Two-Unit Duplex with In-Unit
New
For Sale
$349,000
517 7th Street E, Hastings, MN 55033
Residential Income, Hastings, MN
Property Size1,616 SF
Lot Size0.21 Acres
Price / SF$215.97
Days on Market1
Property Features for 517 7th Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Laundry Room, Basement, Bedroom 4, Bedroom 3, Bathroom 2
Parking features
Driveway
Patio and Porch features
Porch
Subdivision
Town Of Hastings
High school district
Hastings
Directions
From Hwy 61, go East onto 7th St, Property on Left
Standard status
Active
APN
193215134070
Size
1,616 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3154
Utilities
Heating system
Ductless (Heating), Forced Air
Amenities
in-unit laundry
gas fireplace
Building Details
Year built
1860
Building materials
Frame
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(715) 273-4077
Listed By:
Jason Mcgrath
(952) 829-2900
Added: Oct 5
Last Checked: Oct 5 at 8:06PM
MLS# 7155132
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 1,616-square-foot duplex in Hastings contains a three-bedroom main-level apartment and a one-bedroom upper unit. Both residences have a full bathroom and in-unit laundry; the main-level apartment also includes a gas fireplace. The property was built in 1860 and has frame construction, a shingle roof, a porch, and driveway parking.
Improvements completed in 2022 included replacement windows and front door, laminate flooring, kitchen cabinets, and appliances. The exterior has low-maintenance siding. The parcel comprises 0.211 acres.
Improvements completed in 2022 included replacement windows and front door, laminate flooring, kitchen cabinets, and appliances. The exterior has low-maintenance siding. The parcel comprises 0.211 acres.
Key Highlights
- Two units: a three‑bedroom main‑level apartment and a one‑bedroom upper apartment
- Each unit has a full bathroom and in‑unit laundry
- 2022 improvements included windows, front door, laminate flooring, kitchen cabinets, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,611
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,220
$472.2K
Cap Rate 7%
$337,300
$337.3K
Cap Rate 9%
$262,344
$262.3K
Market Conditions
NOI Build-Up for 1,616 SF
Gross rent
$35.9K $22.20/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$33.7K $20.87/SF
− OpEx
−$10.1K −$6.26/SF
NOI
$23.6K $14.61/SF
Area
Dakota County, 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%
$472,220
Cap Rate 7%
$337,300
Cap Rate 9%
$262,344
Alternative Uses
Best Use
Multifamily LT 5
$337.3K
$295.1K – $393.5K
NOI $23,611 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$309.8K
$271.1K – $361.4K
NOI $21,686 @ 7.0% cap · market cap 6.21%
Theoretical Best
Healthcare Medical
$397.7K
$348.0K – $464.0K
NOI $27,837 @ 7.0% cap · market cap 7.98%
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
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 55033, MN
29,701
Population
11,884
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
144.3 sq mi
ZIP Area
206
Density / Sq Mi
$102,026
Median Household Income
$55,060
Median Earnings
$1,174
Median Rent
$335,800
Median Home Value
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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 - The main-level residence includes three bedrooms and a gas fireplace, while the upper apartment has one bedroom.
Where is this duplex located?
The property is located at 517 7th Street E Hastings, MN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two units: a three‑bedroom main‑level apartment and a one‑bedroom upper apartment; Each unit has a full bathroom and in‑unit laundry; 2022 improvements included windows, front door, laminate flooring, kitchen cabinets, and appliances
