Two-Unit Duplex with Vacant
New
For Sale
$550,000
6980 Alpine Trail, Eden Prairie, MN 55346
Residential Income, Eden Prairie, MN
Property Size2,544 SF
Lot Size0.74 Acres
Price / SF$216.19
Days on Market1
Property Features for 6980 Alpine Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Laundry Room, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 3
Parking features
Garage - Attached
Subdivision
Alpine Estates
High school district
Eden Prairie
Directions
North on Eden Prairie RD to Hillcrest LN, turn right then left on Alpine Trail to property
Standard status
Active
APN
0511622440004
Size
2,544 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7257
Utilities
Heating system
Forced Air
Amenities
central air
in-unit laundry
large front and back yards
Building Details
Year built
1966
Listing Agency:
Keller Williams Realty Integrity
(952) 938-6100
Listed By:
Kari M Lundin
(612) 998-8959
Added: Sep 24
Last Checked: Sep 24 at 10:06PM
MLS# 7149127
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 Eden Prairie duplex contains 2,544 square feet across two residences on a 0.74-acre lot. Built in 1966, the property has new carpet and fresh interior and exterior paint. Both units include central air conditioning, in-unit laundry, and two bathrooms; each also has a large primary bedroom. Forced-air heating and an attached garage are additional property features.
A vacant unit offers flexibility for occupancy or tenant placement. The property is near Eden Prairie High School and includes sizable front and rear yards.
A vacant unit offers flexibility for occupancy or tenant placement. The property is near Eden Prairie High School and includes sizable front and rear yards.
Key Highlights
- 2,544‑square‑foot duplex on a 0.74‑acre lot
- One unit is vacant
- Both units have central air, in‑unit laundry, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,968
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$659,360
$659.4K
Cap Rate 7%
$470,971
$471.0K
Cap Rate 9%
$366,311
$366.3K
Market Conditions
NOI Build-Up for 2,544 SF
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.
Gross rent
$50.4K $19.80/SF
− Vacancy
−$3.3K −$1.29/SF
EGI
$47.1K $18.51/SF
− OpEx
−$14.1K −$5.55/SF
NOI
$33.0K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$659,360
Cap Rate 7%
$470,971
Cap Rate 9%
$366,311
Alternative Uses
Best Use
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,968 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$424.8K
$371.7K – $495.6K
NOI $29,735 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$606.9K
$531.1K – $708.1K
NOI $42,486 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 55346, MN
17,139
Population
6,804
Households
2.5
Avg Household Size
41
Median Age
63%
College-Educated
98%
High-School Grad
6.8 sq mi
ZIP Area
2,520
Density / Sq Mi
$137,125
Median Household Income
$66,391
Median Earnings
$1,823
Median Rent
$463,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One residence is unoccupied, allowing for immediate occupancy or selection of a new tenant.
Where is this duplex located?
The property is located at 6980 Alpine Trail Eden Prairie, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,544‑square‑foot duplex on a 0.74‑acre lot; One unit is vacant; Both units have central air, in‑unit laundry, and two bathrooms
