Do Real Estate on the Go!
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Do Real Estate on the Go!
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$399,000
2 Beds
2 Baths
1,500sqft
2616 39Th Ave S, Minneapolis, MN 55406
$399,000
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Duplex
Built in 1957
$-- HOA
0.12 acre lot
$266/sq.ft
Description
Turnkey Duplex Investment! Strong In-Place Income in Rare River-Adjacent Micro-Location!
This fully renovated side-by-side duplex presents a compelling, numbers-driven investment opportunity with immediate cash flow, low capital risk, and a highly defensible location premium.
Income & Financial Metrics:
Unit 1 Rent: $1,495/mo on month-to-month lease.
Unit 2 Rent: $1,545/mo on month-to-month lease.
Total Monthly Income: $3,040.
Annual Gross Income: $36,480.
Key Investment Metrics (Pro Forma):
GRM: 11.5.
Estimated Expenses (25%): $9,120/year ($760/month).
Estimated NOI: $27,360/year ($2,280/month).
Estimated Cap Rate: 6.5%.
Estimated Cash Flow (Before Financing):
$2,280...
- Houzeo last checked: 53 Minutes ago
- Listing updated: June 10, 2026 at 9:10 am
- Listing Provided by: | Keller Williams Realty Integrity
- Source: Northstar MLS-MN | MLS#: 7038928
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
1,500 sqft
Lot Size
0.12 acre lot
Basement Area
- sqft
MLS Name
Northstar MLS
MLS Number
7038928
Days on Market
35
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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New York State Fair Housing Notice.
