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Three-Unit Historic Apartment Building
For Sale
$529,900

2209 Pleasant Ave, Minneapolis, MN 55404

Historic multifamily property with varied apartment features, covered outdoor areas, and rear off-street parking.

Property Size4,200 SF
Price / SF$126.17
Days on Market18

Property Features for 2209 Pleasant Ave

General Information

Standard status Active
Size 4,200 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR, 1 x 2BR
Multifamily Units 3

Additional Details

Gross Income $70,000
Public Transit Yes

Amenities

covered communal porches and balconies
off-street parking

Building Details

Year Built 1908
Buildings 1
Listing Agency: Metro Group Real Estate
Listed By: Jerry Lindeen
Source: Tayloronken
Added: Aug 15 Changed: Aug 29 Last Checked: Aug 31 at 7:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro Group Real Estate

Investment Insights

Based on property information with market context.

Built in 1908, this 4,200-square-foot triplex contains two 3-bedroom apartments and one finished 2-bedroom non-conforming top-floor unit. The apartments offer varied layouts and finishes, including spacious living and dining areas, hardwood floors, updated kitchen cabinetry, pantry storage, dishwashers, ceiling fans, and fireplaces. Front and rear entries serve the units, while covered porches and balconies provide shared exterior space. The property also includes off-street parking behind the building.

Recent property improvements include newer roofs, modern boilers, newer hot water heaters, and updated electrical systems. The building is near the Wedge and Whittier neighborhoods and has access to a nearby bus line.

Key Highlights

  • Three‑unit building with two 3‑bedroom apartments and one finished 2‑bedroom non‑conforming top‑floor unit
  • 4,200 SF triplex built in 1908
  • Large living and dining areas with ample closet storage

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Dental Office Locksmith Pet Store & Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,745
Businesses Nearby

Demographics for 55404, MN

29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Historic multifamily property with varied apartment features, covered outdoor areas, and rear off-street parking.
Where is this triplex located?
The property is located at 2209 Pleasant Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Three‑unit building with two 3‑bedroom apartments and one finished 2‑bedroom non‑conforming top‑floor unit; 4,200 SF triplex built in 1908; Large living and dining areas with ample closet storage
More about this property
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