Twin Cities Suburban Duplex Market Update: Strong Demand Meets Rising Inventory in February 2026

As the duplex, triplex and fourplex markets in Minneapolis and St Paul have changed over the past year, the Twin Cities suburbs continued to be a hotspot for investors.

February’s market data suggests that while some things may be changing, for the most part, the demand for suburban investment properties remains strong.

The month saw 23 new listings hit the market. This was the same number as in January, but up 3% or 15% over one year ago.  However, there was greater year-over-year growth in overall active inventory in the 7-county metro suburbs. Active listings were up 25.6%.

Brooklyn Park and Columbia Heights lead the way with 2 new listings each.  A Maple Plain duplex with a total of 2 bedrooms and 2 bathrooms offered an opportunity in the hot northwest corridor at $300,000. An Apple Valley with 12 bedrooms, 8 bathrooms was a rare south-of-the-river fourplex opportunity at $725,000.

Swelling in inventory was compounded by what may or may not ultimately prove to be a trend in declining sales. While 16 properties sold in January, and 12 in February, 2025, just 8 traded hands this February. These two factors combined to create a 6-month supply of inventory; double what it was in both January and one year ago.

A single month of declining sales or increased inventory does not necessarily make a trend. Proof may be found that sellers sold at a median sales price of $493,451; an average of 100% of their original list price. Ths was up from January’s 97.3% and down a bit from February 2025’s 100.2%.

Sold properties spent a median of just two more days than last year; up to 40 from 38. That figure grew to 4 days when including those sales in which the property had previously been listed, cancelled, then returned to the market before selling.

The suburbs saw 8 different communities have sales in February. A fully-renovated 6 bedroom, 4 bathroom side-by-side duplex in Minnetonka topped the market at $750,000. Meanwhile, a 4 bedroom, 2 bathroom Columbia Height side-by-side set a high floor for the value of the month at $350,000.

The month also saw 19 property listings expire without selling. This was down from January’s 18, and last February’s 23. It’s a sign, perhaps, that things are selling. They just are taking a bit longer to do so.

As we head deeper into spring, I expect we will find out if these slight changes in suburban Twin Cities duplex sales were unique to February or a broader trend.

If you’re thinking of buying or selling a duplex in Minneapolis, St Paul or any of the surrounding suburbs, give me a call. I’d be happy to help.