Two-Bedroom
5337 Minnehaha Avenue, Minneapolis, MN 55417
For Sale
$315,000
Residential Income, Minneapolis, MN
Property Size1,340 SF
Lot Size0.14 Acres
Price / SF$235.07
Days on Market12
Property Features for 5337 Minnehaha Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Building materials
Roof type
Listing Agency:
Keller Williams Preferred Rlty · Keller Williams Realty
Listed By:
The Huerkamp Home Group
(952) 746-9696
Added: Oct 29
Changed: Nov 4
Last Checked: Nov 9 at 7:06AM
MLS# 7166631
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 1,340-square-foot duplex, built in 1950, has two bedrooms, two bathrooms, a living room, an eat-in kitchen, and a laundry room. Block construction and a shingle roof are listed. Recent equipment replacements include the water heater, HVAC system, and oven. The property sits on a 0.14-acre lot with a yard and mature trees.
Minnehaha Avenue provides access to the Blue Line, Minnehaha Park, Minneapolis-Saint Paul International Airport, and Mall of America. Parking includes an assigned space and a driveway.
Minnehaha Avenue provides access to the Blue Line, Minnehaha Park, Minneapolis-Saint Paul International Airport, and Mall of America. Parking includes an assigned space and a driveway.
Key Highlights
- 1,340‑square‑foot duplex with two bedrooms and two bathrooms
- 0.14‑acre lot with a yard and mature trees
- Water heater, HVAC system, and oven have been replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,578
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,560
$391.6K
Cap Rate 7%
$279,686
$279.7K
Cap Rate 9%
$217,533
$217.5K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$29.7K $22.20/SF
− Vacancy
−$1.8K −$1.33/SF
EGI
$28.0K $20.87/SF
− OpEx
−$8.4K −$6.26/SF
NOI
$19.6K $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%
$391,560
Cap Rate 7%
$279,686
Cap Rate 9%
$217,533
Alternative Uses
Best Use
Multifamily LT 5
$279.7K
$244.7K – $326.3K
NOI $19,578 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$256.9K
$224.8K – $299.7K
NOI $17,982 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$319.7K
$279.7K – $373.0K
NOI $22,379 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
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Business Placement
Demographics for 55417, MN
26,259
Population
11,556
Households
2.3
Avg Household Size
40
Median Age
62%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
5,968
Density / Sq Mi
$122,639
Median Household Income
$71,250
Median Earnings
$1,377
Median Rent
$368,400
Median Home Value
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Market
Average Price Trend$/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 - Recent replacements include the water heater, HVAC system, and oven.
Where is this duplex located?
The property is located at 5337 Minnehaha Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,340‑square‑foot duplex with two bedrooms and two bathrooms; 0.14‑acre lot with a yard and mature trees; Water heater, HVAC system, and oven have been replaced
