Triplex With Attached
For Sale
$849,900
3412 Humboldt Avenue S, Minneapolis, MN 55408
Residential Income, Minneapolis, MN
Property Size5,195 SF
Lot Size0.12 Acres
Price / SF$163.60
Days on Market99
Property Features for 3412 Humboldt Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Residential-Multi-Family
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bedroom 7, Bedroom 2, Basement, Bedroom 6, Bathroom 5, Bedroom 9, Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Laundry Room, Bathroom 4, Bathroom 6, Bedroom 1
Parking features
Garage, Open, Garage - Attached, Driveway
Patio and Porch features
Patio, Porch
Subdivision
Calhoun Park
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light, Underground Utilities
High school district
Minneapolis
Directions
Hennepin Ave to W 34th St, West to Humboldt Ave S, South to Property located on right.
Standard status
Active
APN
0402824310064
Size
5,195 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
16013
Utilities
Heating system
Oil
Building Details
Year built
1948
Building materials
Block, Brick, Frame
Roof type
Shingle, Flat, Rubber
Listing Agency:
MOVE
(651) 955-3472
Listed By:
Thomas B Meckey
(612) 327-8303
Added: Jul 10
Changed: Sep 23
Last Checked: Oct 16 at 12:06PM
MLS# 7106694
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.
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Investment Insights
Based on property information with market context.
Built in 1948, this Minneapolis triplex contains 5,195 square feet on a 0.12-acre lot. The property operates as a triplex with a non-conforming fourth unit and includes hardwood floors, abundant natural light, patios, porches, and an attached two-car garage. Construction materials include block, brick, and frame, with oil heating and a combination of garage, open, and driveway parking.
The property is located at 3412 Humboldt Avenue S in Minneapolis, near Lake Bde Maka Ska and the Lyn-Lake and Uptown dining, shopping, and entertainment districts. Public transit and bikeable streets are nearby, with access to I-35W and downtown Minneapolis. Local zoning, square footage, and unit compliance details should be verified with the city.
The property is located at 3412 Humboldt Avenue S in Minneapolis, near Lake Bde Maka Ska and the Lyn-Lake and Uptown dining, shopping, and entertainment districts. Public transit and bikeable streets are nearby, with access to I-35W and downtown Minneapolis. Local zoning, square footage, and unit compliance details should be verified with the city.
Key Highlights
- 5,195 square feet of finished space on a 0.12‑acre lot
- Triplex configuration with a non‑conforming 4th unit
- Attached 2‑car garage plus open parking and driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,903
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,518,060
$1.5M
Cap Rate 7%
$1,084,329
$1.1M
Cap Rate 9%
$843,367
$843.4K
Market Conditions
NOI Build-Up for 5,195 SF
Gross rent
$115.3K $22.20/SF
− Vacancy
−$6.9K −$1.33/SF
EGI
$108.4K $20.87/SF
− OpEx
−$32.5K −$6.26/SF
NOI
$75.9K $14.61/SF
Area
Minneapolis, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,518,060
Cap Rate 7%
$1,084,329
Cap Rate 9%
$843,367
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$948.8K – $1.27M
NOI $75,903 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$995.9K
$871.4K – $1.16M
NOI $69,715 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,759 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Classic Minneapolis property with hardwood floors, generous natural light, and a non-conforming fourth unit.
Where is this triplex located?
The property is located at 3412 Humboldt Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 5,195 square feet of finished space on a 0.12‑acre lot; Triplex configuration with a non‑conforming 4th unit; Attached 2‑car garage plus open parking and driveway
