Four-Unit Multifamily
For Sale
$750,000
901 4th St NE, Minneapolis, MN 55413
Unit mix combines three two-bedroom residences with one one-bedroom residence and separate garage parking.
Property Size3,472 SF
Price / SF$216.01
Days on Market65
Property Features for 901 4th St NE
General Information
Standard status
Active
Size
3,472 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1969
Listing Agency:
Real Broker, LLC
Listed By:
Grant Johnson, GRI, Charlie Fee
(651) 324-3787
Source:
Agoodlifegroup
Added: Aug 19
Changed: Oct 12
Last Checked: Oct 21 at 1:23AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains three two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Each unit provides approximately 800 finished square feet, while the property measures 3,472 square feet overall. Four separate garage stalls are included, giving each residence dedicated garage parking. Constructed in 1969, the building is located at 901 4th St NE in Minneapolis, Minnesota. The property is offered for sale and is scheduled for an expected availability date of August 20, 2026.
Key Highlights
- Three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Approximately 800 finished square feet per unit
- Four separate garage stalls included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,728
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,560
$1.0M
Cap Rate 7%
$724,686
$724.7K
Cap Rate 9%
$563,644
$563.6K
Market Conditions
NOI Build-Up for 3,472 SF
Gross rent
$77.1K $22.20/SF
− Vacancy
−$4.6K −$1.33/SF
EGI
$72.5K $20.87/SF
− OpEx
−$21.7K −$6.26/SF
NOI
$50.7K $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%
$1,014,560
Cap Rate 7%
$724,686
Cap Rate 9%
$563,644
Alternative Uses
Best Use
Multifamily LT 5
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$665.6K
$582.4K – $776.6K
NOI $46,593 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$828.3K
$724.8K – $966.4K
NOI $57,984 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
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Business Placement
Demographics for 55413, MN
13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Unit mix combines three two-bedroom residences with one one-bedroom residence and separate garage parking.
Where is this quadplex located?
The property is located at 901 4th St NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Approximately 800 finished square feet per unit; Four separate garage stalls included
