3116 Columbus Avenue, Minneapolis, MN 55407
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 21, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 6 at 11:06 am
Property Features for 3116 Columbus Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 6, Bedroom 5
- Parking features
- Garage - Detached
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 0202824220199
- Size
- 2,124 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6479
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1886
- Roof type
- Shingle
Listing agent Jamil Porte (952) 368-0021
Listing office Bridge Realty, LLC 1101 E 78TH STREET SUITE 300, Bloomington, MN (952) 368-0021
Listing date May 21, 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
- Side‑by‑side duplex built in 1886 with 2 units, each with private laundry
- Unit 1: vacant and ready; Unit 2: currently rented month to month
- Unit bedroom/bathroom layout: both units have 3 bedrooms; Unit 1 has 2 bathrooms and Unit 2 has 1 bathroom
- Detached 2‑car garage plus 3 additional parking spaces in the back
- Recent updates include a new roof and updated electrical
- Vinyl exterior and forced‑air heating; fenced‑in yard
Overview
Located at 3116 Columbus Avenue in Minneapolis (55407), the home sits on a 0.17-acre lot. The fenced yard provides a private outdoor area suitable for pets or children, while the off-street parking supports day-to-day tenant and guest convenience.
For owner-occupants, this layout allows one unit to be lived in while the other can help offset expenses. For investors, the combination of a vacant, ready-to-rent unit and a month-to-month tenant offers flexibility for future planning. Recent improvements include a new roof and updated electrical, which can reduce near-term maintenance concerns for both residents and buyers.
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 | $47.2k | $22.20 |
| − Vacancy | −$2.8k | −$1.33 |
| EGI | $44.3k | $20.87 |
| − OpEx | −$13.3k | −$6.26 |
| NOI | $31.0k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.264263
- Latitude
- 44.946072
