675 Lowry Avenue NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 20, 2026
- Days on Market:
- 42
- Last Refresh:
- Jun 30 at 8:06 am
Property Features for 675 Lowry Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Basement, Bedroom 4, Bathroom 2, Bathroom 1
- Parking features
- Covered, Driveway, Assigned
- Exterior features
- Stucco, Wood
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 1102924130076
- Size
- 1,911 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5403
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Roof type
- Shingle
Listing agent Michael Moe (763) 657-4444
Listing office Keller Williams Classic Rlty NW 10402 73rd Ave N, Maple Grove, MN (763) 463-7500
Listing date May 20, 2026
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.
HighLights
- Duplex with 4 bedrooms, 2 bathrooms, and a basement
- Each unit has separate electric and gas meters
- Top unit rented for $1,595 with lease ending 8/31/26
- Separate washer and dryer for each unit
- Roof replaced in 2021; electrical upgrades and cosmetic upgrades reported
- Off‑street parking in the back with assigned, covered driveway parking; accessible ramp approach
Overview
The duplex is located at 675 Lowry Avenue NE in Minneapolis, MN 55418, close to Central Ave business. It’s also within walking distance to local breweries and coffee shops.
The unit configuration and separate utilities make this an efficient setup for residential income buyers seeking an owner-occupant option, since the lower unit is currently vacant. The top unit is leased through 8/31/26, providing continuity of occupancy for investors who want to retain tenant tenure while potentially residing in the vacant unit. Off-street parking at the rear supports everyday tenant convenience.
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 | $42.4k | $22.20 |
| − Vacancy | −$2.5k | −$1.33 |
| EGI | $39.9k | $20.87 |
| − OpEx | −$12.0k | −$6.26 |
| NOI | $27.9k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2539387
- Latitude
- 45.0133625
