Updated 5-Bedroom
For Sale
$599,900
7818 Davidson Court, Inver Grove Heights, MN 55076
Residential Income, Inver Grove Heights, MN
Property Size4,024 SF
Lot Size0.50 Acres
Price / SF$149.08
Days on Market43
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 1, Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3, Basement, Bedroom 4, 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
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: Sep 24
Last Checked: Sep 28 at 2:06AM
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 up-and-down duplex, built in 1990, provides 4,024 square feet of residential space across two units. The upper residence contains 2,304 square feet with 3 bedrooms, 2 bathrooms, and modern updates. The walkout lower unit offers 2 bedrooms and 1 bathroom. A shared laundry area serves both residences and includes an additional bathroom.
The property occupies a 0.5-acre lot at 7818 Davidson Court in Inver Grove Heights, Minnesota. Exterior materials include brick or stone and vinyl over frame construction. Heating is provided by forced air, while parking includes an attached garage and driveway.
The property occupies a 0.5-acre lot at 7818 Davidson Court in Inver Grove Heights, Minnesota. Exterior materials include brick or stone and vinyl over frame construction. Heating is provided by forced air, while parking includes an attached garage and driveway.
Key Highlights
- 4,024‑square‑foot duplex on a 0.5‑acre lot
- Upper unit 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
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Up-and-down duplex with a walkout lower unit, shared laundry, and attached garage on a cul-de-sac 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‑foot duplex on a 0.5‑acre lot; Upper unit measures 2,304 square feet with 3 bedrooms and 2 bathrooms; Walkout lower unit includes 2 bedrooms and 1 bathroom
