Duplex with Two One-Level 2BR
For Sale
$439,900
5721 Quincy Street, Mounds View, MN 55112
MULTI_FAMILY - Mounds View, MN
Property Size1,796 SF
Lot Size0.34 Acres
Price / SF$244.93
Days on Market52
Property Features for 5721 Quincy Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Basement
Parking features
Covered, Parking Lot
Exterior features
Aluminum Siding
Subdivision
Section 5 Town 30 Range 23
High school district
Mounds View
Directions
35W to Cty Rd I, West to Quincy, North to Hillview, East to Quincy N
Standard status
Active
APN
053023410015
Size
1,796 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5456
Utilities
Heating system
Forced Air
Building Details
Year built
1964
Building materials
Frame
Listing Agency:
Tangletown Realty
(612) 296-6900
Listed By:
Angela P. Larson
(651) 203-1788
Added: Jun 29
Changed: Aug 1
Last Checked: Aug 19 at 7:06PM
MLS# 7100733
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 features two one-level residences, each offering 2BR/1BA living. Both units include their own full, private basement area with laundry and additional usable space. One unit has a finished lower-level bedroom with egress, and the basements provide room that could potentially be adapted for more finished space.
The property sits on a 0.344-acre lot and backs up to walking trails. Exterior materials include aluminum siding with frame construction, and heating is forced air. Parking includes covered parking and a parking lot.
Built in 1964, the units have seen several updates. The combination of independent basements and one-level floorplans supports both owner-occupant use and rental flexibility.
The property sits on a 0.344-acre lot and backs up to walking trails. Exterior materials include aluminum siding with frame construction, and heating is forced air. Parking includes covered parking and a parking lot.
Built in 1964, the units have seen several updates. The combination of independent basements and one-level floorplans supports both owner-occupant use and rental flexibility.
Key Highlights
- 0.344‑acre lot backing up to walking trails
- Two one‑level 2BR/1BA units with private full basements
- Private basements include laundry and additional space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,820
$524.8K
Cap Rate 7%
$374,871
$374.9K
Cap Rate 9%
$291,567
$291.6K
Market Conditions
NOI Build-Up for 1,796 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.9K $22.20/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$37.5K $20.87/SF
− OpEx
−$11.2K −$6.26/SF
NOI
$26.2K $14.61/SF
Area
Ramsey 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$524,820
Cap Rate 7%
$374,871
Cap Rate 9%
$291,567
Alternative Uses
Best Use
Multifamily LT 5
$374.9K
$328.0K – $437.4K
NOI $26,241 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$344.3K
$301.3K – $401.7K
NOI $24,102 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$428.5K
$374.9K – $499.9K
NOI $29,994 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 55112, MN
46,728
Population
17,956
Households
2.6
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
2,670
Density / Sq Mi
$93,823
Median Household Income
$47,676
Median Earnings
$1,322
Median Rent
$338,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a 0.344-acre lot with two one-level 2BR/1BA units, each with a private basement and laundry.
Where is this duplex located?
The property is located at 5721 Quincy Street Mounds View, MN.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 0.344‑acre lot backing up to walking trails; Two one‑level 2BR/1BA units with private full basements; Private basements include laundry and additional space
