MLS: #7079275, Listed By: Shelbie Walsh, Real Broker, LLC, Source:FargoMoorhead Area Association of REALTORS
3514 Grand Avenue
Minneapolis, MN 55408
10
Bed
8
Bath
4,900Sqft
0.13Acre(Lot)
A rare turnkey 2005-built triplex, with an extra studio/storage space, in one of Minneapolis's most in-demand rental submarkets — this property offers investors a stabilized asset with strong, consistent rents across all four units. The property has had zero vacancies in five years, and strong tenant quality and rental history make it a proven income producer from day one, not a projection. Current gross rents total $7,650 per month, or $91,800 annually. There's also a clear value-add lever: water can be separately metered so tenants cover their own usage, immediately improving NOI. Built in 2005, the property is newer construction than most of the surrounding rental stock, meaning lower near-term capex risk on major systems, and all the units feature modern kitchens, updated baths, and in
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 10Bathroom Information
Total Baths: 8Room Information
Has Basement: Yes Basement: Block, Concrete -
Heating & Cooling
Has Heating: Yes Heating: Forced Air
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Building Information
Year Built: 2005 Building Area Total: 5400 Stories: 2 Patio And Porch Features: Terrace Pool Features: None Private Pool: No
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Lot Information
Lot Dimensions: 45x129 Main Square Feet: 0.13 Acres Lot Size Acres: 0.13 Lot Size Square Feet: 5662.8Property Information
Subdivision: Bakers Add Source Property Type: Residential Income Postal Code Plus 4: 3712 Property SubType: Triplex Levels: Two Property Age: 21
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Listing Price Information
Listing Price: $825000 Original Price: $849900 Cash, Conventional, FHA
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Tax Information
Parcel Number: 0302824320126 Tax Year: 2026 Annual Tax: $14668.46 Tax Legal Desc: LOT 005 BLOCK 010 BAKERS ADDN TO MPLS
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Garage Information
Has Garage: Yes Garage Space: 3
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Location Information
Direction: I-35 to 35th-36th Street, west on 35th Street to Grand Avenue, south to property. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3129 Clinton Avenue, Minneapolis, MN, 55408 | $395,000 | 4 | 2 | 3,058 | 0.13 Acre |
| 3541 Clinton Avenue, Minneapolis, MN, 55408 | $325,000 | 5 | 3 | 2,382 | 0.13 Acre |
| 3322 Clinton Avenue, Minneapolis, MN, 55408 | $399,900 | 6 | 2 | 3,174 | 0.13 Acre |
| 2621 2nd Avenue, Minneapolis, MN, 55408 | $550,000 | 12 | 4 | 3,836 | 0.14 Acre |
| 3500 1st Avenue, Minneapolis, MN, 55408 | $744,900 | 12 | 4 | 4,680 | 0.14 Acre |
| 2641 Pillsbury Avenue, Minneapolis, MN, 55408 | $299,900 | 2 | 2 | 1,427 | 0.11 Acre |
| 2635 Pillsbury Avenue, Minneapolis, MN, 55408 | $520,000 | 7 | 3 | 2,935 | 0.11 Acre |
| 122 W 32nd Street, Minneapolis, MN, 55408 | $363,000 | 3 | 2 | 1,648 | 0.10 Acre |
| 2700 Pillsbury Avenue, Minneapolis, MN, 55408 | $749,900 | 7 | 4 | 5,400 | -- |
| 2824 Pillsbury Avenue, Minneapolis, MN, 55408 | $610,000 | 4 | 4 | 2,720 | 0.09 Acre |
Similar Multifamily To 3514 Grand Avenue
Nearby For Sale
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 09/20/2026 @ 12:32
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