Six-Unit Apartment
For Sale
$499,000
2524 Portland Avenue, Minneapolis, MN 55404
Historic multifamily property with varied unit layouts and dedicated resident parking in Minneapolis.
Property SizeContact for details
Days on Market180
Property Features for 2524 Portland Avenue
General Information
Standard status
Active
Total Parking Spaces
6
Property subtype
General Commercial
Units
Unit Mix
1 x studio, 3 x 1BR, 2 x 2BR
Multifamily Units
6
Additional Details
Average Monthly Rent
$954
Taxes and HOA fees
Annual Taxes
$1,985
Amenities
3
Parking.
Lot.
Building Details
Year Built
1885
Listing Agency:
Marcus & Millichap
Listed By:
Michael Jacobs · License #MN:40760249CA:01979550
(612) 357-5643
Source:
Xome
Added: Mar 10
Changed: Aug 30
Last Checked: Aug 31 at 2:40PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This Minneapolis apartment property contains six residences arranged as one studio, three one-bedroom units, and two two-bedroom units. The homes average 692 square feet, offering a range of layouts within a building constructed in 1885. Six off-street parking spaces serve the residences, an especially practical feature in an urban setting.
Located at 2524 Portland Ave S in Minneapolis, the property is in the Phillips West neighborhood and sits less than half a mile from Peavey Field Park. The park includes basketball courts and a soccer field, adding nearby recreational amenities to the surrounding residential context.
Located at 2524 Portland Ave S in Minneapolis, the property is in the Phillips West neighborhood and sits less than half a mile from Peavey Field Park. The park includes basketball courts and a soccer field, adding nearby recreational amenities to the surrounding residential context.
Key Highlights
- Six‑unit apartment property with one studio, three one‑bedroom, and two two‑bedroom residences
- Residences average 692 square feet
- Six off‑street parking spaces included
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
5,430
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property with varied unit layouts and dedicated resident parking in Minneapolis.
Where is this apartment building located?
The property is located at 2524 Portland Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Six‑unit apartment property with one studio, three one‑bedroom, and two two‑bedroom residences; Residences average 692 square feet; Six off‑street parking spaces included
