Up/Down Duplex with
New
For Sale
$599,900
7818 Davidson Court, Inver Grove Heights, MN 55076
MULTI_FAMILY - Inver Grove Heights, MN
Property Size4,024 SF
Lot Size0.50 Acres
Price / SF$149.08
Days on Market3
Property Features for 7818 Davidson Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Basement, Bedroom 5
Parking features
Garage, Garage - Attached, Driveway
Exterior features
Brick/Stone, Vinyl
Subdivision
River Highlands
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
Inver Grove Hts. Community Schools
Directions
Concord to 80th St., W to Dawn, N to Davidson, E to home on left.
Standard status
Active
APN
206420001040
Size
4,024 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7393
Utilities
Heating system
Forced Air
Amenities
shared laundry area
additional bathroom
Building Details
Year built
1990
Building materials
Frame
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 735-1350
Listed By:
Brian Hurt · License #20464315
(952) 829-2900
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 19 at 9:06PM
MLS# 7128388
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 1990-built duplex provides 4,024 square feet across two distinct residences. The upper home contains 2,304 square feet with three bedrooms, two bathrooms, and modern updates. The lower walkout residence offers two bedrooms and one bathroom, creating a practical second living arrangement within the property. A shared laundry area and an additional bathroom serve the overall configuration.
Set on 0.5 acres at 7818 Davidson Court in Inver Grove Heights, the property occupies a cul-de-sac setting. Exterior materials include brick/stone and vinyl over frame construction. Forced-air heating, an attached garage, an additional garage, and driveway parking are included.
Set on 0.5 acres at 7818 Davidson Court in Inver Grove Heights, the property occupies a cul-de-sac setting. Exterior materials include brick/stone and vinyl over frame construction. Forced-air heating, an attached garage, an additional garage, and driveway parking are included.
Key Highlights
- 4,024 square feet configured as an up/down duplex
- Upper unit measures 2,304 square feet with 3 bedrooms and 2 bathrooms
- Lower unit includes 2 bedrooms, 1 bathroom, and a walkout
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
$54,001
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
9.00%
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%
$1,080,020
$1.1M
Cap Rate 7%
$771,443
$771.4K
Cap Rate 9%
$600,011
$600.0K
Market Conditions
NOI Build-Up for 4,024 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
$104.8K $26.04/SF
− Vacancy
−$6.6K −$1.64/SF
EGI
$98.2K $24.40/SF
− OpEx
−$44.2K −$10.98/SF
NOI
$54.0K $13.42/SF
Area
Dakota County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$1,080,020
Cap Rate 7%
$771,443
Cap Rate 9%
$600,011
Alternative Uses
Best Use
Multifamily LT 5
$839.9K
$734.9K – $979.9K
NOI $58,793 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$771.4K
$675.0K – $900.0K
NOI $54,001 @ 7.0% cap · market cap 9.00%
Theoretical Best
Healthcare Medical
$990.2K
$866.5K – $1.16M
NOI $69,317 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
152
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 - Two separate residences include updated living areas, shared laundry, and attached garage parking on a half-acre lot.
Where is this duplex located?
The property is located at 7818 Davidson Court Inver Grove Heights, MN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 4,024 square feet configured as an up/down duplex; Upper unit measures 2,304 square feet with 3 bedrooms and 2 bathrooms; Lower unit includes 2 bedrooms, 1 bathroom, and a walkout
