Duplex with Updated
For Sale
$384,900
904 9th Avenue SE, Minneapolis, MN 55414
Residential Income, Minneapolis, MN
Property Size2,376 SF
Lot Size0.06 Acres
Price / SF$161.99
Days on Market124
Property Features for 904 9th Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 6, Laundry Room, Bedroom 1, Basement, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Driveway, Parking Lot
Fencing
Privacy
Subdivision
Clara E Fuller Add
Lot features
Tree Coverage - Medium
High school district
Minneapolis
Directions
35W to Exit on University Ave SE/ SE 4th St to East on University Ave SE to Left on 10th Ave SE to Left on SE 8th St to Right on SE 9th Ave to Property on Right.
Standard status
Active
APN
2402924210029
Size
2,376 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7404
Utilities
Heating system
Radiant
Building Details
Year built
1990
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
Chestnut Realty Inc
(952) 448-3344
Listed By:
Bryan Haasken
(952) 448-4925
Added: Jun 4
Changed: Oct 2
Last Checked: Oct 5 at 12:06PM
MLS# 7087225
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 2,376-square-foot duplex, built in 1990, contains two three-bedroom, one-bathroom residences. Each unit has a kitchen, dining room, and living room. The lower-level residence received a broad interior renovation, including replacement kitchen cabinets, vinyl plank flooring, carpet, a bathroom vanity, and an A/C unit. Upper-level improvements include new carpet installed 4 years ago, fresh paint, a replacement bathroom vanity, and updated kitchen flooring.
The property occupies a 0.06-acre lot in Minneapolis, near the University of Minnesota, with restaurants, breweries, and shopping in the surrounding area. Freeway access is also noted. Parking features include a driveway and parking lot.
The property occupies a 0.06-acre lot in Minneapolis, near the University of Minnesota, with restaurants, breweries, and shopping in the surrounding area. Freeway access is also noted. Parking features include a driveway and parking lot.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 bathroom in each residence
- 2,376 square feet on a 0.06‑acre lot
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,715
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,300
$694.3K
Cap Rate 7%
$495,929
$495.9K
Cap Rate 9%
$385,722
$385.7K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$52.7K $22.20/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$49.6K $20.87/SF
− OpEx
−$14.9K −$6.26/SF
NOI
$34.7K $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%
$694,300
Cap Rate 7%
$495,929
Cap Rate 9%
$385,722
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.6K
NOI $34,715 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.4K
NOI $31,885 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$566.9K
$496.0K – $661.3K
NOI $39,680 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences provide three bedrooms, a full bathroom, and separate kitchen, dining, and living areas.
Where is this duplex located?
The property is located at 904 9th Avenue SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1 bathroom in each residence; 2,376 square feet on a 0.06‑acre lot; Built in 1990
