3327 Oakland Avenue, Minneapolis, MN 55407
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 2, 2026
- Days on Market:
- 66
- Last Refresh:
- Jul 6 at 5:06 pm
Property Features for 3327 Oakland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Basement, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4
- Parking features
- Driveway
- Exterior features
- Stucco
- Fencing
- Privacy, Chain Link
- Standard status
- Active
- APN
- 0202824230151
- Size
- 1,920 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4521
Utilities
- Heating system
- Other (Heating), Hot Water(Heating)
Building Details
- Year built
- 1937
- Building materials
- Block, Frame
- Roof type
- Flat
Listing agent Tomas Rodrigo Leal (763) 657-4444
Listing office Keller Williams Classic Rlty NW 10402 73rd Ave N, Maple Grove, MN (763) 463-7500
Listing date May 2, 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
- Turnkey 2‑bed/2‑bed duplex in Powderhorn/Central Minneapolis with tenant‑occupied units
- Combined rent of $2,905/mo: upper unit $1,435/mo and lower unit $1,470/mo on month‑to‑month leases
- Full basement plus stucco exterior with block and frame construction; flat roof
- Parking: four‑car off‑street parking with driveway
- Recent updates include flat roof repair (2026), fresh paint, and updated window framing
- Utilities: tenants pay electricity and gas
Overview
Located in Powderhorn/Central Minneapolis, the home is positioned just minutes from downtown, parks, transit, and I-35W. Both units are active, making it suitable for an owner-occupant looking to house-hack or an investor adding to a portfolio. Note that some photos have been virtually altered for presentation purposes.
For buyers seeking an income-producing residential property with straightforward unit configuration and immediate occupancy, this duplex provides two separate 2-bedroom apartments under month-to-month terms. The combination of recent interior updates, basement space, and additional parking supports a practical next-step for ownership—whether you plan to continue operating as a rental or occupy one unit while renting the other.
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 | $42.6k | $22.20 |
| − Vacancy | −$2.5k | −$1.33 |
| EGI | $40.1k | $20.87 |
| − OpEx | −$12.0k | −$6.26 |
| NOI | $28.1k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.266057
- Latitude
- 44.942289
