Duplex Renovation
For Sale
$444,900
8015 4th Ave, Lino Lakes, MN 55014
As-is two-unit property with six bedrooms, four bathrooms, and separate laundry areas serving each unit.
Property Size2,632 SF
Price / SF$169.03
Days on Market61
Property Features for 8015 4th Ave
General Information
Standard status
Active
Size
2,632 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs work
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
main level laundry
Building Details
Year Built
1967
Buildings
1
Listing Agency:
eXp Realty
Listed By:
Elizabeth Sibet
(763) 221-9397
Source:
Vibemn
Added: Aug 17
Changed: Sep 14
Last Checked: Oct 7 at 1:01PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1967 duplex at 8015 4th Ave in Lino Lakes presents a two-unit residential configuration requiring additional work and offered as-is. Each side includes three bedrooms on the upper level, a full bathroom, a half bathroom, and main-level laundry. The property contains six bedrooms and four bathrooms overall.
Several updates have already been completed, including replacement entry doors, painted interiors, and refinished ceilings. The transaction is limited to cash or hard money financing.
Several updates have already been completed, including replacement entry doors, painted interiors, and refinished ceilings. The transaction is limited to cash or hard money financing.
Key Highlights
- Two‑unit duplex property built in 1967
- Six bedrooms and four bathrooms overall
- Each unit has 3 bedrooms on the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,598
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,960
$652.0K
Cap Rate 7%
$465,686
$465.7K
Cap Rate 9%
$362,200
$362.2K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$49.9K $18.96/SF
− Vacancy
−$3.3K −$1.27/SF
EGI
$46.6K $17.69/SF
− OpEx
−$14.0K −$5.31/SF
NOI
$32.6K $12.39/SF
Area
Anoka County, MN
Vacancy
6.68%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,960
Cap Rate 7%
$465,686
Cap Rate 9%
$362,200
Alternative Uses
Best Use
Multifamily LT 5
$465.7K
$407.5K – $543.3K
NOI $32,598 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$429.1K
$375.5K – $500.7K
NOI $30,039 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$731.1K
$639.7K – $852.9K
NOI $51,176 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 55014, MN
28,603
Population
11,163
Households
2.6
Avg Household Size
40
Median Age
36%
College-Educated
95%
High-School Grad
20.3 sq mi
ZIP Area
1,409
Density / Sq Mi
$98,952
Median Household Income
$50,744
Median Earnings
$1,553
Median Rent
$324,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - As-is two-unit property with six bedrooms, four bathrooms, and separate laundry areas serving each unit.
Where is this duplex located?
The property is located at 8015 4th Ave Lino Lakes, MN.
What is the asking price?
The asking price for this property is $444,900.
What are key features of this property?
This property features: Two‑unit duplex property built in 1967; Six bedrooms and four bathrooms overall; Each unit has 3 bedrooms on the upper level
