Duplex with Central
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 Market48
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
Listed By:
Kari M Lundin
(612) 290-5998
Source:
Vibemn
Added: Aug 28
Changed: Oct 11
Last Checked: Oct 12 at 9:37PM
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 / Yr
$32,968
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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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
