819 24th Avenue NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- Mar 5, 2026
- Days on Market:
- 116
- Last Refresh:
- Jun 29 at 10:06 pm
Property Features for 819 24th Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1, Bedroom 7
- Parking features
- Garage - Detached, Driveway
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 1102924410185
- Size
- 2,980 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 13126
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
Listing agent Nicholas J Brierley (952) 368-0021
Listing office Bridge Realty, LLC 1101 E 78TH STREET SUITE 300, Bloomington, MN (952) 368-0021
Listing date Mar 5, 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
- $25K below its recent appraisal (per listing remarks).
- NE Minneapolis triplex with multiple income streams—each unit designed for independent living (per listing remarks).
- Exterior includes vinyl siding; forced‑air heating.
- Parking includes a driveway and a detached garage.
- Built in 1900; includes a basement.
- Updates called out in the listing: newer windows, updated water heaters, and well‑maintained systems.
Overview
The property is located at 819 24th Avenue NE in Minneapolis (Hennepin County), on a 0.26-acre lot with approximately 2,980 square feet of total building area. The listing notes the home is steps from the NE Arts District and minutes from downtown.
For buyers seeking a straightforward, multi-unit setup, this triplex provides the option to live in one unit while the other two can support rental income. Updated big-ticket items such as windows, water heaters, and exterior siding make it well suited for tenants who prefer turnkey living and for operators looking to prioritize maintenance stability. With three individual units, it can also offer flexibility in how rent is managed across the property.
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 | $66.2k | $22.20 |
| − Vacancy | −$4.0k | −$1.33 |
| EGI | $62.2k | $20.87 |
| − OpEx | −$18.7k | −$6.26 |
| NOI | $43.5k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.249943
- Latitude
- 45.012395
