Multi-Family Property with Studio
3112 Fremont Avenue S, Minneapolis, MN 55408
MULTI_FAMILY - Minneapolis, MN
Property size:
2,230 SFLot size:
0.14 AcresPrice / SF:
$223/SF- Added:
- Apr 16, 2026
- Days on Market:
- 81
- Last Refresh:
- Jul 5 at 2:06 pm
Property Features for 3112 Fremont Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1
- Parking features
- Garage - Detached, Covered, Driveway
- Exterior features
- Wood
- Standard status
- Active
- APN
- 0402824120106
- Size
- 2,230 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8816
Utilities
- Heating system
- Radiant, Hot Water(Heating)
Building Details
- Year built
- 1907
Listing agent Nicoli Holm (612) 998-8959
Listing office Keller Williams Realty Integrity 7401 Metro Blvd No. 350 Edina, Edina, MN (952) 938-6100
Listing date Apr 16, 2026
MLS# 7055559
Listing URL
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
- 1907 home with main level living room, formal dining, and sunroom plus 4 bedrooms and 2 bathrooms
- Bonus 3rd‑floor studio suite with vaulted ceilings, lofted sleeping area, and a private entrance
- Separate utilities: individual electrical meters; main unit has separate gas & electric, and the upper studio is fully electric
- Updates include Hardie Cement Board siding (2021), updated boiler & water heater (2021), and PVC windows in main house (2021) except certain historic windows
- Radiant and hot water heating; detached garage and covered parking with driveway
- Original features include hardwood floors, millwork, stained glass accents, and a built‑in dining room buffet with an original pantry
Overview
Built in 1907, this preserved residential income property offers a main home with formal living and dining areas, a sunroom, and an upper level with three bedrooms plus an updated bathroom featuring a classic tile surround. Original interior character is highlighted by hardwood floors, millwork, and stained glass accents, along with built-in cabinetry that includes a pantry with floor-to-ceiling built-ins and a window overlooking the backyard. A key value add is the bonus 3rd-floor studio suite, featuring vaulted ceilings, a lofted sleeping area, and a private entrance.
The property is located at 3112 Fremont Avenue S in Minneapolis, MN 55408, on a 0.14-acre lot. The exterior includes newly replaced concrete steps leading to a welcoming front porch with a beadboard ceiling. The remarks also note proximity to Uptown-area restaurants, coffee shops, shopping, and transit, as well as being steps from lake life.
For owner-occupants, investors, or live-work users, the layout supports flexible arrangements. Separate utilities with individual electrical meters are provided, with the main unit having separate gas and electric and the upper studio unit fully electric. Recent improvements include Hardie cement board siding installed in 2021, along with an updated boiler and water heater in 2021. PVC windows are noted in the main house (except certain historic windows) installed in 2021.
The property is located at 3112 Fremont Avenue S in Minneapolis, MN 55408, on a 0.14-acre lot. The exterior includes newly replaced concrete steps leading to a welcoming front porch with a beadboard ceiling. The remarks also note proximity to Uptown-area restaurants, coffee shops, shopping, and transit, as well as being steps from lake life.
For owner-occupants, investors, or live-work users, the layout supports flexible arrangements. Separate utilities with individual electrical meters are provided, with the main unit having separate gas and electric and the upper studio unit fully electric. Recent improvements include Hardie cement board siding installed in 2021, along with an updated boiler and water heater in 2021. PVC windows are noted in the main house (except certain historic windows) installed in 2021.
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 | $49.5k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $46.5k | $20.87 |
| − OpEx | −$14.0k | −$6.26 |
| NOI | $32.6k | $14.61 |
2,230 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.5K
$407.3K – $543.0K
NOI $32,582 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$427.5K
$374.1K – $498.8K
NOI $29,926 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$532.0K
$465.5K – $620.7K
NOI $37,242 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.296127
- Latitude
- 44.946037
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-level living with a separate, fully electric 3rd-floor studio suite and individual metering for flexible occupancy.
Where is this duplex located?
The property is located at 3112 Fremont Avenue S 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: 1907 home with main level living room, formal dining, and sunroom plus 4 bedrooms and 2 bathrooms; Bonus 3rd‑floor studio suite with vaulted ceilings, lofted sleeping area, and a private entrance; Separate utilities: individual electrical meters; main unit has separate gas & electric, and the upper studio is fully electric
