Side-by-Side Duplex with
New
For Sale
$590,000
6024 W 35th Street, Saint Louis Park, MN 55416
Residential Income, Saint Louis Park, MN
Property Size2,830 SF
Lot Size0.24 Acres
Price / SF$208.48
Days on Market3
Property Features for 6024 W 35th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Basement, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 2, Bathroom 4, Bathroom 1, Laundry Room, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Garage - Attached
Fencing
Chain Link
Subdivision
St Louis Park
Lot features
Tree Coverage - Medium
High school district
St. Louis Park
Directions
Take the MN-7 W exit from MN-100 S Continue on MN-7 W. Drive to W 35th St
Standard status
Active
APN
1611721320084
Size
2,830 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8161
Utilities
Heating system
Forced Air
Amenities
fenced yard
Building Details
Year built
1951
Building materials
Block
Roof type
Shingle
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Adam Tafel
(612) 600-6000
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 4:06PM
MLS# 7162553
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 1951 side-by-side duplex contains 2,830 square feet across two residences on a 0.24-acre lot. Separate driveways and attached garages serve the units, and a chain-link fence encloses the yard. The building has block construction, shingle roofing, and forced-air heating.
One unit is vacant. Capital improvements have been completed over the past 10 years. The property is located in Saint Louis Park, Minnesota.
One unit is vacant. Capital improvements have been completed over the past 10 years. The property is located in Saint Louis Park, Minnesota.
Key Highlights
- 2,830‑square‑foot side‑by‑side duplex
- 0.24‑acre lot with a fenced yard
- Separate driveways and attached garages for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,674
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 2,830 SF
Gross rent
$56.0K $19.80/SF
− Vacancy
−$3.6K −$1.29/SF
EGI
$52.4K $18.51/SF
− OpEx
−$15.7K −$5.55/SF
NOI
$36.7K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$472.5K
$413.5K – $551.3K
NOI $33,078 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$675.2K
$590.8K – $787.7K
NOI $47,263 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Explore this area
Business Placement
Demographics for 55416, MN
34,129
Population
19,197
Households
1.8
Avg Household Size
36
Median Age
73%
College-Educated
98%
High-School Grad
7.3 sq mi
ZIP Area
4,675
Density / Sq Mi
$105,926
Median Household Income
$70,993
Median Earnings
$1,701
Median Rent
$457,300
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 - Each residence has a separate driveway and garage, with one unit currently vacant.
Where is this duplex located?
The property is located at 6024 W 35th Street Saint Louis Park, MN.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 2,830‑square‑foot side‑by‑side duplex; 0.24‑acre lot with a fenced yard; Separate driveways and attached garages for the units
