Side-by-Side Duplex with
For Sale
$499,900
Pending
8117-19 Pleasant View Court, Mounds View, MN 55112
Residential Income, Mounds View, MN
Property Size2,664 SF
Lot Size0.46 Acres
Days on Market47
Property Features for 8117-19 Pleasant View Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 4, Basement, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 3
Parking features
Garage - Attached, Driveway
Exterior features
Fiber Board, Vinyl
High school district
Mounds View
Directions
County Road 10 to Pleasant View Dr. North to Pleasant View Court East to Home
Standard status
Pending
APN
063023230049
Size
2,664 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8380
Utilities
Heating system
Forced Air
Amenities
in-unit laundry
private yard
Building Details
Year built
1981
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Blake Olson
(952) 829-2900
Added: Jul 23
Changed: Sep 1
Last Checked: Sep 7 at 1:06AM
MLS# 7115269
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.
Built in 1981, this side-by-side duplex contains 2,664 square feet with two separate residences. Each unit offers three bedrooms, two bathrooms, a walkout main level, in-unit laundry, and an attached two-car garage. Forced-air heating serves the property, while fiber board and vinyl are among the exterior materials.
The property is located at 8117-19 Pleasant View Court in Mounds View, within the Mounds View school district. Local parks, walking trails, and highway access are identified nearby. The site also includes driveway parking and outdoor yard space, providing additional flexibility for occupants.
The property is located at 8117-19 Pleasant View Court in Mounds View, within the Mounds View school district. Local parks, walking trails, and highway access are identified nearby. The site also includes driveway parking and outdoor yard space, providing additional flexibility for occupants.
Key Highlights
- Side‑by‑side duplex with 2,664 square feet
- Each unit includes 3 bedrooms and 2 bathrooms
- Attached 2‑car garage for each residence
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
$38,923
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
7.79%
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%
$778,460
$778.5K
Cap Rate 7%
$556,043
$556.0K
Cap Rate 9%
$432,478
$432.5K
Market Conditions
NOI Build-Up for 2,664 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
$59.1K $22.20/SF
− Vacancy
−$3.5K −$1.33/SF
EGI
$55.6K $20.87/SF
− OpEx
−$16.7K −$6.26/SF
NOI
$38.9K $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%
$778,460
Cap Rate 7%
$556,043
Cap Rate 9%
$432,478
Alternative Uses
Best Use
Multifamily LT 5
$556.0K
$486.5K – $648.7K
NOI $38,923 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$510.7K
$446.9K – $595.8K
NOI $35,750 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$635.6K
$556.1K – $741.5K
NOI $44,490 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 55112, MN
46,728
Population
17,956
Households
2.6
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
2,670
Density / Sq Mi
$93,823
Median Household Income
$47,676
Median Earnings
$1,322
Median Rent
$338,800
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 - Two matching residences provide private outdoor access, in-unit laundry, and attached garage parking in a suburban setting.
Where is this duplex located?
The property is located at 8117-19 Pleasant View Court Mounds View, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,664 square feet; Each unit includes 3 bedrooms and 2 bathrooms; Attached 2‑car garage for each residence
