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Nick Leavy

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

$790,000

Est. payment - /mo

12 Beds

6 Baths

4,828 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,828 sqft

Price per Sqft $163

Subdivision G N Merriams Add

MLS Listing ID 7105774

Bedrooms 12

Year Built 1892

Annual Tax Amount $14,227

Tax Year 2026

Contingent None

Lot Size 7,405 Sqft

Lot Dimensions 58x124

Property Sub-Type Fourplex

Property Description

Great opportunity to own a 4-unit property just minutes from downtown Minneapolis. The building offers a mix of 2, 3, and 5-bedroom units, giving investors a variety of rental options. All four units are currently occupied, with tenants participating in the Housing Choice Voucher (Section 8) program. An oversized 2-car garage and additional off-street parking add to the property's appeal.

The two upper units feature two-level layouts with two bathrooms and updated kitchens. Each unit has its own furnace and dedicated water heater, and tenants pay their own gas and electric.

The 5-bedroom, 2-bath unit is expected to become available at the end of July, creating an opportunity for an owner-occupant looking to house hack or for an investor wanting added flexibility. The property is currently self-managed, and operating expense information will be provided as it becomes available.

For qualified buyers, the sellers are open to a Contract for Deed through their preferred lender with a minimum 20% down payment, subject to lender approval and mutually agreeable terms. Whether you're adding another property to your portfolio or purchasing your first multifamily property, this is an opportunity worth seeing.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Partial, Unfinished

Interior

Heating Baseboard, Forced Air

Fireplace No

Laundry Common Area, Main Level

Exterior

Parking Features Detached Garage, Asphalt, Parking Lot, Paved Lot

Garage Spaces 2.0

Fence Chain Link, Partial

Pool None

Roof Type Asphalt,Pitched

Building

Story More Than 2 Stories

Foundation 1884

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

New Construction false

Schools

School District Minneapolis

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Listed by Jordan Eatherton • Pemberton RE

Nearby School & Business

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2210 Oakland AVE Minneapolis, MN 55404