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MLS: #7075280, Listed By: David Berglund, Summit Realty LLC, Source:FargoMoorhead Area Association of REALTORS

2314 Portland Avenue

Minneapolis, MN 55404
Mark as Favorite
Bed 9

Bed

Bath 3

Bath

SqFt4,105

Sqft

Acres0.14

Acre(Lot)

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 corridor s, 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $449,900

AD Id : 79771056

MLS Id : 7075280

Beds : 9

Lot Size : 0.14 Acre

Living Area Size : 4,105

Year Built : 1900

County : Hennepin

Subdivision: None Available

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 3

    Room Information

    Has Basement: Yes Basement: Crawl Space, Full, Unfinished
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Roof: Asphalt, Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1900 Building Area Total: 5375 Stories: 2 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 48.00 X 124.00 Main Square Feet: 0.14 Acres Lot Size Acres: 0.14 Lot Size Square Feet: 6098.4 Lot Description: Near Public Transit

    Property Information

    Subdivision: Phillips West Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 126

  • Listing Price Information

    Listing Price: $449900

  • Tax Information

    Parcel Number: 3402924110043 Annual Tax: $6406

  • Parking Information

    Shared Driveway, Driveway
    Homeowners Association Information
    Association Amenities: Coin Laundry

  • Location Information

    Direction: Portland North of Lake Street WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1926 15th Avenue, Minneapolis, MN, 55404 $484,900 5 4 2,561 2,561 SqFt
2428 11th Avenue, Minneapolis, MN, 55404 $449,900 10 4 3,704 3,704 SqFt
2211 10th Avenue, Minneapolis, MN, 55404 $379,900 5 2 2,397 2,397 SqFt
1912 Columbus Avenue, Minneapolis, MN, 55404 $323,500 6 3 2,298 2,298 SqFt
610 E 16th Street, Minneapolis, MN, 55404 $399,900 4 2 2,008 2,008 SqFt
2315 Clinton Avenue, Minneapolis, MN, 55404 $599,000 4 4 3,344 3,344 SqFt
2021 3rd Avenue, Minneapolis, MN, 55404 $599,900 9 6 7,518 7,518 SqFt
2318 1st Avenue, Minneapolis, MN, 55404 $600,000 -- -- 4,862 4,862 SqFt
2444 1st Avenue, Minneapolis, MN, 55404 $515,000 5 3 3,009 3,009 SqFt
19 W 25th Street, Minneapolis, MN, 55404 $514,900 8 2 3,978 3,978 SqFt
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/17/2026 @ 19:27

MLS: 7075280 LISTED BY: David Berglund, Summit Realty LLC 612-708-2631 SOURCE: FargoMoorhead Area Association of REALTORS

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