Updated Two-Unit
New
For Sale
$875,000
5037/5039 Abbott Avenue S, Minneapolis, MN 55410
Residential Income, Minneapolis, MN
Property Size2,746 SF
Lot Size0.23 Acres
Price / SF$318.65
Days on Market1
Property Features for 5037/5039 Abbott Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family, Residential-Single Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Laundry Room, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 2
Parking features
Garage - Attached, Driveway
Patio and Porch features
Patio
Fencing
Chain Link
Fireplace
1
Subdivision
Steeles Lake Harriet Park Add
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
Minneapolis
Directions
50th to Abbott
Standard status
Active
APN
1702824310040
Size
2,746 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13403
Utilities
Heating system
Fireplace(s), Heat Pump (Heating), Oil
Building Details
Year built
1931
Roof type
Shingle, Rubber
Listing Agency:
Home Avenue Flat Fee Realty
(952) 929-7355
Listed By:
Amanda Athayde
(763) 473-1510
Added: Oct 6
Last Checked: Oct 6 at 5:06PM
MLS# 7152729
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 2,746-square-foot duplex, built in 1931, occupies a 0.23-acre lot. Improvements completed in 2025 include Pella fiberglass windows in the living and dining rooms of both residences, Mitsubishi mini-split systems with two heads per unit, architectural-shingle roofing, a new rubber garage roof, chimney work, and upgraded attic insulation with spray-foam air sealing. Exterior work included fresh paint, concrete walkways serving both units, and a new garage apron. The owner's residence also received a retiled shower and tub with new shower plumbing. An attached garage and driveway provide parking, and the property includes a patio. One residence is leased through April 2027.
The duplex is near the shops and restaurants at 50th & France, with Lake Harriet, Minnehaha Parkway, parks, and trails among the nearby amenities.
The duplex is near the shops and restaurants at 50th & France, with Lake Harriet, Minnehaha Parkway, parks, and trails among the nearby amenities.
Key Highlights
- 2,746‑square‑foot duplex on a 0.23‑acre lot
- Built in 1931; attached garage and driveway
- One residence leased through April 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,121
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,420
$802.4K
Cap Rate 7%
$573,157
$573.2K
Cap Rate 9%
$445,789
$445.8K
Market Conditions
NOI Build-Up for 2,746 SF
Gross rent
$61.0K $22.20/SF
− Vacancy
−$3.6K −$1.33/SF
EGI
$57.3K $20.87/SF
− OpEx
−$17.2K −$6.26/SF
NOI
$40.1K $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%
$802,420
Cap Rate 7%
$573,157
Cap Rate 9%
$445,789
Alternative Uses
Best Use
Multifamily LT 5
$573.2K
$501.5K – $668.7K
NOI $40,121 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$526.4K
$460.6K – $614.2K
NOI $36,851 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$655.1K
$573.3K – $764.3K
NOI $45,860 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
Explore this area
Business Placement
Demographics for 55410, MN
21,352
Population
8,685
Households
2.5
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
3.1 sq mi
ZIP Area
6,888
Density / Sq Mi
$144,973
Median Household Income
$77,518
Median Earnings
$1,622
Median Rent
$597,400
Median Home Value
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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 - One residence is leased through April 2027, providing rental income from the property.
Where is this duplex located?
The property is located at 5037/5039 Abbott Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,746‑square‑foot duplex on a 0.23‑acre lot; Built in 1931; attached garage and driveway; One residence leased through April 2027
