918 18 1/2 Avenue NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- Apr 27, 2026
- Days on Market:
- 71
- Last Refresh:
- Jul 6 at 6:06 am
Property Features for 918 18 1/2 Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2
- Parking features
- Garage - Detached
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 1102924440053
- Size
- 1,815 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6365
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
Listing agent Lars Anderson (952) 829-2900
Listing office RE/MAX Results 1609 Hennepin Ave, Eden Prairie, MN (612) 314-1520
Listing date Apr 27, 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
- Classic up/down duplex in Logan Park with two separate 2‑bedroom, 1‑bath units
- Each unit includes a full kitchen, living room, two bedrooms, and a full bath
- Separately metered gas and electric for both units
- Shared basement laundry plus basement space included
- Detached 2‑stall garage and additional off‑street parking
- Stucco exterior and forced‑air heating; built in 1900
Overview
Located in Northeast Minneapolis in the Logan Park area, the home is positioned near local favorites including Indeed Brewing and Dangerous Man, as well as parks and trails. The Mississippi riverfront is also nearby, offering outdoor options within the surrounding neighborhood.
The layout offers flexibility for a range of buyers. Investors can benefit from the ability to maintain rental income with in-place tenants, while owner-occupants can live in one unit and rent the other for added help with monthly expenses. With the core components already in place—two full kitchens and baths per unit, separate entry configuration, and dedicated utility metering—the property can also support a future plan that includes cosmetic updates, should a new owner choose to refresh finishes.
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 | $40.3k | $22.20 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $37.9k | $20.87 |
| − OpEx | −$11.4k | −$6.26 |
| NOI | $26.5k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.248132
- Latitude
- 45.006713
