Side-by-Side
For Sale
$529,999
8704 Bass Creek Ave N, Brooklyn Park, MN 55428
Two connected residences offer separate outdoor access and a fenced lot in a transit-accessible area.
Property Size3,688 SF
Lot Size0.28 Acres
Price / SF$143.71
Days on Market111
Property Features for 8704 Bass Creek Ave N
General Information
Standard status
Active
Size
3,688 SF
Lot size
0.28 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,624
Amenities
wood fence
private deck
Listing Agency:
My Home Realty Company
(952) 936-7721
Listed By:
Gregory C Linde
(952) 936-7721
Source:
Exprealty
Added: May 1
Changed: Aug 18
Last Checked: Aug 18 at 7:15AM
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 My Home Realty Company
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with 3 bedrooms and 2 bathrooms. The 3,688-square-foot property sits on a 0.28-acre lot enclosed by a wood fence. The lower-level residence includes walk-out access, while the upper-level residence opens to a private deck, providing distinct outdoor connections for each unit.
Located in Brooklyn Park, the property offers access to major roadways, public transportation, parks, and shopping. The separate-unit configuration and individual outdoor features support practical residential use within a multifamily setting.
Located in Brooklyn Park, the property offers access to major roadways, public transportation, parks, and shopping. The separate-unit configuration and individual outdoor features support practical residential use within a multifamily setting.
Key Highlights
- Side‑by‑side duplex with 3,688 SF of building area
- Each unit includes 3 bedrooms and 2 bathrooms
- Situated on a 0.28‑acre lot with a wood fence
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
$47,793
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
9.02%
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%
$955,860
$955.9K
Cap Rate 7%
$682,757
$682.8K
Cap Rate 9%
$531,033
$531.0K
Market Conditions
NOI Build-Up for 3,688 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
$73.0K $19.80/SF
− Vacancy
−$4.7K −$1.29/SF
EGI
$68.3K $18.51/SF
− OpEx
−$20.5K −$5.55/SF
NOI
$47.8K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /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%
$955,860
Cap Rate 7%
$682,757
Cap Rate 9%
$531,033
Alternative Uses
Best Use
Multifamily LT 5
$682.8K
$597.4K – $796.6K
NOI $47,793 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$615.8K
$538.8K – $718.5K
NOI $43,107 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$879.9K
$769.9K – $1.03M
NOI $61,592 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 55428, MN
31,896
Population
13,495
Households
2.4
Avg Household Size
37
Median Age
29%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,938
Density / Sq Mi
$69,004
Median Household Income
$43,173
Median Earnings
$1,291
Median Rent
$277,900
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 connected residences offer separate outdoor access and a fenced lot in a transit-accessible area.
Where is this duplex located?
The property is located at 8704 Bass Creek Ave N Brooklyn Park, MN.
What is the asking price?
The asking price for this property is $529,999.
What are key features of this property?
This property features: Side‑by‑side duplex with 3,688 SF of building area; Each unit includes 3 bedrooms and 2 bathrooms; Situated on a 0.28‑acre lot with a wood fence
