Updated Two-Unit
For Sale
$399,000
7217 Zane Ave N, Brooklyn Park, MN 55429
Two separate residences offer private laundry facilities and shared attached parking and storage.
Property Size2,108 SF
Lot Size0.26 Acres
Price / SF$189.28
Days on Market61
Property Features for 7217 Zane Ave N
General Information
Standard status
Active
Size
2,108 SF
Lot size
0.26 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit washer and dryer
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Keller Williams Classic Realty
Listed By:
Kristen Gagnon
(763) 226-4001
Source:
Thehomeadvantagegroup
Added: Aug 19
Changed: Oct 12
Last Checked: Oct 7 at 12:58PM
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 Classic Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,108 square feet of living area in an up-and-down configuration. The upper residence has three bedrooms and one bathroom, while the lower residence includes two bedrooms and one bathroom. Each unit has its own washer and dryer, supporting independent household use. Exterior improvements include vinyl siding and vinyl windows, and the attached garage provides parking and storage.
The property occupies a 0.26-acre lot in the Osseo School District, immediately beside parks and schools. Brooklyn Blvd and I-694 provide roadway access, while a bus line is located at the front of the property.
The property occupies a 0.26-acre lot in the Osseo School District, immediately beside parks and schools. Brooklyn Blvd and I-694 provide roadway access, while a bus line is located at the front of the property.
Key Highlights
- Two‑unit duplex with 2,108 square feet of living area
- Upper unit: 3 bedrooms and 1 bathroom
- Lower unit: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,318
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,360
$546.4K
Cap Rate 7%
$390,257
$390.3K
Cap Rate 9%
$303,533
$303.5K
Market Conditions
NOI Build-Up for 2,108 SF
Gross rent
$41.7K $19.80/SF
− Vacancy
−$2.7K −$1.29/SF
EGI
$39.0K $18.51/SF
− OpEx
−$11.7K −$5.55/SF
NOI
$27.3K $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%
$546,360
Cap Rate 7%
$390,257
Cap Rate 9%
$303,533
Alternative Uses
Best Use
Multifamily LT 5
$390.3K
$341.5K – $455.3K
NOI $27,318 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$352.0K
$308.0K – $410.7K
NOI $24,639 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$502.9K
$440.1K – $586.8K
NOI $35,205 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 55429, MN
28,755
Population
10,529
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
6.0 sq mi
ZIP Area
4,793
Density / Sq Mi
$66,661
Median Household Income
$40,255
Median Earnings
$1,253
Median Rent
$267,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private laundry facilities and shared attached parking and storage.
Where is this duplex located?
The property is located at 7217 Zane Ave N Brooklyn Park, MN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,108 square feet of living area; Upper unit: 3 bedrooms and 1 bathroom; Lower unit: 2 bedrooms and 1 bathroom
