Two-Story
5036 N 6th St, Minneapolis, MN 55415
For Sale
$289,900
Two vacant residences offer flexibility for leasing or owner occupancy.
Property Size1,568 SF
Price / SF$184.89
Days on Market25
Property Features for 5036 N 6th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Stories
Listing Agency:
RE/MAX Results
(952) 848-2400
Listed By:
Michael J Gross · License #40328060
(612) 386-0284
Source:
Exprealty
Added: Oct 16
Changed: Nov 5
Last Checked: Nov 8 at 7:36AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 1,568 square feet across two stories. Both residences are vacant, allowing a new owner to lease them or occupy one or both units.
Updates completed in 2026 include a replacement roof, fresh interior and exterior paint, renovated bathrooms, and refinished flooring throughout. One kitchen was remodeled, and the south unit received new LVP flooring.
Updates completed in 2026 include a replacement roof, fresh interior and exterior paint, renovated bathrooms, and refinished flooring throughout. One kitchen was remodeled, and the south unit received new LVP flooring.
Key Highlights
- Two‑story, side‑by‑side duplex totaling 1,568 square feet
- Both units vacant and available for leasing or owner occupancy
- 2026 work includes a new roof and fresh interior and exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,910
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,200
$458.2K
Cap Rate 7%
$327,286
$327.3K
Cap Rate 9%
$254,556
$254.6K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$34.8K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$32.7K $20.87/SF
− OpEx
−$9.8K −$6.26/SF
NOI
$22.9K $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%
$458,200
Cap Rate 7%
$327,286
Cap Rate 9%
$254,556
Alternative Uses
Best Use
Multifamily LT 5
$327.3K
$286.4K – $381.8K
NOI $22,910 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$300.6K
$263.0K – $350.7K
NOI $21,042 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$374.1K
$327.3K – $436.4K
NOI $26,186 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 55415, MN
5,435
Population
3,124
Households
1.7
Avg Household Size
37
Median Age
70%
College-Educated
96%
High-School Grad
0.4 sq mi
ZIP Area
13,588
Density / Sq Mi
$126,480
Median Household Income
$75,568
Median Earnings
$1,836
Median Rent
$581,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer flexibility for leasing or owner occupancy.
Where is this duplex located?
The property is located at 5036 N 6th St Minneapolis, MN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑story, side‑by‑side duplex totaling 1,568 square feet; Both units vacant and available for leasing or owner occupancy; 2026 work includes a new roof and fresh interior and exterior paint
