UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,678 sqft
Price per Sqft $104
Subdivision Williams Add
MLS Listing ID 7035408
Bedrooms 6
Year Built 1900
Annual Tax Amount $925
Tax Year 2026
Contingent None
Lot Size 7,840 Sqft
Lot Dimensions 60 x 127
Property Sub-Type Duplex Up and Down
Property Description
This well-laid-out duplex features two spacious units, each offering 3 bedrooms and 1 bathroom, with a total of 2,678 finished square feet. The upper unit showcases hardwood floors and an updated kitchen, while both units offer functional layouts and the highly desirable convenience of in-unit laundry, a major draw for tenants.
The property is currently occupied by long-term tenants, providing immediate, reliable income. The main floor rents for $1,500 per month, and the upper unit rents for $1,650 per month. Residents pay their own electricity. Rents have not been increased to match current market levels, as ownership has prioritized tenant stability, presenting a clear opportunity for future value growth.
The stucco exterior is complemented by a pitched roof. The windows were recently replaced through the city's lead abatement program, adding long-term value and peace of mind. The property is heated by a boiler system, with a newer boiler (~ 5 years old) and water heater (~ 6 years old), helping reduce near-term capital expenses. An unfinished attic provides additional storage, and a detached shed offers further convenience for tenants.
Located near public transit and just steps from a variety of restaurants, shopping, and neighborhood staples including Mercado Central and Ingebretsen's, this property offers strong appeal for renters seeking convenience and walkability.
Located in a highly walkable area near Powderhorn Park, this duplex offers strong fundamentals, stable tenancy, and meaningful upside, making it a solid addition to any investment portfolio.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Partial, Unfinished
Interior
Heating Boiler, Radiator
Fireplace No
Laundry In Unit
Exterior
Parking Features On-Street Parking Only
Fence Chain Link
Roof Type Age Over 8 Years,Asphalt,Pitched
Building
Lot Description Tree Coverage - Light
Story Two
Foundation 1286
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District Minneapolis
Nearby School & Business
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