Triplex with Shared
For Sale
$949,900
810 6th Street SE, Minneapolis, MN 55414
The property is offered in tandem with a nearby duplex and a shared parking lot.
Property Size3,276 SF
Price / SF$289.96
Days on Market170
Property Features for 810 6th Street SE
General Information
Standard status
Active
Size
3,276 SF
Total Parking Spaces
20
Property subtype
Triplex
Site & Location
Neighborhood
University
Additional Details
Asking Price
$1,550,000
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$13,050
Amenities
coin-op laundry
Building Details
Building Size
3,276 SF
Year Built
1902
Buildings
2
Listing Agency:
eXp Realty
Listed By:
Marissa Winegarden
(218) 371-9266
Source:
Harkerwoods
Added: May 11
Changed: Oct 27
Last Checked: Oct 27 at 3:16AM
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.
Built in 1902, this 3,276-square-foot residential property is configured as a triplex. It is being sold in conjunction with a duplex at 806 6th Street SE as a bundled offering; the two properties share a 20-space parking lot.
The properties are in Dinkytown, near the University of Minnesota campus. The triplex sale is contingent on the concurrent sale of the duplex.
The properties are in Dinkytown, near the University of Minnesota campus. The triplex sale is contingent on the concurrent sale of the duplex.
Key Highlights
- Triplex configuration in a 3,276‑square‑foot building
- Built in 1902
- Offered with 806 6th Street SE as a bundled sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,865
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,300
$957.3K
Cap Rate 7%
$683,786
$683.8K
Cap Rate 9%
$531,833
$531.8K
Market Conditions
NOI Build-Up for 3,276 SF
Gross rent
$72.7K $22.20/SF
− Vacancy
−$4.3K −$1.33/SF
EGI
$68.4K $20.87/SF
− OpEx
−$20.5K −$6.26/SF
NOI
$47.9K $14.61/SF
Area
Minneapolis, 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 Rate 5%
$957,300
Cap Rate 7%
$683,786
Cap Rate 9%
$531,833
Alternative Uses
Best Use
Multifamily LT 5
$683.8K
$598.3K – $797.8K
NOI $47,865 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$628.0K
$549.5K – $732.7K
NOI $43,963 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$781.6K
$683.9K – $911.9K
NOI $54,711 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
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Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - The property is offered in tandem with a nearby duplex and a shared parking lot.
Where is this triplex located?
The property is located at 810 6th Street SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Triplex configuration in a 3,276‑square‑foot building; Built in 1902; Offered with 806 6th Street SE as a bundled sale
