Five-Unit Multifamily
For Sale
$640,000
3948 Oakland Avenue, Minneapolis, MN 55407
Five-unit multifamily building with a 2019 boiler and four single-stall garages.
Property SizeContact for details
Days on Market236
Property Features for 3948 Oakland Avenue
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Commercial
Zoning
Residential-Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$2,310
Building Details
Year Built
1920
Units
5
Tenancy
Multi
Listing Agency:
MRG Realty Partners, LLC
(619) 756-5718
Listed By:
David B Dirkers · License #40585691
(619) 756-5718
Source:
Juverealestate
Added: Jan 1
Changed: Aug 23
Last Checked: Aug 25 at 8:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MRG Realty Partners, LLC
Investment Insights
Based on property information with market context.
3948 Oakland Avenue is a five-unit multifamily property with three two-bedroom units, one three-bedroom unit, and one four-bedroom unit. The building includes a new boiler installed in 2019 and has 100-amp electrical service. Four single-stall garages are included with the property. Current tenants are on month-to-month leases.
The property is located in the Bryant neighborhood of South Minneapolis and offers convenient access to I-35W and additional South Minneapolis area amenities.
The building is enrolled in the Minneapolis 4D program, which provides a reduction in annual property tax expense.
The property is located in the Bryant neighborhood of South Minneapolis and offers convenient access to I-35W and additional South Minneapolis area amenities.
The building is enrolled in the Minneapolis 4D program, which provides a reduction in annual property tax expense.
Key Highlights
- 5‑unit multifamily on Oakland Avenue: three 2‑bedroom units, one 3‑bedroom unit, and one 4‑bedroom unit
- New boiler installed in 2019
- 100‑amp electrical service
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily building with a 2019 boiler and four single-stall garages.
Where is this apartment building located?
The property is located at 3948 Oakland Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 5‑unit multifamily on Oakland Avenue: three 2‑bedroom units, one 3‑bedroom unit, and one 4‑bedroom unit; New boiler installed in 2019; 100‑amp electrical service
