909 22nd Avenue NE, Minneapolis, MN 55418
- Added:
- Mar 10, 2026
- Days on Market:
- 113
- Last Refresh:
- Jun 30 at 3:06 pm
Property Features for 909 22nd Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 8, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Basement, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
- Parking features
- Covered
- Exterior features
- Stucco
- Fencing
- Privacy
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Pending
- APN
- 1102924410084
- Size
- 3,553 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9287
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1885
Listing agent Nicole Goltz (612) 749-8404
Listing office Realty ONE Group Choice 1893 Station Parkway NW, Andover, MN (763) 400-3680
Listing date Mar 10, 2026
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.
HighLights
- 4‑plex built in 1885 with four 2‑bedroom units and 4,000 SF of living space
- Original hardwood floors in each unit plus a private 3‑season porch
- Additional unit outdoor space: two units feature an extra balcony or porch
- Full walkup attic provides expansion potential
- Forced‑air heating; stucco exterior
- Covered parking plus privacy fencing and an accessible approach with ramp
Overview
Located in Windom Park in Northeast Minneapolis, the building is positioned in the heart of the neighborhood. The seller notes the home is within blocks of restaurants, breweries, galleries, and trails, with downtown listed as just minutes away.
For tenants, the layout supports straightforward 2-bedroom living with private outdoor space and original interior features. For an owner-occupant, the configuration allows one unit to be occupied while the remaining units support rental income. For investors, the property’s four-unit structure and maintained condition provide a turnkey residential income option, with the walkup attic offering an additional project area depending on how the property is ultimately reconfigured.
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 | $78.9k | $22.20 |
| − Vacancy | −$4.7k | −$1.33 |
| EGI | $74.2k | $20.87 |
| − OpEx | −$22.2k | −$6.26 |
| NOI | $51.9k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.248539
- Latitude
- 45.010159
