For Sale: Minneapolis MLS# 7094932
Active
NEW!
$425,000
Multi-family: Triplex
6 br • 3 ba • Built 1911
2,052 sqft • 0.11 acres
Minneapolis schools
MLS# 7094932
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Property Description
Rare South Minneapolis Triplex Opportunity in the Heart of Longfellow/Cooper!
Don’t miss this well-maintained and well-located triplex in the highly desirable Cooper neighborhood of South Minneapolis. This income-producing property features three separate units, each offering 2 bedrooms and 1 bathroom, providing strong rental appeal and flexible ownership options. The upper unit features beautiful hardwood floors and an additional porch room, while the side unit has been recently updated with new flooring and new bathroom plumbing.
This property has recently seen several significant capital improvements, including a new roof, new main sewer line, plumbing, and updated furnaces—offering peace of mind and reducing major near-term expenses. With three separate forced-air furnaces and three water heaters, the building benefits from efficient independent utilities and simplified management.
Situated on a corner lot, the property offers abundant off-street parking, basement storage, and owned coin-operated laundry for tenant convenience. The current tenants are month-to-month leases, with a unit available for an owner occupant.
Whether you’re looking to expand your portfolio, owner-occupy, or house hack, this is an exceptional opportunity with immediate cash flow potential and long-term upside located in a vibrant neighborhood with excellent walkability to restaurants and shops.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$425,000
Price per sq ft:
$207
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1911
State:
MN
Property Style:
Triplex
Zip Code:
55406
Neighborhood/Area:
15
Subdivision Name:
Auditors Sub 237
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
2,052 ft2
Living Area:
2,052 ft2
Refrigerators:
Three
Basement Details:
- Shared Access
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,172 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Shared Amenities:
Coin-op Laundry Owned
Roof Details:
- Age 8 Years or Less
- Flat
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.943132, -93.214379
Lot Dimensions:
37 x 128
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$487
Annual Insurance Expense:
$2,473
Annual Maintenance Expense:
$1,200
Annual Trash Expense:
$1,472
Annual Water/Sewer Expense:
$1,801
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,418
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$9,960
Income
Annual Gross Income:
$43,380
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of HomeAvenue Inc.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.