Side-by-Side Duplex with
For Sale
$495,000
5433 /5435 Penn Ave S, Minneapolis, MN 55419
Two residential units offer distinct lower-level layouts, attached garages, laundry areas, and individual heating and cooling systems.
Property Size2,101 SF
Price / SF$235.60
Days on Market91
Property Features for 5433 /5435 Penn Ave S
General Information
Standard status
Active
Size
2,101 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1947
Listing Agency:
Side by Side Realty LLC
Listed By:
Garrett Gordon
(970) 571-3904
Source:
Searchhousesnow
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 7 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Side by Side Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,101 square feet and was built in 1947. Both main levels include 2 bedrooms, 1 bathroom, a kitchen, dining area, and living room. Unit 5433 has an unfinished basement with mechanical systems, laundry, a 1-car attached garage, and roughed-in plumbing for a second bathroom. Unit 5435 has a finished lower level with a third bedroom, 3/4 bathroom, laundry room, and 1-car attached garage.
Each unit is equipped with forced-air heating through an individual furnace and central air conditioning. The property also features a newer sewer liner and newer roof. Located at 5433 /5435 Penn Ave S in Minneapolis, the duplex is near Colita, Book Club, Red Wagon Pizza, Settergren’s Hardware, and Saturday Dumpling.
Each unit is equipped with forced-air heating through an individual furnace and central air conditioning. The property also features a newer sewer liner and newer roof. Located at 5433 /5435 Penn Ave S in Minneapolis, the duplex is near Colita, Book Club, Red Wagon Pizza, Settergren’s Hardware, and Saturday Dumpling.
Key Highlights
- Side‑by‑side duplex with 2,101 square feet, built in 1947
- Each main level includes 2 bedrooms, 1 bathroom, kitchen, dining area, and living room
- Unit 5435 has a finished lower level with a third bedroom and 3/4 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,697
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,940
$613.9K
Cap Rate 7%
$438,529
$438.5K
Cap Rate 9%
$341,078
$341.1K
Market Conditions
NOI Build-Up for 2,101 SF
Gross rent
$46.6K $22.20/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$43.9K $20.87/SF
− OpEx
−$13.2K −$6.26/SF
NOI
$30.7K $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%
$613,940
Cap Rate 7%
$438,529
Cap Rate 9%
$341,078
Alternative Uses
Best Use
Multifamily LT 5
$438.5K
$383.7K – $511.6K
NOI $30,697 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$402.8K
$352.4K – $469.9K
NOI $28,195 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,088 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 55419, MN
27,919
Population
12,119
Households
2.3
Avg Household Size
39
Median Age
72%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
6,647
Density / Sq Mi
$143,254
Median Household Income
$77,467
Median Earnings
$1,476
Median Rent
$479,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct lower-level layouts, attached garages, laundry areas, and individual heating and cooling systems.
Where is this duplex located?
The property is located at 5433 /5435 Penn Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,101 square feet, built in 1947; Each main level includes 2 bedrooms, 1 bathroom, kitchen, dining area, and living room; Unit 5435 has a finished lower level with a third bedroom and 3/4 bathroom
