$ 825,000
-
$825,000
Price -
10
Bed -
8
Bath -
4,900
SqFt -
0.13
Acre
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About the Listing 200018 - 506013010
A rare turnkey 2005-built triplex, with an extra studio/storage space, 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 the 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 property offers rare in-place income in one of Uptown's tightest rental markets.
Listing Highlights
Interior Details
- Bedrooms: 10
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3600
- Below Ground Sq Ft: 1300
- Basement: Block,Egress Window(s),Finished
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: 3 car
- Lot Dimensions: 45x129
- Zoning: Residential-Multi-Family
- Roof: Age Over 8 Years
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage
Financial Details
- Tax Amount: $14,668
- Taxes w/Assessments: N/A
- Tax/Property ID: 0302824320126
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3514 Grand Ave S Minneapolis, MN 55408
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