Updated Stone
For Sale
$299,000
825 18th Avenue NE, Minneapolis, MN 55418
Residential Income, Minneapolis, MN
Property Size1,900 SF
Lot Size0.09 Acres
Price / SF$157.37
Days on Market102
Property Features for 825 18th Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Basement, Bedroom 7, Bathroom 1, Bedroom 5, Bathroom 2, Laundry Room, Bedroom 2
Subdivision
Wilsons Rgt Blks East Side Add
High school district
Minneapolis
Directions
From I-94, take broadway st exit eastbound. Turn north on Monroe St NE, turn right on 18th Ave. House is on north side.
Standard status
Active
APN
1102924440179
Size
1,900 SF
Lot size
0.09 Acres
Additional Details
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4396
Utilities
Heating system
Forced Air, Baseboard
Building Details
Year built
1900
Building materials
Stone
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Kent Hranicka
(952) 829-2900
Added: Jul 15
Changed: Oct 23
Last Checked: Oct 24 at 10:06PM
MLS# 7098777
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.
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Investment Insights
Based on property information with market context.
This 1,900-square-foot duplex was built in 1900 and has stone construction with a shingle roof. The two-unit property has seven bedrooms and two bathrooms, with forced-air and baseboard heating. Recent updates are noted, and each unit has separate gas and electric service.
Set in Northeast Minneapolis, the property is near restaurants, breweries, cafes, and parks. The 0.09-acre site is at 825 18th Avenue NE.
Set in Northeast Minneapolis, the property is near restaurants, breweries, cafes, and parks. The 0.09-acre site is at 825 18th Avenue NE.
Key Highlights
- 1,900 square feet across two residential units
- Gas and electric service separated between units
- Seven bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,497
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,940
$509.9K
Cap Rate 7%
$364,243
$364.2K
Cap Rate 9%
$283,300
$283.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$49.5K $26.04/SF
− Vacancy
−$3.1K −$1.64/SF
EGI
$46.4K $24.40/SF
− OpEx
−$20.9K −$10.98/SF
NOI
$25.5K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,940
Cap Rate 7%
$364,243
Cap Rate 9%
$283,300
Alternative Uses
Best Use
Multifamily LT 5
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$364.2K
$318.7K – $425.0K
NOI $25,497 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$453.3K
$396.6K – $528.9K
NOI $31,731 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,699
Businesses Nearby
Explore this area
Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric service for each residence supports independent utility management.
Where is this duplex located?
The property is located at 825 18th Avenue NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,900 square feet across two residential units; Gas and electric service separated between units; Seven bedrooms and two bathrooms
