3-Unit Triplex with Private
New
For Sale
$750,000
4333 Beard Avenue S, Minneapolis, MN 55410
Residential Income, Minneapolis, MN
Property Size3,430 SF
Lot Size0.18 Acres
Price / SF$218.66
Days on Market2
Property Features for 4333 Beard Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room, Bathroom 1, Basement
Patio and Porch features
Deck
Subdivision
Harriet Add
High school district
Minneapolis
Directions
East on 44th, North on Beard to property
Standard status
Active
APN
0802824310021
Size
3,430 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11175
Utilities
Heating system
Oil
Building Details
Year built
1928
Building materials
Frame
Listing Agency:
Keller Williams Realty Integrity
(952) 938-6100
Listed By:
Kari M Lundin
(612) 998-8959
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 5:06PM
MLS# 7105840
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.
This 3,430-square-foot triplex, built in 1928, contains two two-bedroom apartments and an open-plan studio. Original woodwork and hardwood floors add character throughout. The main-floor residence includes a sunroom, while an upper-level apartment features a private deck. The building sits on a 0.18-acre lot in Minneapolis’s Linden Hills neighborhood.
Residents pay their own heat and electricity costs. The property is heated with oil.
Residents pay their own heat and electricity costs. The property is heated with oil.
Key Highlights
- Three units: two two‑bedroom apartments and one studio
- 3,430 square feet on a 0.18‑acre lot
- Built in 1928 with original woodwork and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,115
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,300
$1.0M
Cap Rate 7%
$715,929
$715.9K
Cap Rate 9%
$556,833
$556.8K
Market Conditions
NOI Build-Up for 3,430 SF
Gross rent
$76.1K $22.20/SF
− Vacancy
−$4.6K −$1.33/SF
EGI
$71.6K $20.87/SF
− OpEx
−$21.5K −$6.26/SF
NOI
$50.1K $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%
$1,002,300
Cap Rate 7%
$715,929
Cap Rate 9%
$556,833
Alternative Uses
Best Use
Multifamily LT 5
$715.9K
$626.4K – $835.3K
NOI $50,115 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$657.6K
$575.4K – $767.2K
NOI $46,030 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$818.3K
$716.0K – $954.7K
NOI $57,283 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 55410, MN
21,352
Population
8,685
Households
2.5
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
3.1 sq mi
ZIP Area
6,888
Density / Sq Mi
$144,973
Median Household Income
$77,518
Median Earnings
$1,622
Median Rent
$597,400
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 - Three distinct apartments include two two-bedroom layouts and a contemporary studio.
Where is this triplex located?
The property is located at 4333 Beard Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three units: two two‑bedroom apartments and one studio; 3,430 square feet on a 0.18‑acre lot; Built in 1928 with original woodwork and hardwood floors
