Up/Down Duplex with Walkout
For Sale
$599,900
7818 Davidson Ct, Inver Grove Heights, MN 55076
Two distinct residences include shared laundry facilities and an additional bathroom.
Property Size4,024 SF
Price / SF$149.08
Days on Market39
Property Features for 7818 Davidson Ct
General Information
Standard status
Active
Size
4,024 SF
Property subtype
Multi-Family
Building Details
Year Built
1990
Listing Agency:
RE/MAX Results
(651) 261-8157
Listed By:
Brian Hurt · License #20464315
Source:
Homesminn
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 31 at 7:41PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This up-and-down duplex contains 4,024 square feet of living area across two separate residences. The 2,304-square-foot upper unit offers 3 bedrooms, 2 bathrooms, and modern updates. The walkout lower unit includes 2 bedrooms and 1 bathroom, creating a distinct second living arrangement within the property. Both units share a laundry area, which also includes an additional bathroom.
Constructed in 1990, the property is located at 7818 Davidson Ct in Inver Grove Heights, Minnesota. Its cul-de-sac setting and two-level configuration are complemented by direct walkout access from the lower residence.
Constructed in 1990, the property is located at 7818 Davidson Ct in Inver Grove Heights, Minnesota. Its cul-de-sac setting and two-level configuration are complemented by direct walkout access from the lower residence.
Key Highlights
- 4,024 square feet across two residential units
- Upper residence measures 2,304 square feet with 3 bedrooms and 2 bathrooms
- Walkout lower unit includes 2 bedrooms and 1 bathroom
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
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 distinct residences include shared laundry facilities and an additional bathroom.
Where is this duplex located?
The property is located at 7818 Davidson Ct 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 across two residential units; Upper residence measures 2,304 square feet with 3 bedrooms and 2 bathrooms; Walkout lower unit includes 2 bedrooms and 1 bathroom
