South Minneapolis Triplex With
3300 41st Avenue S Minneapolis, MN 55406
For Sale
$409,900
MULTI_FAMILY - Minneapolis, MN
Property Size2,052 SF
Lot Size0.11 Acres
Price / SF$199.76
Days on Market41
Property Features for 3300 41st Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2
- Exterior features
- Aluminum Siding, Stucco
- Standard status
- Active
- APN
- 0602823130156
- Size
- 2,052 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6418
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1911
- Roof type
- Flat
Listing Agency:
Home Avenue Flat Fee Realty
(952) 929-7355
Listed By:
Gregory W Lawrence · License #20324479
(763) 473-1510
Added: Jun 17
Changed: Jul 20
Last Checked: Jul 27 at 7:06AM
MLS# 7094932
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained triplex includes three separate units, each with 2 bedrooms and 1 bathroom. The upper unit features hardwood floors and an additional porch room, and the side unit has been updated with new flooring and new bathroom plumbing. The building has undergone multiple capital improvements, including a new roof, a new main sewer line, plumbing updates, and updated furnaces. Each unit has its own forced-air furnace and water heater. Additional amenities include basement storage and an owned coin-operated laundry.
The property is situated on a corner lot with abundant off-street parking. The current tenants are on month-to-month leases, with one unit available for an owner occupant.
With a total of three independent units, the property is designed for straightforward rental management, supported by the presence of separate forced-air heating systems and water heaters for each unit.
The property is situated on a corner lot with abundant off-street parking. The current tenants are on month-to-month leases, with one unit available for an owner occupant.
With a total of three independent units, the property is designed for straightforward rental management, supported by the presence of separate forced-air heating systems and water heaters for each unit.
Key Highlights
- South Minneapolis triplex in the Longfellow/Cooper area with three units, each with 2 bedrooms and 1 bathroom
- Corner lot with abundant off‑street parking plus basement storage and owned coin‑operated laundry for tenants
- Three separate forced‑air furnaces and three water heaters for independent utility management
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $19.80 |
| − Vacancy | −$2.6k | −$1.29 |
| EGI | $38.0k | $18.51 |
| − OpEx | −$11.4k | −$5.55 |
| NOI | $26.6k | $12.96 |
2,052 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.9K
$332.4K – $443.2K
NOI $26,592 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$599.6K
$524.7K – $699.5K
NOI $41,972 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained triplex offering three 2-bedroom, 1-bath units with off-street parking and basement storage.
Where is this triplex located?
The property is located at 3300 41st Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: South Minneapolis triplex in the Longfellow/Cooper area with three units, each with 2 bedrooms and 1 bathroom; Corner lot with abundant off‑street parking plus basement storage and owned coin‑operated laundry for tenants; Three separate forced‑air furnaces and three water heaters for independent utility management
