318 7th Avenue NE, Minneapolis, MN 55413
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 7, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 30 at 12:06 am
Property Features for 318 7th Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1
- Parking features
- Garage - Detached, Driveway
- Exterior features
- Stucco, Wood
- Standard status
- Active
- APN
- 1402924310162
- Size
- 1,900 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5983
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Roof type
- Shingle
Listing agent Brett Lizotte License #40689497 (952) 829-2900
Listing office RE/MAX Results 1609 Hennepin Ave, Eden Prairie, MN (612) 314-1520
Listing date May 7, 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
- Triplex in NE Minneapolis with 3 units
- Year built 1900 with stucco and wood exterior and a shingle roof
- Forced‑air heating and newer mechanicals reported
- Updated kitchens and updated interiors for all three units
- Newer roof reported
- Garage (detached) plus driveway parking
Overview
The property is located in the heart of Northeast Minneapolis, with the Mississippi Riverfront and Boom Island within walking distance, along with Northeast’s breweries, restaurants, and galleries. Addressed at 318 7th Avenue NE in Minneapolis (55413), it’s positioned for tenants who want access to the local walkable amenities described in the remarks.
From a tenant or owner-occupant perspective, the three-unit configuration can support options such as living in one unit while renting the others. Prospective buyers should note that a minimum 24-hour notice is required for all showings, reflecting the occupied nature of the property at the time of listing.
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 | $42.2k | $22.20 |
| − Vacancy | −$2.5k | −$1.33 |
| EGI | $39.7k | $20.87 |
| − OpEx | −$11.9k | −$6.26 |
| NOI | $27.8k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.260638
- Latitude
- 44.99575
