Duplex with Private
For Sale
$375,000
606 20th Ave S, Minneapolis, MN 55454
Both residences offer hardwood flooring and direct access to private outdoor porches.
Property Size2,052 SF
Price / SF$182.75
Days on Market87
Property Features for 606 20th Ave S
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
All that's left are just your personal touches.
Additional Details
Multifamily Units
2
Amenities
private porch
hardwood floors
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty Integrity
Listed By:
Kari M Lundin
(612) 290-5998
Source:
Tayloronken
Added: Jul 25
Changed: Oct 13
Last Checked: Oct 16 at 12:01PM
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 Keller Williams Realty Integrity
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 two-unit property contains 2,052 square feet and dates to 1900. Each residence includes hardwood flooring and a private porch, while recent improvements include a new roof and new siding. The layout supports either owner occupancy with rental income from the second unit or leasing both residences.
The duplex is directly across from Augsburg University and a few blocks from Carlson and the University of Minnesota’s West Bank campus. Fairview is within walking distance, and a community park sits behind the building. Downtown Minneapolis, the Mississippi River, and restaurants are also nearby, with several dining options accessible on foot.
The duplex is directly across from Augsburg University and a few blocks from Carlson and the University of Minnesota’s West Bank campus. Fairview is within walking distance, and a community park sits behind the building. Downtown Minneapolis, the Mississippi River, and restaurants are also nearby, with several dining options accessible on foot.
Key Highlights
- 2,052‑square‑foot duplex built in 1900
- Private porch and hardwood flooring in each unit
- New roof and new exterior siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,981
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,620
$599.6K
Cap Rate 7%
$428,300
$428.3K
Cap Rate 9%
$333,122
$333.1K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$45.6K $22.20/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$42.8K $20.87/SF
− OpEx
−$12.8K −$6.26/SF
NOI
$30.0K $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%
$599,620
Cap Rate 7%
$428,300
Cap Rate 9%
$333,122
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 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
3,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 55454, MN
8,279
Population
3,823
Households
2.2
Avg Household Size
28
Median Age
27%
College-Educated
67%
High-School Grad
0.6 sq mi
ZIP Area
13,798
Density / Sq Mi
$26,429
Median Household Income
$16,150
Median Earnings
$947
Median Rent
$184,700
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 - Both residences offer hardwood flooring and direct access to private outdoor porches.
Where is this duplex located?
The property is located at 606 20th Ave S 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: 2,052‑square‑foot duplex built in 1900; Private porch and hardwood flooring in each unit; New roof and new exterior siding
