{"@odata.id":"https:\/\/api.mlsgrid.com\/v2\/Property('NST7870318')","ListingKey":"NST7870318","NST_AboveGradeSqFtTotal":"1500","AboveGradeFinishedArea":1500,"AccessibilityFeatures":["None"],"AdditionalParcelsYN":false,"NST_AgentOwner":"No","LivingAreaUnits":"Square Feet","NST_AssessmentPending":"No","Basement":["Block","Full"],"BasementYN":true,"BathroomsTotalInteger":2,"BedroomsTotal":2,"NST_BelowGradeSqFtTotal":"1344","BelowGradeFinishedArea":0,"BuyerOfficeName":"Coldwell Banker Realty - Lakes","CumulativeDaysOnMarket":27,"City":"Minneapolis","CloseDate":"2026-06-30","ClosePrice":390000,"ConcessionsAmount":0,"NewConstructionYN":false,"Contingency":"None","CountyOrParish":"Hennepin","NST_DPResource":"Yes","Directions":"94 to Riverside, to E Franklin, to Seabury Ave to S 39th Ave.","DocumentsCount":4,"DocumentsChangeTimestamp":"2026-05-11T18:22:10.139Z","DaysOnMarket":27,"ElectricExpense":0,"NST_ExpectedMarketDate":"2026-05-14","ExteriorFeatures":["Stone","Fiber Board"],"FoundationArea":1344,"FoundationDetails":["Block"],"NST_FractionalOwnershipYN":"No","NST_Fuel":["Electric","Natural Gas"],"FuelExpense":0,"GarageSpaces":0,"GrossIncome":36480,"Heating":["Forced Air"],"HighSchoolDistrict":"Minneapolis","NST_ForeclosureStatus":"No","InsuranceExpense":3200,"InternetAddressDisplayYN":true,"InternetAutomatedValuationDisplayYN":false,"InternetConsumerCommentYN":false,"InternetEntireListingDisplayYN":true,"LandLeaseYN":false,"Latitude":44.95492899999999991678123478777706623077392578125,"NST_LenderOwned":"No","Levels":["One"],"ListPrice":399000,"ListingContractDate":"2026-05-11","ListingId":"NST7038928","LivingArea":1500,"Longitude":-93.21692500000000336513039655983448028564453125,"LotFeatures":["Public Transit (w\/in 6 blks)"],"LotSizeArea":0.11999999999999999555910790149937383830547332763671875,"LotSizeDimensions":"40x129.23x40x129.23","LotSizeUnits":"Acres","NST_MainLevelFinishedArea":"1500","MaintenanceExpense":250,"ManagerExpense":0,"NST_IncomeMiscAnn":"0","NST_IncomeMiscMon":"0","NST_NeighborhoodName":"Seward","NST_NeighborhoodNumber":"67","NetOperatingIncome":31024,"NumberOfUnitsTotal":2,"OffMarketDate":"2026-06-10","OperatingExpense":5456,"OriginalEntryTimestamp":"2026-05-14T00:00:18.000Z","OtherExpense":250,"NST_OwnerOccupied":"No","OwnerPays":["Repairs","Sewer","Trash Collection","Water"],"ParcelNumber":"3102923420116","ParkingFeatures":["Other"],"PendingTimestamp":"2026-06-10T04:09:16.000Z","PhotosCount":14,"PhotosChangeTimestamp":"2026-05-12T13:46:06.257Z","PostalCity":"Minneapolis","PostalCode":"55406","NST_PotentialShortSale":"No","NST_PresentUse":"Yearly","PropertySubType":"Duplex Side by Side","PropertyType":"Residential Income","PublicRemarks":"Turnkey Duplex Investment! Strong In-Place Income in Rare River-Adjacent Micro-Location! \nThis 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.\nIncome & Financial Metrics:\nUnit 1 Rent: $1,495\/mo on month-to-month lease.\nUnit 2 Rent: $1,545\/mo on month-to-month lease. \nTotal Monthly Income: $3,040.\nAnnual Gross Income: $36,480.\n\nKey Investment Metrics (Pro Forma):\nGRM: 11.5.\nEstimated Expenses (25%): $9,120\/year ($760\/month).\nEstimated NOI: $27,360\/year ($2,280\/month).\nEstimated Cap Rate: 6.5%.\n\nEstimated Cash Flow (Before Financing):\n$2,280\/mo.\nEstimated Cash Flow (With Financing \u2013 Illustrative):\n25% down ~$180\u2013$300\/mo positive.\n30% down ~$350\u2013$500\/mo positive.\n40% down ~$700\u2013$900\/mo positive.\nThese metrics position the asset competitively, offering both stability and yield.\n\nTenant Profile:\nFully leased with two A+ tenants.\nImmediate income continuity.\nReduced vacancy risk.\n\nCapital Improvements:\n$30,000 invested (Q4 2025). Updated kitchens, lighting, flooring, and finishes. Hardwood floors, updated counters\/backsplash, newer appliances (gas stoves).\nMinimal near-term capital needs.\n\nProperty Configuration:\nSide-by-side duplex (preferred layout).\nEach unit: 1 bed,1 bath (750 sq ft).\nSeparate entrances, Private basements with laundry. Alley access with off-street pluls street parking.\nLocation \u2013 Rare, Micro-Market Advantage:\nLocated on a quiet, dead-end street lined with mature trees & historic homes, just one block off West River Road, this property sits in a high-demand micro-location that is exceptionally difficult to replicate.\nDirect access to West River Parkway and Mississippi River trails offering premier biking, walking, and outdoor lifestyle appeal.\n\nKey advantages:\nDead-end street. Privacy and low traffic.\nWalkability to parks, transit, shopping, and restaurants.\nStrong tenant demand drivers.\nSurrounded by higher-value homes supporting long-term stability.\nOpportunities in this specific pocket are extremely limited, reinforcing long-term value.\n\nInvestment Summary: Proven income. Attractive cap rate. Recent improvements. Strong tenants. Irreplaceable location.\nThis property offers a balanced profile of immediate cash flow and long-term upside in a location that stands apart from typical duplex offerings!","PublicSurveyRange":"23","PublicSurveySection":"31","PublicSurveyTownship":"29","NST_RentalLicenseType":["Standard"],"NST_RentalLicenseYN":"Y","RoadFrontageType":["City Street"],"Roof":["Age Over 8 Years","Asphalt"],"NST_SchoolDistrictFullName":"1 - Minneapolis","NST_SchoolDistrictNumber":"1","NST_SchoolDistrictPhone":"6126680000","Sewer":["City Sewer\/Connected"],"StandardStatus":"Closed","StateOrProvince":"MN","StreetDirSuffix":"S","StreetName":"39th","StreetNumber":"2616","StreetNumberNumeric":2616,"StreetSuffix":"Avenue","SubdivisionName":"Dormans 1st Add","TaxAnnualAmount":7225,"NST_TaxWithAssessments":"7225","TaxYear":2026,"TenantPays":["Broadband","Cable TV","Electricity","Gas","Heat"],"NST_TotalArea":"2844","BuildingAreaTotal":2844,"Township":"Minneapolis","TrashExpense":400,"VideosCount":0,"WaterSewerExpense":1356,"WaterSource":["City Water\/Connected"],"WaterfrontYN":false,"YearBuilt":1957,"ZoningDescription":"Residential-Multi-Family","BuyerAgentKey":"NST58267","BuyerAgentMlsId":"NST502003867","BuyerOfficeMlsId":"NST5116","BuyerOfficeKey":"NST16638","ListAgentKey":"NST106729","ListAgentMlsId":"NST502046485","ListOfficeMlsId":"NST40547","ListOfficeName":"Keller Williams Realty Integrity","ListOfficeKey":"NST19321","ModificationTimestamp":"2026-07-02T20:16:06.196Z","OriginatingSystemName":"northstar","MlgCanView":true,"MlgCanUse":["IDX"]}