily LT 5
$706.9K
$618.6K – $824.8K
NOI $49,486 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$649.3K
$568.2K – $757.6K
NOI $45,453 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,565 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 55419, MN
27,919
Population
12,119
Households
2.3
Avg Household Size
39
Median Age
72%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
6,647
Density / Sq Mi
$143,254
Median Household Income
$77,467
Median Earnings
$1,476
Median Rent
$479,000
Median Home Value
Check the figures for this property
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 - Charming Minneapolis duplex near Minnehaha Parkway and Lake Harriet.
Where is this duplex located?
The property is located at 5004 Logan Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Prime location: Half block to Minnehaha Parkway and two blocks to Lake Harriet.; Up‑and‑down duplex: Ideal for investors or owner‑occupants seeking rental income.; Identical unit layouts: Showcasing old‑world charm with modern updates.
