924 9th Avenue SE Minneapolis, MN 55414
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 924 9th Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 4, Basement, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 2402924210034
- Size
- 2,079 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4790
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1990
- Roof type
- Shingle
Listing agent Michael Moe (763) 657-4444
Listing office Keller Williams Classic Rlty NW 10402 73rd Ave N, Maple Grove, MN (763) 463-7500
Listing date Jul 8, 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.
Investment Insights
Based on property information with market context.
Located at 924 9th Avenue SE in Minneapolis, the duplex is about one mile from the University of Minnesota, supporting day-to-day renter demand.
The HOA covers lawn care, snow removal, hazard insurance, and garbage/recycling, helping reduce routine ownership responsibilities. The listing also notes an assumable FHA loan at 3.8%, with a current principal and interest payment of $1,814.56 for the assumption.
Key Highlights
- Duplex built in 1990 with vinyl exterior and shingle roof
- Each unit has 3 bedrooms and 1 bathroom
- Assumable FHA loan referenced at 3.8%, with current principal and interest payment of $1,814.56
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 | $46.2k | $22.20 |
| − Vacancy | −$2.8k | −$1.33 |
| EGI | $43.4k | $20.87 |
| − OpEx | −$13.0k | −$6.26 |
| NOI | $30.4k | $14.61 |
