Duplex with Central
New
For Sale
$575,000
6980 Alpine Trl, Eden Prairie, MN 55346
Two-unit property offering in-unit laundry, two bathrooms per unit, and front and rear yards.
Property Size2,544 SF
Price / SF$226.02
Days on Market3
Property Features for 6980 Alpine Trl
General Information
Standard status
Active
Size
2,544 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
central air
in-unit laundry
yard
Building Details
Year Built
1966
Listing Agency:
Keller Williams Realty Integrity
(612) 290-5998
Listed By:
Kari M Lundin
Source:
Vibemn
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 6:33PM
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
Investment Insights
Based on property information with market context.
This 1966 duplex contains two residential units within 2,544 square feet. Each unit includes central air, in-unit laundry, two bathrooms, and generously sized bedrooms with a large primary bedroom. One unit is currently vacant, providing immediate occupancy or flexibility to select a tenant.
The property is located at 6980 Alpine Trl in Eden Prairie, Minnesota, near Eden Prairie High School. Both front and back yards provide outdoor space for the occupants.
The property is located at 6980 Alpine Trl in Eden Prairie, Minnesota, near Eden Prairie High School. Both front and back yards provide outdoor space for the occupants.
Key Highlights
- 2,544‑square‑foot duplex built in 1966
- Two residential units, with one unit currently vacant
- Central air and in‑unit laundry in both units
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
5.73%
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 5.73%
Second Best
Apartment 5plus
$424.8K
$371.7K – $495.6K
NOI $29,735 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$606.9K
$531.1K – $708.1K
NOI $42,486 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offering in-unit laundry, two bathrooms per unit, and front and rear yards.
Where is this duplex located?
The property is located at 6980 Alpine Trl Eden Prairie, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,544‑square‑foot duplex built in 1966; Two residential units, with one unit currently vacant; Central air and in‑unit laundry in both units
