2612 Colfax Avenue S, Minneapolis, MN 55408
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 27, 2026
- Days on Market:
- 35
- Last Refresh:
- Jun 30 at 12:06 am
Property Features for 2612 Colfax Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 6, Bedroom 4, Basement
- Exterior features
- Wood
- Standard status
- Active
- APN
- 3302924410024
- Size
- 3,090 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8089
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Building materials
- Stone
- Roof type
- Shingle
Listing agent Billy Pauling License #20431277 (952) 475-0111
Listing office Keller Williams Premier Realty Lake Minnetonka 13100 Wayzata Blvd. #400, Wayzata, MN (952) 475-0111
Listing date May 27, 2026
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.
HighLights
- Duplex originally built in 1900, currently rented as a nonconforming triplex
- Interior updates include renovated furnaces, replaced A/C condensers, and new split units on the top floor
- Bathrooms updated on every level; second‑floor kitchen refreshed
- Top floor includes in‑unit washer and dryer and an updated kitchenette area
- Exterior improvements include extensive interior and exterior painting and stone construction with wood exterior elements
- Landscaping includes irrigation added throughout, terraced front yard redesign, and defined parking for up to five vehicles
Overview
The property sits on a 0.12-acre lot and totals 3,090 square feet, per available records. Located at 2612 Colfax Avenue S in Minneapolis, the home offers a flexible configuration that can support rental use, owner-occupancy, or multigenerational living depending on how units are arranged and utilized.
Operationally, the building includes numerous mechanical upgrades, including renovated furnaces, replaced A/C condensers, and new split units on the top floor. Bathrooms on every level have been updated, and the second-floor kitchen has been refreshed for modern functionality. The top floor also includes an in-unit washer and dryer and an updated kitchenette area, supporting extended-stay and multi-use layouts within the same structure.
Local 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 | $68.6k | $22.20 |
| − Vacancy | −$4.1k | −$1.33 |
| EGI | $64.5k | $20.87 |
| − OpEx | −$19.3k | −$6.26 |
| NOI | $45.1k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.292231
- Latitude
- 44.955093
