Side-by-Side Duplex with Private
New
For Sale
$410,000
7382 Borman Avenue, Inver Grove Heights, MN 55076
MULTI_FAMILY - Inver Grove Heights, MN
Property Size2,128 SF
Lot Size0.61 Acres
Price / SF$192.67
Days on Market1
Property Features for 7382 Borman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2
Parking features
Garage - Detached
Exterior features
Fiber Board
Subdivision
Rolling Hills 5th Add
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
Inver Grove Hts. Community Schools
Directions
52 to 70th east to Blaine south to 75th east to Borman north to 7382/7384
Standard status
Active
APN
206450401142
Size
2,128 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4928
Utilities
Heating system
Forced Air
Building Details
Year built
1982
Listing Agency:
Get You Moved Realty
(763) 213-1410
Listed By:
Leslee Suchy
(763) 742-7653
Added: Jul 31
Last Checked: Jul 31 at 5:06PM
MLS# 7115993
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 side-by-side duplex features mirror-image layouts, with two bedrooms and one bathroom on each side. Each unit includes its own washer and dryer and a double-car private garage, with a detached garage configuration. The property also offers outdoor space from each unit’s own deck overlooking a private backyard with lots of trees and privacy.
The duplex is sited on a 0.61-acre lot. The building was constructed in 1982 and is heated with forced air. Exterior materials include fiber board. Both units are already tenant occupied.
Address 7382 Borman Avenue is being used as the show home. Showings are allowed before 4pm, with weekends preferred, and require 24 hours in advance. If a buyer wants to view 7384 on a second showing, a 24-hour notice is required.
The duplex is sited on a 0.61-acre lot. The building was constructed in 1982 and is heated with forced air. Exterior materials include fiber board. Both units are already tenant occupied.
Address 7382 Borman Avenue is being used as the show home. Showings are allowed before 4pm, with weekends preferred, and require 24 hours in advance. If a buyer wants to view 7384 on a second showing, a 24-hour notice is required.
Key Highlights
- Two tenant‑occupied units for occupancy from day one
- Mirror‑image layouts with two bedrooms and one bathroom on each side
- In‑unit washer and dryer in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.2k | $22.20 |
| − Vacancy | −$2.8k | −$1.33 |
| EGI | $44.4k | $20.87 |
| − OpEx | −$13.3k | −$6.26 |
| NOI | $31.1k | $14.61 |
2,128 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
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
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 - Side-by-side duplex with two tenant-occupied units, each offering in-unit washer and dryer plus a double-car private garage.
Where is this duplex located?
The property is located at 7382 Borman Avenue 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: Two tenant‑occupied units for occupancy from day one; Mirror‑image layouts with two bedrooms and one bathroom on each side; In‑unit washer and dryer in each unit
