Updated Duplex with Separate
825 18th Avenue NE Minneapolis, MN 55418
New
825 18th Avenue NE, Minneapolis, MN, 55418
$325,000
For Sale
$325,000
MULTI_FAMILY - Minneapolis, MN
Property Size1,900 SF
Lot Size0.09 Acres
Price / SF$171.05
Days on Market7
Property Features for 825 18th Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 2
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 2
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 1102924440179
- Size
- 1,900 SF
- Lot size
- 0.09 Acres
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
(651) 484-8800
480 West Hwy 96 No. 200 Shoreview, Eden Prairie, MN
Listed by
Kent Hranicka
(952) 829-2900
Added: Jul 15 Updated: Jul 16 at 6:20 am Checked: Jul 21 at 5:06 am
MLS# 7098777
Listing URL
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.
This recently updated duplex provides a practical layout for either rental income or an owner-occupant arrangement. Electricity and gas are separated between the two units, allowing independent utility management.
The property is centrally located in Northeast Minneapolis, with access to local amenities including restaurants, breweries, cafes, and parks.
The building sits on a relatively small lot, and there is potential to add a parking space in front of the building by adding a curb cut.
The property is centrally located in Northeast Minneapolis, with access to local amenities including restaurants, breweries, cafes, and parks.
The building sits on a relatively small lot, and there is potential to add a parking space in front of the building by adding a curb cut.
Key Highlights
- Recently updated duplex with separated electricity and gas between units
- 7‑bedroom, 2‑bathroom layout includes a basement
- Centrally located in Northeast Minneapolis
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.2k | $22.20 |
| − Vacancy | −$2.5k | −$1.33 |
| EGI | $39.7k | $20.87 |
| − OpEx | −$11.9k | −$6.26 |
| NOI | $27.8k | $14.61 |
1,900 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$364.2K
$318.7K – $425.0K
NOI $25,497 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$453.3K
$396.6K – $528.9K
NOI $31,731 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Recently updated duplex offering separated electricity and gas between units and flexible live-in or rental use.
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 $325,000.
What are key features of this property?
This property features: Recently updated duplex with separated electricity and gas between units; 7‑bedroom, 2‑bathroom layout includes a basement; Centrally located in Northeast Minneapolis
