3514 Grand Avenue S, Minneapolis, MN 55408
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 22, 2026
- Days on Market:
- 40
- Last Refresh:
- Jun 30 at 12:06 pm
Property Features for 3514 Grand Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bedroom 8, Basement, Bedroom 2, Bedroom 9, Bathroom 6, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 10, Bathroom 7, Bathroom 8, Bedroom 6, Bathroom 4
- Parking features
- Garage - Detached
- Exterior features
- Brick/Stone, Vinyl
- Standard status
- Active
- APN
- 0302824320126
- Size
- 4,900 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 14668
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2005
Listing agent Shelbie Cox (612) 600-6000
Listing office Real Broker, LLC 2355 Hwy. 36 W Suite 439, St. Paul, MN (855) 450-0442
Listing date May 22, 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
- Triplex built in 2005 with brick/stone and vinyl exterior
- Each unit includes modern kitchen, bathrooms, and in‑unit laundry
- Detached garage parking available
- Forced‑air heating
- Potential to reduce water costs with separately metered water and tenants covering their own water costs
- Additional bedroom in unit #3
Overview
Located in Minneapolis at 3514 Grand Avenue S (55408), the home is positioned in the Uptown area, with restaurants, shops, and public transportation within walking distance.
For tenants and operators, the mix of in-unit laundry and self-contained living spaces helps reduce shared-laundry friction and supports efficient turn rhythms. The listing notes potential operational flexibility through separately metering water so tenants cover their own water costs. It also states unit #3 includes an additional bedroom, which may offer a way to adjust that unit’s configuration over time.
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 | $108.8k | $22.20 |
| − Vacancy | −$6.5k | −$1.33 |
| EGI | $102.3k | $20.87 |
| − OpEx | −$30.7k | −$6.26 |
| NOI | $71.6k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.284707
- Latitude
- 44.93893
