2524 Portland Ave Minneapolis, MN 55404

OFF-MARKET

Residential income properties

Property ID

US46-0132360

3,424 SF 0.16 ac lot Built 1885

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This six-unit multifamily building is located in Minneapolis, Minnesota, and is zoned for business and commercial use. The unit mix consists of one efficiency unit, three one-bedroom units, and two two-bedroom units. Each unit is equipped with a mini-split air conditioning system, and the utilities are separately metered so tenants are responsible for heating and electricity, including hot water. Hot water service is provided by six separate hot water heaters. The building has undergone exterior updates, including a newer roof and siding, and the electrical system was replaced in 2020. The units have been fully updated and the building is configured for independent rental use.

Property type Residential income properties

Year built 1885

Total area 3,424 SF

Lot 0.16 ac (6,970 SF)

UPID US46-0132360

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

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2524 Portland Ave Minneapolis, MN 55404

Minneapolis metro

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