Side-by-Side Duplex with Remodeled
For Sale
$475,000
9522 Pleasant Avenue S, Bloomington, MN 55420
Two-bedroom units offer basement areas and substantial backyard space in Bloomington.
Property Size1,550 SF
Price / SF$306.45
Days on Market53
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Property Features for 9522 Pleasant Avenue S
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1967
Buildings
1
Listing Agency:
Century 21 First Realty, Inc
Listed By:
The BPR Experience
(952) 992-9279
Source:
Thebprexperience
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 14 at 11:23PM
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 Century 21 First Realty, Inc
Investment Insights
Based on property information with market context.
Built in 1967, this side-by-side duplex contains 1,550 square feet with two residential units. Each unit includes two bedrooms, one bathroom, and a basement area, while both units have received recent updates. The right-hand unit at 9522 Pleasant Avenue S has undergone a complete remodel and is ready for occupancy or leasing.
The left unit is occupied by a tenant who has lived there for two years and is expected to remain through 2027. Both sides benefit from large backyard areas, adding usable outdoor space to the property. The duplex is located in Bloomington, Minnesota, at 9522 Pleasant Avenue S.
The left unit is occupied by a tenant who has lived there for two years and is expected to remain through 2027. Both sides benefit from large backyard areas, adding usable outdoor space to the property. The duplex is located in Bloomington, Minnesota, at 9522 Pleasant Avenue S.
Key Highlights
- Side‑by‑side duplex with 1,550 square feet
- Two units, each with 2 bedrooms and 1 bathroom
- Both units include basement areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,087
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,740
$401.7K
Cap Rate 7%
$286,957
$287.0K
Cap Rate 9%
$223,189
$223.2K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$30.7K $19.80/SF
− Vacancy
−$2.0K −$1.29/SF
EGI
$28.7K $18.51/SF
− OpEx
−$8.6K −$5.55/SF
NOI
$20.1K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,740
Cap Rate 7%
$286,957
Cap Rate 9%
$223,189
Alternative Uses
Best Use
Multifamily LT 5
$287.0K
$251.1K – $334.8K
NOI $20,087 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$258.8K
$226.5K – $302.0K
NOI $18,117 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$369.8K
$323.6K – $431.4K
NOI $25,886 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 55420, MN
23,128
Population
9,638
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
3,452
Density / Sq Mi
$77,539
Median Household Income
$42,441
Median Earnings
$1,277
Median Rent
$306,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units offer basement areas and substantial backyard space in Bloomington.
Where is this duplex located?
The property is located at 9522 Pleasant Avenue S Bloomington, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 1,550 square feet; Two units, each with 2 bedrooms and 1 bathroom; Both units include basement areas
