3232 3rd Avenue S, Minneapolis, MN 55408

Local realty services provided by:Better Homes and Gardens Real Estate First Choice
3232 3rd Avenue S,Minneapolis, MN 55408
$449,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Coming Soon
Listed by:mike moe
Office:keller williams classic rlty nw
MLS#:6807838
Source:NSMLS

Price summary

  • Price:$449,000

About this home

The investment opportunity you’ve been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors—ideal for attracting top-market rents while minimizing future repair costs. With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned portfolio builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric. Don’t miss this cash-flow opportunity with built-in equity potential—schedule your showing today!

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Home facts

  • Year built:1902
  • Listing ID #:6807838
  • Added:1 day(s) ago
  • Updated:October 29, 2025 at 03:58 AM

Heating and cooling

  • Heating:Boiler, Hot Water

Structure and exterior

  • Roof:Asphalt, Rubber
  • Year built:1902

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$449,000
  • Tax amount:$5,100 (2025)
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