3954 Portland Avenue, Minneapolis, MN 55407
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jun 11, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 30 at 3:06 pm
Property Features for 3954 Portland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bedroom 3
- Parking features
- Garage - Detached
- Exterior features
- Stucco
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 1002824110170
- Size
- 2,491 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6426
Utilities
- Heating system
- Radiant, Forced Air
Building Details
- Year built
- 1889
Listing agent Alyssa Strom (612) 821-7400
Listing office Keller Williams Realty Integrity Lakes 800 N Washington Ave N Ste 460, Minneapolis, MN (612) 821-7400
Listing date Jun 11, 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
- Spacious Bryant duplex with more than 2,600 finished SF
- Main‑level unit: 2 bedrooms, 1 bath, hardwood floors
- Upper unit spans two levels with 3 bedrooms and 2 baths
- Updated kitchens and baths plus shared laundry
- Detached two‑car garage with chain‑link fencing
- Stucco exterior; forced‑air and radiant heating
Overview
Located in Minneapolis, the home is listed for sale in Hennepin County. The address is 3954 Portland Avenue, Minneapolis, MN 55407.
For owner-occupants, the layout supports living in one unit while renting the other to help offset housing costs. For investors, the duplex configuration provides two separate sets of bedrooms and baths with updated kitchens and baths, along with shared laundry and dedicated off-street parking via the detached two-car garage. The corner-lot setting and variety of unit layouts make the property well-suited to tenants or households looking for more space within a multifamily structure.
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 | $55.3k | $22.20 |
| − Vacancy | −$3.3k | −$1.33 |
| EGI | $52.0k | $20.87 |
| − OpEx | −$15.6k | −$6.26 |
| NOI | $36.4k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.267971
- Latitude
- 44.930718
