Side-by-Side Duplex with Private
For Sale
$410,000
7382 Borman Ave, Inver Grove Heights, MN 55076
Two occupied units offer private garages, in-unit laundry, decks, and individual outdoor space.
Property Size2,128 SF
Price / SF$192.67
Days on Market69
Property Features for 7382 Borman Ave
General Information
Standard status
Active
Size
2,128 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Road Access
Yes
Amenities
private deck
private backyard
washer/dryer
Building Details
Year Built
1982
Buildings
1
Tenancy
Multi
Listing Agency:
Get You Moved Realty
Listed By:
Leslee Suchy
(763) 742-7653
Source:
Vibemn
Added: Aug 9
Changed: Oct 2
Last Checked: Oct 7 at 3:14PM
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 Get You Moved Realty
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Investment Insights
Based on property information with market context.
This 1982-built duplex is configured as two mirror-image residences offered together. Each unit contains 2 bedrooms and 1 bathroom, along with its own washer and dryer. Private double-car garages serve each side, providing dedicated parking and storage. Both residences also include a deck overlooking a private, tree-lined backyard.
The property is currently tenant occupied, allowing the next owner to acquire an income-producing duplex with established occupancy. Located on Borman Ave in Inver Grove Heights, the layout supports separate households while maintaining a straightforward side-by-side configuration. The 2,128-square-foot building combines residential functionality with individual outdoor areas and garage access for each unit.
The property is currently tenant occupied, allowing the next owner to acquire an income-producing duplex with established occupancy. Located on Borman Ave in Inver Grove Heights, the layout supports separate households while maintaining a straightforward side-by-side configuration. The 2,128-square-foot building combines residential functionality with individual outdoor areas and garage access for each unit.
Key Highlights
- 2,128‑square‑foot side‑by‑side duplex built in 1982
- Each unit offers 2 bedrooms and 1 bathroom
- Private double‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,092
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,840
$621.8K
Cap Rate 7%
$444,171
$444.2K
Cap Rate 9%
$345,467
$345.5K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$47.2K $22.20/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$44.4K $20.87/SF
− OpEx
−$13.3K −$6.26/SF
NOI
$31.1K $14.61/SF
Area
Dakota County, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,840
Cap Rate 7%
$444,171
Cap Rate 9%
$345,467
Alternative Uses
Best Use
Multifamily LT 5
$444.2K
$388.7K – $518.2K
NOI $31,092 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$408.0K
$357.0K – $476.0K
NOI $28,557 @ 7.0% cap · market cap 6.97%
Theoretical Best
Healthcare Medical
$523.7K
$458.2K – $611.0K
NOI $36,657 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
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Business Placement
Demographics for 55076, MN
21,624
Population
9,525
Households
2.3
Avg Household Size
43
Median Age
39%
College-Educated
95%
High-School Grad
9.9 sq mi
ZIP Area
2,184
Density / Sq Mi
$98,026
Median Household Income
$55,557
Median Earnings
$1,340
Median Rent
$308,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer private garages, in-unit laundry, decks, and individual outdoor space.
Where is this duplex located?
The property is located at 7382 Borman Ave Inver Grove Heights, MN.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 2,128‑square‑foot side‑by‑side duplex built in 1982; Each unit offers 2 bedrooms and 1 bathroom; Private double‑car garage for each residence
