Multifamily Property Near
For Sale
$450,000
840 25th Ave SE, Minneapolis, MN 55414
Located near both U of M campuses with a short walk to the busline.
Property Size1,728 SF
Price / SF$260.42
Days on Market97
Property Features for 840 25th Ave SE
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
University
Public Transit
Yes
Building Details
Year Built
1961
Listing Agency:
Keller Williams Realty Integrity
Listed By:
Kari M Lundin · License #402183256
(612) 290-5998
Source:
Agoodlifegroup
Added: Jul 21
Changed: Oct 14
Last Checked: Oct 24 at 7:01PM
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 Keller Williams Realty Integrity
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Investment Insights
Based on property information with market context.
This multifamily property at 840 25th Ave SE in Minneapolis was built in 1961 and offers 1,728 of property size. Its central Minneapolis setting places the property near both U of M campuses, with busline access within a short walk.
Key Highlights
- Multifamily property at 840 25th Ave SE, Minneapolis, MN 55414
- 1,728 property size
- Built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,189
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,780
$463.8K
Cap Rate 7%
$331,271
$331.3K
Cap Rate 9%
$257,656
$257.7K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$45.0K $26.04/SF
− Vacancy
−$2.8K −$1.64/SF
EGI
$42.2K $24.40/SF
− OpEx
−$19.0K −$10.98/SF
NOI
$23.2K $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%
$463,780
Cap Rate 7%
$331,271
Cap Rate 9%
$257,656
Alternative Uses
Best Use
Apartment 5plus
$331.3K
$289.9K – $386.5K
NOI $23,189 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.3K
$360.7K – $481.0K
NOI $28,859 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
769
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?
Multifamily property - Located near both U of M campuses with a short walk to the busline.
Where is this multifamily property located?
The property is located at 840 25th Ave SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Multifamily property at 840 25th Ave SE, Minneapolis, MN 55414; 1,728 property size; Built in 1961
