For Sale: Minneapolis MLS# 6774497
Active
NEW!
$350,000
Multi-family: Triplex
Built 1968
4,032 sqft • 0.22 acres
Minneapolis schools
MLS# 6774497
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Property Description
Rare Side-by-Side TRIPLEX Opportunity!
Family-owned and occupied for over 25 years, this well-located property is now ready for its next owner. Whether you’re looking for passive income, a live-in investment (occupy one unit and rent the others), or a perfect setup for extended/multi-generational living, this triplex offers flexibility and potential.
Features include: Side-by-side triplex, two-story, 2 bedrooms and 1 bathroom in each unit, 3-car garage plus ample street parking, prime location next to Harrison Park & Rec Center (currently being renovated with new play areas and athletic fields), convenient access to highways, bus lines, downtown Minneapolis, and the Minneapolis Sculpture Garden.
According to Rentable, the average 2-bedroom apartment rent in the 55405 zip code is around $1, 355/month—great income potential!
Bring your ideas and TLC to make this property shine. Don’t miss this rare opportunity—schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$350,000
Price per sq ft:
$87
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1968
State:
MN
Property Style:
Triplex
Zip Code:
55405
Neighborhood/Area:
Harrison
Subdivision Name:
Maben White & Le Brons Add
Interior
Finished Area:
4,032 ft2
Living Area:
4,032 ft2
Basement Details:
- Full
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
864 ft2
Foundation Size:
1,344 ft2
Handicap Accessible:
None
Heating System:
Boiler
Exterior Material:
Wood Siding
Lot & Land
Acres:
0.22
Geolocation:
44.981389, -93.301618
Lot Dimensions:
75 X 126.5
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
$6,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,763
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,763
Income
Annual Gross Income:
$45,000
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.