Two-Unit
675 Old Highway 8 NW, New Brighton, MN 55112
For Sale
$290,000
Both residences are occupied, and one is leased month to month.
Property Size1,746 SF
Price / SF$166.09
Days on Market62
Property Features for 675 Old Highway 8 NW
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Road Access
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Fuze Real Estate
Listed By:
Dalton Ogg
Source:
Gjgcommercial
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 10 at 6:43PM
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 Fuze Real Estate
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.
Built in 1882, this 1,746-square-foot duplex contains two separate residential units. Both are occupied; one unit has a month-to-month lease, while the other has an established rental history.
The property is on Old Highway 8 NW in New Brighton, with access to major roadways and area shopping, dining, parks, and schools.
The property is on Old Highway 8 NW in New Brighton, with access to major roadways and area shopping, dining, parks, and schools.
Key Highlights
- Two residential units in a 1,746‑square‑foot duplex
- Both units are currently occupied
- One unit has a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,510
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,200
$510.2K
Cap Rate 7%
$364,429
$364.4K
Cap Rate 9%
$283,444
$283.4K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$38.8K $22.20/SF
− Vacancy
−$2.3K −$1.33/SF
EGI
$36.4K $20.87/SF
− OpEx
−$10.9K −$6.26/SF
NOI
$25.5K $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 Rate 5%
$510,200
Cap Rate 7%
$364,429
Cap Rate 9%
$283,444
Alternative Uses
Best Use
Multifamily LT 5
$364.4K
$318.9K – $425.2K
NOI $25,510 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$334.7K
$292.9K – $390.5K
NOI $23,431 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$416.6K
$364.5K – $486.0K
NOI $29,159 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
610
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
$338,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Ramsey County, MN
Properties on Market for Duplexes in Ramsey County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, and one is leased month to month.
Where is this duplex located?
The property is located at 675 Old Highway 8 NW New Brighton, MN.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two residential units in a 1,746‑square‑foot duplex; Both units are currently occupied; One unit has a month‑to‑month lease
