4255 Thomas Avenue N, Minneapolis, MN 55412

Minneapolis
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
4255 Thomas Avenue N,Minneapolis, MN 55412
$374,900
  • 4 Beds
  • 4 Baths
  • 2,550 sq. ft.
  • Multi-family
  • Active
Listed by: stacy churchill
Office: fuze real estate
MLS#:7105318
Source:NSMLS

Price summary

  • Price:$374,900
  • Price per sq. ft.:$170.41

About this home

4-Unit Multi-Family (non-conforming) investment opportunity with strong income potential! This fully leased 4 unit property offers a desirable mix of one-bedroom, studio, and two-bedroom layouts, providing diversified rental income and consistent tenant demand. Professionally managed and holding two rental licenses (zoned as a DUPLEX), this property is an excellent addition to an investment portfolio or a great opportunity for an owner looking to expand their holdings. The building features approximately 2,550 finished square feet and has an established occupancy history with leases already in place. Tenant leases are available for qualified buyers. Conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes, this property combines stable occupancy with long-term investment potential. Don't miss this rare opportunity to acquire a fully occupied multifamily asset in Minneapolis. Tenants are charged a monthly flat fee for electricity, gas,...

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Home facts

  • Year built:1940
  • Subdivision & Development:Victory Park Add
  • Listing ID #:7105318
  • Added:48 day(s) ago
  • Updated:August 25, 2026 at 12:43 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Finished
  • Living area:2,550 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Year built:1940
  • Building area:2,550 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Corner Lot
  • Levels:1 1/2 Story

Utilities

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

Finances and disclosures

  • Price:$374,900
  • Price per sq. ft.:$170.41
  • Tax amount:$6,887 (2026)

Parking

  • Parking description:Detached Garage
  • Garage:Yes
  • Garage spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. NSMLS Member Broker: Bob Erickson

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