349 15th Avenue NE, Minneapolis, MN 55413
MULTI_FAMILY - Minneapolis, MN
- Added:
- Apr 14, 2026
- Days on Market:
- 78
- Last Refresh:
- Jun 30 at 12:06 am
Property Features for 349 15th Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 3, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1
- Parking features
- Covered, Driveway
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 1402924210003
- Size
- 2,748 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9002
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1958
- Building materials
- Brick, Frame
- Roof type
- Shingle
Listing agent Michael Moe (763) 657-4444
Listing office Keller Williams Classic Rlty NW 10402 73rd Ave N, Maple Grove, MN (763) 463-7500
Listing date Apr 14, 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
- All‑brick triplex built in 1958 with brick/stone exterior and shingle roof
- Unit mix: one 3‑bedroom/2‑bath unit spanning the main floor plus two 1‑bedroom/1‑bath units on the upper level
- Each unit updated with stainless steel appliances, stone countertops, and a dishwasher
- Coin laundry available for shared use by all units
- Currently generating almost $60k in annual income
- Roof, mechanicals, and windows reported in great condition and on the newer side; covered parking with driveway
Overview
The property is located at 349 15th Avenue NE in Minneapolis, MN 55413, in NE Minneapolis.
This configuration is well-suited for an owner-operator or investor seeking a straightforward residential income asset with a mix of unit sizes, including a full 3-bedroom, 2-bath layout and two smaller 1-bedroom units. With updates already in place and the building’s major components reported to be newer or well maintained, the triplex supports everyday management while maintaining a durable condition profile for ongoing operations. Current annual income is reported at almost $60,000.
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 | $61.0k | $22.20 |
| − Vacancy | −$3.6k | −$1.33 |
| EGI | $57.4k | $20.87 |
| − OpEx | −$17.2k | −$6.26 |
| NOI | $40.2k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.262176
- Latitude
- 45.003272
