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4162 Adair Ave N 2 Unit Apartment Building Offered at $421,941 at a 7.11% Cap Rate Minneapolis, MN 55422
Executive Summary
Duplex ready for new owner. Fully Rented. Remodeled 2024
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $421,941 | Property Type | Multifamily |
| Price Per Unit | $210,971 | Building Size | 2,024 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.11% | No. Stories | 1 |
| Gross Rent Multiplier | 42 | Year Built/Renovated | 1959/2024 |
| No. Units | 2 | ||
| Zoning | SFR2 - Duplex | ||
| Price | $421,941 |
| Price Per Unit | $210,971 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| Gross Rent Multiplier | 42 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,024 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2024 |
| Zoning | SFR2 - Duplex |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+3.5 | 2 | $2,000 | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-118-21-23-0012 | Total Assessment | $349,900 (2024) |
| Land Assessment | $110,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $239,900 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
16-118-21-23-0012
Land Assessment
$110,000 (2024)
Improvements Assessment
$239,900 (2024)
Total Assessment
$349,900 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4162 Adair Ave N
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