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$849,900
Est. payment /mo
10 Beds
8 Baths
4,900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,900 sqft
Price per Sqft $173
Subdivision Bakers Add
MLS Listing ID 7079275
Bedrooms 10
Year Built 2005
Annual Tax Amount $14,668
Tax Year 2026
Contingent None
Lot Size 5,662 Sqft
Lot Dimensions 45x129
Property Sub-Type Triplex
Property Description
A rare turnkey 2005-built fourplex, legally non-conforming, in one of Minneapolis's most in-demand rental submarkets — this property offers investors a stabilized asset with strong, consistent rents across all four units. The property has had zero vacancies in five years, and strong tenant quality and rental history make it a proven income producer from day one, not a projection. Current gross rents total $7,650 per month, or $91,800 annually. There's also a clear value-add lever: water can be separately metered so tenants cover their own usage, immediately improving NOI. Built in 2005, the property is newer construction than most of the surrounding rental stock, meaning lower near-term capex risk on major systems, and all four units feature modern kitchens, updated baths, and in-unit laundry — amenities that support premium rents and tenant retention. Located within walking distance to Uptown's restaurants, retail, and transit, the property benefits from the kind of walkability that keeps this submarket in consistent demand and supports long-term appreciation. With stabilized cash flow and a clear expense-reduction opportunity, this non-conforming fourplex offers rare in-place income in one of Uptown's tightest rental markets.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block, Egress Window(s), Finished
Interior
Heating Forced Air
Fireplace No
Laundry In Unit
Exterior
Parking Features Detached Garage
Garage Spaces 3.0
Fence None
Pool None
Roof Type Age Over 8 Years
Building
Story Two
Foundation 1800
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
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Listed by Shelbie Walsh • Real Broker, LLC
Nearby Locations
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