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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$539,999

Est. payment - /mo

12 Beds

4 Baths

3,124 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,124 sqft

Price per Sqft $172

Subdivision Gales 1St Add

MLS Listing ID 7101570

Bedrooms 12

Year Built 1913

Annual Tax Amount $9,147

Tax Year 2026

Contingent None

Lot Size 4792.000 Acres

Lot Dimensions 84.5 x 58

Property Sub-Type Duplex Other

Property Description

Rare opportunity to own a well-maintained, turnkey fourplex in a desirable location! Whether you're looking to owner-occupy or expand your investment portfolio, this property offers exceptional value. Live in one unit while the rental income helps offset your mortgage and living expenses, or enjoy strong, consistent cash flow as a fully leased investment.

The property has maintained 100% occupancy over the past year with outstanding tenants and currently generates $5,800 per month in rental income. Each unit features two bedrooms plus a bright front sunroom, offering the flexibility to use the space as a home office, nursery, or potential third bedroom.

Recent updates include a new water heater, adding peace of mind for the next owner. Additional amenities include a private off-street parking lot, providing convenient parking for tenants.

This is a rare opportunity to purchase a move-in, rent-ready fourplex with a proven rental history and excellent income potential.

Location

State MN

County Hennepin

Rooms

Basement Block, Unfinished

Interior

Heating Boiler, Steam

Fireplace No

Exterior

Parking Features Assigned, Concrete, Shared Driveway, Open

Building

Story Two

Foundation 1562

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

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Listed by Benjamin Jacobs • Bridge Realty, LLC

Nearby School & Business

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1508 E 26th ST Minneapolis, MN 55404