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3-Unit Triplex with Two-Car Garage

3154 15th Avenue S, Minneapolis, MN 55407

For Sale
$530,000
Pending

Three separately configured apartments include recently updated interiors, original wood detailing, and outdoor parking.

Property Size3,649 SF
Days on Market39

Property Features for 3154 15th Avenue S

General Information

Standard status Pending
Size 3,649 SF
Property subtype Triplex

Site & Location

Neighborhood Powderhorn
Public Transit Yes

Units

Unit Mix 4BR/1BA main-floor unit, 3BR/1BA second-floor unit, 2BR/1BA third-floor unit
Multifamily Units 3

Additional Details

Tenant in Place Yes

Building Details

Year Built 1904
Buildings 1
Stories 3
Listing Agency: Karina Realty
Listed By: Irina Safonov
Source: Obviousrealestate
Added: Oct 3 Changed: Nov 10 Last Checked: Nov 9 at 6:28PM

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 Karina Realty

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Investment Insights

Based on property information with market context.

Built in 1904, this 3,649-square-foot triplex contains three apartments: a 4-bedroom, 1-bathroom unit on the main floor, a 3-bedroom, 1-bathroom unit upstairs, and a 2-bedroom, 1-bathroom unit on the third floor. Recent work includes a refreshed kitchen and interior finishes in the second-floor apartment and a 2026 renovation in the upper unit. Original built-ins and carved woodwork remain. Building features include high ceilings, a 2024 roof, 200-amp service, and two newer porches.

The property occupies a triple corner lot with a fenced, level backyard, a two-car garage, and off-street space for at least three more vehicles. The unfinished basement measures more than 1,400 square feet. Powderhorn Park, Mercado Central, restaurants, and transit are within walking distance; Abbott Northwestern Hospital is less than a mile away. Downtown, the University of Minnesota, and the Minneapolis Institute of Art are also noted as convenient destinations.

Key Highlights

  • 3,649‑square‑foot triplex built in 1904
  • Apartment mix: 4BR/1BA, 3BR/1BA, and 2BR/1BA
  • Third‑floor apartment renovated in 2026

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,419
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
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Market

Average Price Trend$/SF for Triplexes in Minneapolis, MN

$173 Jul
$178 Aug
$171 Sep
$173 Oct

Properties on Market for Triplexes in Minneapolis

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three separately configured apartments include recently updated interiors, original wood detailing, and outdoor parking.
Where is this triplex located?
The property is located at 3154 15th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 3,649‑square‑foot triplex built in 1904; Apartment mix: 4BR/1BA, 3BR/1BA, and 2BR/1BA; Third‑floor apartment renovated in 2026
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