Minneapolis, MN Multifamily Properties for Sale

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Updated: Jul 13

Five-Unit Multifamily Building

2445 Aldrich Avenue S, Minneapolis, MN 55405

$1,095,000

7,253 sqft

Five‑unit multifamily built in 1911 with four 2BR/1BA units and one top‑floor 4BR/1BA unit
Original hardwood floors and built‑ins in the building
All units remodeled within the last 10–12 years
Front and back porches provide additional outdoor living space
Close to Uptown, Downtown Minneapolis, and the Chain of Lakes

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2445 Aldrich Avenue S, Minneapolis, MN 55405

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$97K
Annual
Price @ 7% Cap

$1.39M
Above asking
Property Type

Apartments (Generic)
Built 1911

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Updated: Aug 13

Updated Duplex With Detached Garage

2748 Dupont Avenue S, Minneapolis, MN 55408

$559,900

4,227 sqft 0.11 AC lot

6‑bedroom, 4‑bathroom duplex with 4,227 square feet
Legal duplex with 3 kitchens and potential for triplex conversion
Main floor 2/1 1400ft2 unit; upper 4/2 3000ft2 unit
Detached 2‑car garage with driveway parking
0.11‑acre lot with privacy fencing

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Corner-Lot Duplex with Finished Basement

3852 Standish Avenue, Minneapolis, MN 55407

$529,900

2,462 sqft 0.13 AC lot

Owner-occupied property with hardwood floors, practical kitchen and dining layouts, and newer high-efficiency mechanical systems.

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Corner-Lot Quadplex

2500 Como Avenue SE, Minneapolis, MN 55414

$799,000

4,026 sqft 0.21 AC lot

Four residential units offer three-bedroom layouts, hardwood floors, rear parking, and proximity to the University of Minnesota campus.

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Updated Duplex with Two Kitchens

1604 Elliot Ave, Minneapolis, MN 55404

$649,999

4,757 sqft

Two spacious units combine character details, modern improvements, private outdoor access, and flexible living arrangements.

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Four-Plex Investment Property

2121 13th Avenue S, Minneapolis, MN 55404

$649,000

5,542 sqft 0.11 AC lot

Four-plex in Minneapolis with recent roof and siding updates and enrollment in the City of Minneapolis 4d Affordable Housing program.

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Four-Unit Apartment Building with Balconies

3101 E 24th Street, Minneapolis, MN 55406

$875,000

4,464 sqft

Fully leased property with matching floor plans, private entries, and basement storage.

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Triplex with Non-Conforming Basement Unit

3018 Chicago Avenue, Minneapolis, MN 55407

$599,900

4,439 sqft 0.13 AC lot

Triplex with new shingle roof, stucco exterior, and detached garage plus driveway parking.

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Modern Three-Unit Multifamily Property

5424 32nd Ave S, Minneapolis, MN 55417

$900,000

5,400 sqft

Recently constructed rental property with updated interiors, individual parcel identification, and access to neighborhood amenities and transit.

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Triplex With Attached Garage

3412 Humboldt Avenue S, Minneapolis, MN 55408

$879,900

5,195 sqft 0.12 AC lot

Classic brick-and-frame multifamily property with hardwood floors, abundant natural light, and an attached two-car garage.

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Brick Four-Unit Quadplex

3514 Grand Avenue S, Minneapolis, MN 55408

$849,900

4,900 sqft 0.13 AC lot

Updated kitchens, baths, and in-unit laundry serve all four residential units.

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Quadplex with Four-Car Detached Garage

2535 Aldrich Avenue S, Minneapolis, MN 55405

$1,100,000

5,225 sqft 0.11 AC lot

Modernized quadplex built in 1908 with detached four-car garage and upgraded electric, plumbing, heating, siding, windows, and roofing.

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Updated Quadplex With Parking

2720 Dupont Avenue S, Minneapolis, MN 55408

$674,900

4,000 sqft 0.12 AC lot

Four well-kept units feature refreshed kitchens, hardwood floors, and shared basement laundry and storage.

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Updated Tudor Revival Triplex

2700 Pillsbury Ave S, Minneapolis, MN 55408

$749,900

5,400 sqft

Three updated residences retain historic details while providing in-unit laundry and separate mechanical systems.

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Renovated Fourplex with Loft Access

2630 Blaisdell Avenue, Minneapolis, MN 55408

$524,900

3,164 sqft 0.17 AC lot

Four-unit Victorian property with updated interiors, rear driveway parking, and unfinished upper-level expansion space.

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Duplex with Ground-Level Studio

2635 Pillsbury Avenue S, Minneapolis, MN 55408

$520,000

2,935 sqft 0.11 AC lot

Two occupied main units are complemented by a furnished vacant studio and detached garage.

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3-Unit Apartment Building

2223 Pleasant Ave, Minneapolis, MN 55404

$615,400

4,014 sqft

Two- and three-bedroom layouts include storage, updated cabinetry, and shared covered outdoor areas.

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Duplex with Detached Garage

2508 W 39th Street, Minneapolis, MN 55410

$749,900

3,070 sqft 0.16 AC lot

Well-maintained duplex with detached garage, brick/stone and stucco exterior, and forced-air heating.

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Minneapolis Mixed-Use Investment Opportunity

1720 Glenwood Ave, Minneapolis, MN 55405

$875,000

15,813 sqft

Mixed-use building with residential and commercial spaces in evolving neighborhood.

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Italianate Quadplex with Private Laundry

444-446 Madison Street NE, Minneapolis, MN 55413

$885,000

3,560 sqft 0.15 AC lot

Italianate quadplex with 3 garage spaces, off-street parking, and private laundry across 4 units.

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Updated Two-Unit Duplex

3420 Humboldt Ave S, Minneapolis, MN 55411

$750,000

4,800 sqft

Two spacious residential units feature extensive recent renovations near Minneapolis lakes, parks, dining, and shopping.

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Updated Four-Unit Quadplex

2017 Grand Avenue S, Minneapolis, MN 55405

$675,000

4,732 sqft 0.19 AC lot

Four residential units include hardwood floors, fireplaces, private outdoor space, and three detached garage stalls.

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All-Brick Quadplex

2621 2nd Ave S, Minneapolis, MN 55408

$550,000

3,836 sqft

Four-unit property with separate utility metering and paved on-site parking.

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Side-By-Side Duplex with Brick Exterior

5038 Nicollet Avenue, Minneapolis, MN 55419

$524,900

1,867 sqft 0.17 AC lot

Side-by-side duplex in Minneapolis with refinished hardwood floors, forced-air heat, and a detached garage.

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Minneapolis, MN Multifamily Properties Market Trends and Statistics

Explore 220 multifamily properties for sale in Minneapolis, MN, showcased through 220 active listings on our real estate platform. These investment opportunities span a total of 772,993 square feet of properties for sale, with an estimated market value of $97,104,408.

Sale prices for multifamily properties in Minneapolis, MN start at $74,900, averaging $542,482, and reaching up to $5,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 1.13M

Population Growth (5Y) +11.2%

Median Household Income $93,401

College Educated 49.8%

High-Yield Neighborhoods for Investment

Identify Minneapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
55411	$334.3K
55412	$356.7K
55454	$375K
55418	$407.6K
55403	$499.6K

Taxes & Financing

Tax Rate (average for all types) 2.98%

Property Tax per SF $22.67 per SF

Tax Rate vs County Average 0.02 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hennepin County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Minneapolis fall within the 10,000 to 25,000 square foot range.

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