4-Unit Apartment
3012 Bryant Avenue S, Minneapolis, MN 55408
For Sale
$569,900
Updated kitchens and baths complement hardwood floors, private upper-level porches, and shared fenced outdoor space.
Property Size3,848 SF
Price / SF$148.10
Days on Market474
Property Features for 3012 Bryant Avenue S
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
generous closet space
upper-floor porches
fenced backyard
shared green space
Building Details
Building Size
Year Built
Listing Agency:
MRG Realty Partners, LLC
Listed By:
Nathan Schammel
(651) 955-4255
Source:
Thinkhl
Added: Jul 24, 2025
Changed: Nov 8
Last Checked: Nov 8 at 4:11PM
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 MRG Realty Partners, LLC
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Investment Insights
Based on property information with market context.
This 1915 multifamily building contains four apartments with two- and three-bedroom layouts measuring approximately 900 to 1,000 square feet. Interior features include hardwood flooring and generous closet storage, while kitchens and bathrooms have received updates. Upper-floor apartments have porches, and residents share a fenced backyard. Tenants pay their own electricity and cooking gas. The parking area provides four deep spaces, with tandem parking also possible.
At 3012 Bryant Avenue S in Minneapolis, the property has a Walk Score of 96 and strong transit access. Bde Maka Ska and Lake of the Isles are a few blocks away; trails, restaurants, retail, and nightlife are also within easy reach.
At 3012 Bryant Avenue S in Minneapolis, the property has a Walk Score of 96 and strong transit access. Bde Maka Ska and Lake of the Isles are a few blocks away; trails, restaurants, retail, and nightlife are also within easy reach.
Key Highlights
- Four apartments with two- and three‑bedroom layouts
- Apartment areas range from approximately 900 to 1,000 square feet
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,639
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,780
$1.0M
Cap Rate 7%
$737,700
$737.7K
Cap Rate 9%
$573,767
$573.8K
Market Conditions
NOI Build-Up for 3,848 SF
Gross rent
$100.2K $26.04/SF
− Vacancy
−$6.3K −$1.64/SF
EGI
$93.9K $24.40/SF
− OpEx
−$42.3K −$10.98/SF
NOI
$51.6K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,780
Cap Rate 7%
$737,700
Cap Rate 9%
$573,767
Alternative Uses
Best Use
Multifamily LT 5
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$737.7K
$645.5K – $860.7K
NOI $51,639 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$918.1K
$803.3K – $1.07M
NOI $64,264 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,416
Businesses Nearby
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Business Placement
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Minneapolis, MN
Properties on Market for Quadplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated kitchens and baths complement hardwood floors, private upper-level porches, and shared fenced outdoor space.
Where is this quadplex located?
The property is located at 3012 Bryant Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Four apartments with two- and three‑bedroom layouts; Apartment areas range from approximately 900 to 1,000 square feet; Built in 1915
