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Three-Unit Multifamily Property
New
For Sale
$427,500

3048 13th Avenue S, Minneapolis, MN 55407

Residential Income, Minneapolis, MN

Property Size5,100 SF
Lot Size0.12 Acres
Price / SF$83.82
Days on Market6

Property Features for 3048 13th Avenue S

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Basement, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 3
Parking features Assigned, Parking Lot
Subdivision Tingleys Add
High school district Minneapolis
Directions Lake Street, South on 13th Ave S, Corner of 13th Ave. S and E 31st Street
Standard status Active
APN 0202824120056
Size 5,100 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 6529

Utilities

Heating system Forced Air, Baseboard

Amenities

front porches
shared laundry
in-unit washer/dryer

Building Details

Year built 1914
Listing Agency: Real Broker, LLC
Listed By: Tenzin Sopa · License #40629957
Added: Sep 21 Changed: Sep 25 Last Checked: Sep 26 at 10:06AM
MLS# 7145315

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 5,100-square-foot multifamily property includes three residential units arranged across two buildings on a 0.12-acre lot. Each unit has two bedrooms, a full bathroom, a living room, dining room, and kitchen, along with a private entrance and front porch. The duplex building has shared laundry in its lower level; the separate single-family building includes its own washer and dryer. Off-street parking is available. Built in 1914, the property is near Powderhorn Park in Minneapolis.

Key Highlights

  • Three residential units across two buildings
  • Each unit has two bedrooms, one full bathroom, living room, dining room, and kitchen
  • 5,100 square feet on a 0.12‑acre lot

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Veterinary Clinic

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

2,766
Businesses Nearby

Demographics for 55407, MN

38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Multifamily property - Two buildings provide separate entrances, outdoor porches, and distinct laundry arrangements across the units.
Where is this multifamily property located?
The property is located at 3048 13th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $427,500.
What are key features of this property?
This property features: Three residential units across two buildings; Each unit has two bedrooms, one full bathroom, living room, dining room, and kitchen; 5,100 square feet on a 0.12‑acre lot
More about this property
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