Duplex With Separate
For Sale
$399,000
7217 Zane Avenue N, Brooklyn Park, MN 55429
Residential Income, Brooklyn Park, MN
Property Size2,108 SF
Lot Size0.26 Acres
Price / SF$189.28
Days on Market50
Property Features for 7217 Zane Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking features
Driveway, Garage - Attached
Exterior features
Vinyl
Fencing
Chain Link
Subdivision
Barcley Square
High school district
Osseo
Directions
694 to Brooklyn Blvd., North to 69th (Left/West), Turn Right/North on Zane to property on left.
Standard status
Active
APN
2811921320083
Size
2,108 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6731
Utilities
Heating system
Forced Air
Building Details
Year built
1978
Listing Agency:
Keller Williams Classic Realty · Keller Williams Realty
(763) 746-4900
Listed By:
Kristen Gagnon
(763) 746-4900
Added: Jul 8
Changed: Aug 26
Last Checked: Aug 26 at 7:06PM
MLS# 7090948
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 1978 duplex contains two self-contained residences totaling 2,108 square feet. The upper unit offers 3 bedrooms and 1 bathroom, while the lower unit includes 2 bedrooms and 1 bathroom. Each residence has its own in-unit washer and dryer, supporting functional separation between households. The property also includes a basement, attached garage, driveway parking, chain-link fencing, vinyl siding, vinyl windows, and forced-air heating.
Set on a 0.26-acre lot in Brooklyn Park, the property is directly adjacent to local parks and schools and falls within the Osseo School District. Brooklyn Boulevard and I-694 provide nearby commuting routes, and a bus line is located at the front of the property. The residential layout and separate unit amenities support duplex ownership with distinct living spaces for each household.
Set on a 0.26-acre lot in Brooklyn Park, the property is directly adjacent to local parks and schools and falls within the Osseo School District. Brooklyn Boulevard and I-694 provide nearby commuting routes, and a bus line is located at the front of the property. The residential layout and separate unit amenities support duplex ownership with distinct living spaces for each household.
Key Highlights
- Two‑unit layout with a 3‑bedroom upper residence and 2‑bedroom lower residence
- 2,108 square feet on a 0.26‑acre lot
- Each unit includes its own in‑unit washer and dryer
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
$27,318
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
6.85%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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-level income property with distinct upper and lower residences, attached parking, and access to parks, schools, transit, and major roads.
Where is this duplex located?
The property is located at 7217 Zane Avenue 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 layout with a 3‑bedroom upper residence and 2‑bedroom lower residence; 2,108 square feet on a 0.26‑acre lot; Each unit includes its own in‑unit washer and dryer
