Two-Unit Duplex with Covered
For Sale
$209,900
519 S 9th Street, Brainerd, MN 56401
Residential Income, Brainerd, MN
Property Size1,408 SF
Lot Size0.13 Acres
Price / SF$149.08
Days on Market186
Property Features for 519 S 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family, Residential-Single Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Basement, Bathroom 2
Parking features
Covered, Driveway
Exterior features
Vinyl
Subdivision
Town Of Brainerd & First Add Bra
Lot features
Zero Lot Line
High school district
Brainerd
Directions
South 6th Street to East on Oak Street to North on S 9th Street to the property
Standard status
Active
APN
41240987
Size
1,408 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1426
Utilities
Heating system
Baseboard, Forced Air
Amenities
washer/dryer
Building Details
Year built
1888
Building materials
Frame
Listing Agency:
Keller Williams Realty Professionals
(218) 454-4300
Listed By:
Jamie Magness
(218) 838-4095
Added: Apr 3
Changed: Sep 24
Last Checked: Oct 5 at 2:06PM
MLS# 7043027
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 duplex contains 1,408 square feet within an upper residence and a lower residence. The upper unit has two bedrooms, a full bathroom, laminate hardwood flooring, a stackable washer/dryer, and a gas wall-mounted heater. The lower unit provides one bedroom, a full bathroom, new flooring and carpet, a new refrigerator, tile countertops, and washer/dryer equipment. Forced-air and baseboard heating serve the property, which has frame construction and vinyl exterior finishes.
Built in 1888, the property occupies a 0.13-acre lot at 519 S 9th Street in Brainerd, Minnesota. Parking is provided by a driveway with covered parking. The separate residential layouts and two full bathrooms support the building’s duplex configuration.
Built in 1888, the property occupies a 0.13-acre lot at 519 S 9th Street in Brainerd, Minnesota. Parking is provided by a driveway with covered parking. The separate residential layouts and two full bathrooms support the building’s duplex configuration.
Key Highlights
- 1,408‑square‑foot duplex on a 0.13‑acre lot
- Upper unit includes 2 bedrooms and a full bath
- Lower unit includes 1 bedroom and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,853
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,060
$257.1K
Cap Rate 7%
$183,614
$183.6K
Cap Rate 9%
$142,811
$142.8K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$19.4K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.4K $13.04/SF
− OpEx
−$5.5K −$3.91/SF
NOI
$12.9K $9.13/SF
Area
Crow Wing County, MN
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,060
Cap Rate 7%
$183,614
Cap Rate 9%
$142,811
Alternative Uses
Best Use
Multifamily LT 5
$183.6K
$160.7K – $214.2K
NOI $12,853 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$164.0K
$143.5K – $191.3K
NOI $11,477 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$298.9K
$261.6K – $348.7K
NOI $20,924 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 56401, MN
30,632
Population
16,038
Households
1.9
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
322.6 sq mi
ZIP Area
95
Density / Sq Mi
$70,269
Median Household Income
$40,172
Median Earnings
$918
Median Rent
$237,900
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 - Separate upper and lower residences offer distinct layouts, laundry appliances, full baths, and updated finishes.
Where is this duplex located?
The property is located at 519 S 9th Street Brainerd, MN.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,408‑square‑foot duplex on a 0.13‑acre lot; Upper unit includes 2 bedrooms and a full bath; Lower unit includes 1 bedroom and a full bath
