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Duplex with Spacious 9-Bedroom Layout

3213 Minnehaha Avenue Minneapolis, MN 55406

New

3213 Minnehaha Avenue, Minneapolis, MN, 55406

$459,900

For Sale

$459,900

MULTI_FAMILY - Minneapolis, MN

Property Size3,370 SF

Lot Size0.20 Acres

Price / SF$136.47

Days on Market2

Property Features for 3213 Minnehaha Avenue

General Information

Property type: Residential Multi Family
Property subtype: Duplex
Bedrooms: 7
Bathrooms: 3
Rooms: Bedroom 3, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 5, Basement, Bedroom 4
Exterior features: Wood
Standard status: Active
APN: 0102824140011
Size: 3,370 SF
Lot size: 0.20 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 8389

Utilities

Heating system: Oil

Building Details

Year built: 1905

Listing Agency RE/MAX Results

5201 Eden Ave #100, Eden Prairie, MN

Listed by Paulo Mora

Added: Jul 17 Checked: Jul 18 at 1:06 am

MLS# 7102970 Listing URL

Investment Insights

Based on property information with market context.

This well-maintained duplex offers a spacious, rarely found layout with original hardwood floors and a total of 9 bedrooms. Updates include newer windows, fresh paint, and a brand-new roof, contributing to a move-in-ready presentation.

The property is located at 3213 Minnehaha Avenue in Minneapolis, near the light rail and within close reach of restaurants, distilleries, and coffee shops.

With a compact lot size reported at 0.2 acres and an overall property size of 3,370 square feet, the home is positioned for either investment ownership or multigenerational living, depending on buyer preference.

Key Highlights

9 bedrooms and 3 bathrooms with a basement
Original hardwood floors
Brand‑new roof

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$78.5k	$23.28
− Vacancy	−$4.6k	−$1.35
EGI	$73.9k	$21.93
− OpEx	−$33.3k	−$9.87
NOI	$40.6k	$12.06

3,370 SF · lease $23.28/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Multifamily LT 5

$623.9K

$545.9K – $727.9K (±1% cap)

NOI $43,672 @ 7.0% cap · market cap 9.50%

Second Best

Apartment 5plus

$580.7K

$508.1K – $677.5K (±1% cap)

NOI $40,647 @ 7.0% cap · market cap 8.84%

Theoretical Best

Office A

$984.7K

$861.6K – $1.15M (±1% cap)

NOI $68,931 @ 7.0% cap · market cap 14.99%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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