Renovated Up/Down
For Sale
$700,000
812 7th St SE, Minneapolis, MN 55414
Updated two-level duplex with off-street parking and substantial bedroom capacity near the University of Minnesota’s East Bank campus.
Property Size3,686 SF
Price / SF$189.91
Days on Market53
Property Features for 812 7th St SE
General Information
Standard status
Active
Size
3,686 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA, 1 x 7BR/2BA
Multifamily Units
2
Building Details
Year Built
1900
Year Renovated
2023
Buildings
1
Listing Agency:
eXp Realty
Listed By:
Viet Le
(612) 306-5277
Source:
Searchhousesnow
Added: Aug 25
Changed: Oct 14
Last Checked: Oct 7 at 3:07PM
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.
Located at 812 7th St SE in Minneapolis, this up/down duplex provides 3,686 square feet across two residential units. The main-level apartment contains 4 bedrooms and 2 bathrooms, while the upper apartment offers 7 bedrooms and 2 bathrooms. Both units include common living areas and natural light, with the property renovated in 2023 with new flooring, vinyl, and upgraded windows.
The property is in Minneapolis’s Marcy-Holmes neighborhood, near the University of Minnesota’s East Bank campus, Dinkytown, Northeast Minneapolis, and the Stone Arch Bridge. Restaurants, coffee shops, trails, and the riverfront are within walking distance. Off-street parking is located behind the building, adding practical functionality for residents.
The property is in Minneapolis’s Marcy-Holmes neighborhood, near the University of Minnesota’s East Bank campus, Dinkytown, Northeast Minneapolis, and the Stone Arch Bridge. Restaurants, coffee shops, trails, and the riverfront are within walking distance. Off-street parking is located behind the building, adding practical functionality for residents.
Key Highlights
- 3,686‑square‑foot duplex built in 1900
- Main‑level unit includes 4 bedrooms and 2 bathrooms
- Upper unit includes 7 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,855
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,100
$1.1M
Cap Rate 7%
$769,357
$769.4K
Cap Rate 9%
$598,389
$598.4K
Market Conditions
NOI Build-Up for 3,686 SF
Gross rent
$81.8K $22.20/SF
− Vacancy
−$4.9K −$1.33/SF
EGI
$76.9K $20.87/SF
− OpEx
−$23.1K −$6.26/SF
NOI
$53.9K $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%
$1,077,100
Cap Rate 7%
$769,357
Cap Rate 9%
$598,389
Alternative Uses
Best Use
Multifamily LT 5
$769.4K
$673.2K – $897.6K
NOI $53,855 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$706.6K
$618.3K – $824.4K
NOI $49,465 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$879.4K
$769.5K – $1.03M
NOI $61,558 @ 7.0% cap · market cap 8.79%
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
2,664
Businesses Nearby
Explore this area
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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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 - Updated two-level duplex with off-street parking and substantial bedroom capacity near the University of Minnesota’s East Bank campus.
Where is this duplex located?
The property is located at 812 7th St SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,686‑square‑foot duplex built in 1900; Main‑level unit includes 4 bedrooms and 2 bathrooms; Upper unit includes 7 bedrooms and 2 bathrooms
