$ 400,000
-
$400,000
Price -
4
Bed -
3
Bath -
2,664
SqFt -
0.15
Acre
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About the Listing 5011 - 502014870
Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus a 1 bedroom and a studio ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand—ideal for an investor or owner-occupant seeking rental income and long-term upside!
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2664
- Basement: Daylight/Lookout Windows,Full,Owner Access,Unfinished
- Other:
- Water: City Water/Connected
Exterior Details
- Lot Description: Public Transit (w/in 6 blks)
- Garage Capacity: 2 car
- Lot Dimensions: 45x145
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage,RV Access/Parking
Financial Details
- Tax Amount: $7,229
- Taxes w/Assessments: N/A
- Tax/Property ID: 2102924340168
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
226 Gramercy Ave Minneapolis, MN 55405
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