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Apartment Building with Carriage House
For Sale
$1,650,000

3341 Nicollet Avenue, Minneapolis, MN 55408

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.13 Acres
Days on Market192

Property Features for 3341 Nicollet Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Residential-Multi-Family
Bedrooms 10
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 2, Bedroom 8, Bathroom 3, Bedroom 3, Bedroom 10, Bathroom 2, Bathroom 4, Basement, Bathroom 7, Bathroom 1, Bedroom 9, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 7, Bedroom 6, Bathroom 8, Bathroom 6, Bedroom 5
Parking features Driveway, Covered, Parking Lot
Patio and Porch features Porch, Patio, Deck
Fencing Chain Link, Privacy
Accessibility Accessible Approach with Ramp
Appliances Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Subdivision Bakers 2nd Add
Lot features Public Transit (w/in 6 blks), Tree Coverage - Light
High school district Minneapolis
Directions Nicollet Avenue to E 34th Street. Building is 1 lot North of the "garden plot" at the NE corner of the intersection of E 34th and Nicollet
Standard status Active
APN 0302824130085
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 15098

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Building materials Block, Timber/Post & Beam, Frame, Stone
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: Alex N Moros
Added: Apr 2 Changed: Oct 10 Last Checked: Oct 10 at 5:06AM
MLS# 7047817

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.

Investment Insights

Based on property information with market context.

At 3341 Nicollet Avenue, this apartment property includes four two-bedroom units in the main building, a basement efficiency, and a separate two-bedroom carriage house. The site encompasses 0.13 acres, and the main building dates to 1900.

Property features include forced-air heating, central air conditioning, covered parking, a parking lot, and a driveway. Outdoor areas include a patio, deck, and porch. The listed appliances include a cooktop, dishwasher, dryer, microwave, range, refrigerator, and washer.

Key Highlights

  • Main building contains 4 two‑bedroom units and a basement efficiency
  • Separate carriage house includes a 2‑bedroom unit
  • 0.13‑acre site

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Locksmith (Bike/Boat/Book/etc) Store Law Firm Home Appliance Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,143
Businesses Nearby

Demographics for 55408, MN

33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - The property combines two-bedroom residences, a basement efficiency, and on-site parking.
Where is this apartment building located?
The property is located at 3341 Nicollet Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Main building contains 4 two‑bedroom units and a basement efficiency; Separate carriage house includes a 2‑bedroom unit; 0.13‑acre site
More about this property
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