Two-Unit Duplex with Private
For Sale
$410,000
7382 Borman Ave, Inver Grove Heights, MN 55076
Each residence includes two bedrooms, one bathroom, laundry equipment, and a private deck.
Property Size2,128 SF
Price / SF$192.67
Days on Market10
Property Features for 7382 Borman Ave
General Information
Standard status
Active
Size
2,128 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,928
Amenities
washer and dryer
deck
private backyard
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Get You Moved Realty
(651) 587-9129
Listed By:
Leslee Suchy
(651) 587-9129
Source:
Exprealty
Added: Jul 31
Changed: Aug 7
Last Checked: Aug 8 at 7:56AM
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
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two mirror-image residences offered together. Each unit provides two bedrooms and one bathroom, along with its own washer and dryer. The property totals 2,128 square feet and includes a private double-car garage for each residence, supporting separate parking and storage arrangements.
Outdoor features include an individual deck for each unit overlooking a private, tree-lined backyard. Both residences are tenant occupied, providing an existing occupied configuration for the next owner. The property is located at 7382 Borman Ave in Inver Grove Heights, Minnesota.
Outdoor features include an individual deck for each unit overlooking a private, tree-lined backyard. Both residences are tenant occupied, providing an existing occupied configuration for the next owner. The property is located at 7382 Borman Ave in Inver Grove Heights, Minnesota.
Key Highlights
- Two side‑by‑side duplex units offered together
- Each unit has 2 bedrooms and 1 bathroom
- 2,128 square feet total property size
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
$31,092
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
7.58%
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%
$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
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
$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 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%
$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.
Property Analytics
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
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 - Each residence includes two bedrooms, one bathroom, laundry equipment, and a private deck.
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: Two side‑by‑side duplex units offered together; Each unit has 2 bedrooms and 1 bathroom; 2,128 square feet total property size
