Renovated Duplex with Attached
For Sale
$220,000
6876 Wels Ave, Brainerd, MN 56401
Both residences are vacant and include updated kitchens, bathrooms, and private laundry.
Property Size1,387 SF
Price / SF$158.62
Days on Market100
Property Features for 6876 Wels Ave
General Information
Standard status
Active
Size
1,387 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
washer and dryer
Building Details
Year Built
1975
Buildings
1
Listing Agency:
LPT Realty, LLC.
Listed By:
Shanna Perez-Davis
(218) 820-4426
Source:
Bradadamrealty
Added: Jul 14
Changed: Oct 5
Last Checked: Oct 21 at 2:32AM
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 LPT Realty, LLC.
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Investment Insights
Based on property information with market context.
This up-and-down duplex was built in 1975 and has undergone extensive renovation, including new flooring, interior paint, kitchens, and bathrooms. Each residence contains 2 bedrooms and 1 bathroom, along with its own washer and dryer. The property also includes a 1-stall attached garage.
Both units are currently vacant, providing flexibility for an owner-occupant or rental strategy. The duplex sits on a corner lot and is served by a private well and septic system. With 1,387 of property size identified in the record, the layout offers two separate residences within one building.
Both units are currently vacant, providing flexibility for an owner-occupant or rental strategy. The duplex sits on a corner lot and is served by a private well and septic system. With 1,387 of property size identified in the record, the layout offers two separate residences within one building.
Key Highlights
- Both units are vacant
- Each unit includes 2 bedrooms and 1 bathroom
- Private washer and dryer provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,662
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,240
$253.2K
Cap Rate 7%
$180,886
$180.9K
Cap Rate 9%
$140,689
$140.7K
Market Conditions
NOI Build-Up for 1,387 SF
Gross rent
$19.1K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.1K $13.04/SF
− OpEx
−$5.4K −$3.91/SF
NOI
$12.7K $9.13/SF
Area
Crow Wing County, MN
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,240
Cap Rate 7%
$180,886
Cap Rate 9%
$140,689
Alternative Uses
Best Use
Multifamily LT 5
$180.9K
$158.3K – $211.0K
NOI $12,662 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$161.5K
$141.3K – $188.4K
NOI $11,305 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$294.5K
$257.7K – $343.5K
NOI $20,612 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
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Business Placement
Demographics for 56401, MN
30,632
Population
16,038
Households
1.9
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
322.6 sq mi
ZIP Area
95
Density / Sq Mi
$70,269
Median Household Income
$40,172
Median Earnings
$918
Median Rent
$237,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and include updated kitchens, bathrooms, and private laundry.
Where is this duplex located?
The property is located at 6876 Wels Ave Brainerd, MN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Both units are vacant; Each unit includes 2 bedrooms and 1 bathroom; Private washer and dryer provided for each unit
