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 Market16
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
(763) 221-9397
Listed By:
Elizabeth Sibet
Source:
Vibemn
Added: Aug 17
Changed: Aug 31
Last Checked: Aug 31 at 7:49PM
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
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 = 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
$38,455
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
8.64%
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%
$769,100
$769.1K
Cap Rate 7%
$549,357
$549.4K
Cap Rate 9%
$427,278
$427.3K
Market Conditions
NOI Build-Up for 2,632 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
$58.4K $22.20/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$54.9K $20.87/SF
− OpEx
−$16.5K −$6.26/SF
NOI
$38.5K $14.61/SF
Area
Ramsey 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%
$769,100
Cap Rate 7%
$549,357
Cap Rate 9%
$427,278
Alternative Uses
Best Use
Multifamily LT 5
$549.4K
$480.7K – $640.9K
NOI $38,455 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$504.6K
$441.5K – $588.7K
NOI $35,321 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$627.9K
$549.5K – $732.6K
NOI $43,956 @ 7.0% cap · market cap 9.88%
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
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
