Updated Duplex With Private
606 20th Avenue NE Minneapolis, MN 55418
New
606 20th Avenue NE, Minneapolis, MN, 55418
$375,000
For Sale
$375,000
MULTI_FAMILY - Minneapolis, MN
Property Size2,052 SF
Lot Size0.15 Acres
Price / SF$182.75
Days on Market2
Property Features for 606 20th Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bedroom 2
- Parking features
- Driveway
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 1102924340149
- Size
- 2,052 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3686
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1961
Listing Agency
Keller Williams Realty Integrity
(952) 938-6100
7401 Metro Blvd No. 350 Edina, Edina, MN
Listed by
Kari M Lundin
(612) 998-8959
Added: Jul 16 Checked: Jul 17 at 11:06 pm
MLS# 7029565
Listing URL
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 updated duplex at 606 20th Avenue NE offers two separate units, each with its own private porch and hardwood floors. The big-ticket improvements have already been completed, including a new roof and new siding, along with hardwood floors throughout, leaving room for personal updates to finish the interior to your taste.
The property is positioned directly across from Augsburg University and is only a few blocks from Carlson and the University of Minnesota’s West Bank campus. It also backs up to a community park. Downtown Minneapolis and the Mississippi River are described as minutes away, with a stretch of restaurants within walking distance.
Set on a 0.15-acre lot with 2,052 square feet of property size, this duplex provides an owner-occupant or income-focused layout with two distinct living spaces.
The property is positioned directly across from Augsburg University and is only a few blocks from Carlson and the University of Minnesota’s West Bank campus. It also backs up to a community park. Downtown Minneapolis and the Mississippi River are described as minutes away, with a stretch of restaurants within walking distance.
Set on a 0.15-acre lot with 2,052 square feet of property size, this duplex provides an owner-occupant or income-focused layout with two distinct living spaces.
Key Highlights
- Duplex across from Augsburg University, within a few blocks of Carlson and U of M West Bank campus
- Year built 1961 with vinyl exterior and oil heating
- Each unit features a private porch and hardwood floors
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.6k | $22.20 |
| − Vacancy | −$2.7k | −$1.33 |
| EGI | $42.8k | $20.87 |
| − OpEx | −$12.8k | −$6.26 |
| NOI | $30.0k | $14.61 |
2,052 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$428.3K
$374.8K – $499.7K
NOI $29,981 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$393.4K
$344.2K – $459.0K
NOI $27,537 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$489.6K
$428.4K – $571.2K
NOI $34,270 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Minnesota Concrete LLC
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex in Minneapolis featuring two units, each with a private porch and hardwood floors, plus recent exterior and interior upgrades.
Where is this duplex located?
The property is located at 606 20th Avenue NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex across from Augsburg University, within a few blocks of Carlson and U of M West Bank campus; Year built 1961 with vinyl exterior and oil heating; Each unit features a private porch and hardwood floors
