Duplex with Detached
For Sale
$394,900
958 26th Ave NE, Minneapolis, MN 55418
Two residential units include a vacant upper home and a leased main-level residence.
Property Size2,574 SF
Price / SF$153.42
Days on Market49
Property Features for 958 26th Ave NE
General Information
Standard status
Active
Size
2,574 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
RE/MAX Results
Listed By:
Clark Lensing · License #40534808
(612) 408-8554
Source:
Tayloronken
Added: Aug 20
Changed: Sep 18
Last Checked: Oct 7 at 5:21PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This 2,574-square-foot duplex includes two distinct residences and a full unfinished basement for storage. The upper unit is vacant and contains three bedrooms, a dedicated office, one full bathroom, and a 32 x 21 top-floor area that can accommodate flexible living or workspace. The main-level unit offers two bedrooms, one bathroom, and separate living and dining areas; its lease runs through January 31, 2027.
Exterior features include a detached one-car garage and additional off-street parking. The property is located at 958 26th Ave NE in Minneapolis, within Northeast Minneapolis and near coffee shops, craft breweries, the arts district, parks, and Downtown access.
Exterior features include a detached one-car garage and additional off-street parking. The property is located at 958 26th Ave NE in Minneapolis, within Northeast Minneapolis and near coffee shops, craft breweries, the arts district, parks, and Downtown access.
Key Highlights
- 2,574‑square‑foot duplex with two residential units
- Vacant upper unit with 3 bedrooms, dedicated office, and 1 full bathroom
- Upper‑level 32 x 21 space provides additional flexible area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,542
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,840
$690.8K
Cap Rate 7%
$493,457
$493.5K
Cap Rate 9%
$383,800
$383.8K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$67.0K $26.04/SF
− Vacancy
−$4.2K −$1.64/SF
EGI
$62.8K $24.40/SF
− OpEx
−$28.3K −$10.98/SF
NOI
$34.5K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,840
Cap Rate 7%
$493,457
Cap Rate 9%
$383,800
Alternative Uses
Best Use
Multifamily LT 5
$537.3K
$470.1K – $626.8K
NOI $37,608 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$493.5K
$431.8K – $575.7K
NOI $34,542 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$614.1K
$537.3K – $716.5K
NOI $42,987 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
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 - Two residential units include a vacant upper home and a leased main-level residence.
Where is this duplex located?
The property is located at 958 26th Ave NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: 2,574‑square‑foot duplex with two residential units; Vacant upper unit with 3 bedrooms, dedicated office, and 1 full bathroom; Upper‑level 32 x 21 space provides additional flexible area
