2314 Portland Avenue S, Minneapolis, MN 55404
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
2314 Portland Avenue S,Minneapolis, MN 55404
$409,900
- 9 Beds
- 3 Baths
- 4,105 sq. ft.
- Multi-family
- Active
Listed by: david h berglund
Office: summit realty llc.
MLS#:7075280
Source:NSMLS
Price summary
- Price:$409,900
- Price per sq. ft.:$76.26
About this home
Excellent multifamily investment opportunity in a prime South Minneapolis location with long-term tenants! This well-maintained, large duplex at 2314 Portland Ave S, Minneapolis, MN 55404 offers spacious living arrangements with 5BR/2BA and 3BR/1BA units, separate entrances, and abundant off-street parking, a rare amenity in the urban core.
The property combines strong functionality with excellent rental potential, making it ideal for both investors and owner-occupants seeking stable income and long-term appreciation. Spacious units, flexible layouts, and consistent tenant demand create an attractive opportunity in one of Minneapolis’ most accessible neighborhoods.
Conveniently located near downtown Minneapolis, public transit, parks, restaurants, hospitals, and major employment corridors, this property offers outstanding connectivity and strong tenant appeal.
Additional upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled.
The property is fully occupied with long-term tenants in place, providing stable and predictable income:
Unit 1 (5BR/2BA): $2,050/month lease through May 31, 2027
Unit 2 (3BR/1BA): $1,750/month lease through March 31, 2027
Current Gross Rental Income: $3,800/month ($45,600 annually)
Utilities:
Trash & Water: $303.35/month
Electric: $18/month
Total Average Utilities: $321.35/month ($3,856 annually)
Strong location, solid fundamentals, and future upside potential make this a compelling addition to any investment portfolio....
Contact an agent
Home facts
- Year built:1900
- Subdivision & Development:Phillips West
- Listing ID #:7075280
- Added:98 day(s) ago
- Updated:September 08, 2026 at 12:19 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Basement:Yes
- Basement Description:Crawl Space, Daylight / Lookout Windows, Drainage System, Full, Unfinished
- Living area:4,105 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Age Over 8 Years, Asphalt
- Year built:1900
- Building area:4,105 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Public Transit (w/in 6 blks), Tree Coverage - Light
- Exterior Features:Common Garden
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$409,900
- Price per sq. ft.:$76.26
- Tax amount:$6,406 (2026)
Features and amenities
- Laundry features:Coin-op Laundry Owned
Parking
- Parking description:Concrete, Open, Shared Driveway
New listings near 2314 Portland Avenue S
- Coming Soon
$850,000Coming Soon4 beds 3 baths2,172 sq. ft.4232 Beard Avenue S, Minneapolis, MN 55410
MLS# 7138133Listed by: COMPASS - Coming SoonOpen Sat, 12 to 2pm
$225,000Coming Soon2 beds 1 baths1,000 sq. ft.4609 Blaisdell Avenue #2, Minneapolis, MN 55419
MLS# 7124313Listed by: ANDERSON REALTY - Coming Soon
$525,000Coming Soon3 beds 3 baths2,023 sq. ft.5612 15th Avenue S, Minneapolis, MN 55417
MLS# 7096463Listed by: KELLER WILLIAMS REALTY INTEGRITY LAKES - Coming Soon
$200,000Coming Soon2 beds 1 baths855 sq. ft.720 3rd Avenue Ne #325, Minneapolis, MN 55413
MLS# 7137651Listed by: EDINA REALTY, INC. - Coming Soon
$199,500Coming Soon1 beds 1 baths1,009 sq. ft.500 E Grant Street #311, Minneapolis, MN 55404
MLS# 7136290Listed by: RE/MAX RESULTS - Coming Soon
$410,000Coming Soon4 beds 2 baths1,708 sq. ft.4348 12th Avenue S, Minneapolis, MN 55407
MLS# 7077476Listed by: VERVE REALTY - Coming SoonOpen Thu, 12 to 3pm
$429,999Coming Soon4 beds 3 baths2,036 sq. ft.2601 N Morgan Avenue N, Minneapolis, MN 55411
MLS# 7139357Listed by: BRIDGE REALTY, LLC - Coming SoonOpen Thu, 4 to 6pm
$324,900Coming Soon2 beds 2 baths988 sq. ft.3733 25th Avenue S, Minneapolis, MN 55406
MLS# 7112457Listed by: KELLER WILLIAMS REALTY INTEGRITY LAKES - Coming Soon
$350,000Coming Soon4 beds 2 baths1,427 sq. ft.1935 Ulysses Street Ne, Minneapolis, MN 55418
MLS# 7133600Listed by: ASHWORTH REAL ESTATE - Coming Soon
$325,000Coming Soon1 beds 1 baths940 sq. ft.345 6th Avenue N #706, Minneapolis, MN 55401
MLS# 7138323Listed by: EDINA REALTY, INC.