Updated Two-Story
New
For Sale
$289,900
5036 N 6th Street, Minneapolis, MN 55430
Residential Income, Minneapolis, MN
Property Size1,568 SF
Lot Size0.15 Acres
Price / SF$184.89
Days on Market1
Property Features for 5036 N 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Basement, Laundry Room, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking features
Garage - Detached
Patio and Porch features
Porch
Subdivision
Jenny Lind Homes Tr 1
High school district
Minneapolis
Directions
49th Ave N to 6th St N, North to home.
Standard status
Active
APN
1211821130028
Size
1,568 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5848
Utilities
Heating system
Forced Air
Building Details
Year built
1948
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 848-2400
Listed By:
Michael J Gross · License #40328060
(952) 829-2900
Added: Oct 16
Last Checked: Oct 16 at 12:06PM
MLS# 7160857
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.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two stories and 1,568 square feet across a 0.148-acre lot. Interior work includes refreshed paint, remodeled bathrooms, one renovated kitchen, refinished flooring throughout, and new LVP flooring in the south unit. The exterior has also been repainted. Built in 1948, the property has block and concrete construction, forced-air heating, a shingle roof, a porch, and a detached garage. Both units are vacant and can be occupied by an owner or rented to new residents.
Key Highlights
- Two‑story, side‑by‑side duplex with 1,568 square feet
- 0.148‑acre lot
- Updates include remodeled bathrooms, one remodeled kitchen, refinished floors, and new LVP in the south unit
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 55430, MN
24,058
Population
8,098
Households
3
Avg Household Size
33
Median Age
29%
College-Educated
90%
High-School Grad
5.9 sq mi
ZIP Area
4,078
Density / Sq Mi
$77,385
Median Household Income
$41,418
Median Earnings
$1,370
Median Rent
$243,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, allowing a new owner to occupy or lease the units.
Where is this duplex located?
The property is located at 5036 N 6th Street 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 with 1,568 square feet; 0.148‑acre lot; Updates include remodeled bathrooms, one remodeled kitchen, refinished floors, and new LVP in the south unit
