Minneapolis, MN Triplexes for Sale

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Updated: Aug 13

Fully Rented Triplex with Studio

2444 1st Avenue S, Minneapolis, MN 55404

$449,900

3,009 sqft 0.14 AC lot

Fully rented triplex with two 2‑bedroom units and one 1‑bedroom unit
3009 square feet on a 0.14‑acre lot
Third‑floor studio space for an artist’s studio, home office, creative space, or living area
Separate utilities and on‑site laundry
Covered off‑street parking

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2444 1st Avenue S, Minneapolis, MN 55404

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$40K
Annual
Price @ 7% Cap

$577K
Above asking
Property Type

Triplex
Built 1909

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Updated: Jul 18

Triplex with Non-Conforming Basement Unit

3018 Chicago Avenue, Minneapolis, MN 55407

$599,900

4,439 sqft 0.13 AC lot

New shingle roof and new exterior paint
Three legal rental units plus a non‑conforming basement unit
12 bedrooms total across the property
4,439 SF on a 0.13‑acre lot
Built in 1909 with baseboard heat and fireplaces

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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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Duplex with Shared Parking

806 6th Street SE, Minneapolis, MN 55414

$599,900

3,336 sqft 0.13 AC lot

Wood-frame rental property offered with a neighboring triplex and shared parking near the University of Minnesota campus.

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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 Near University Campus

810 6th Street SE, Minneapolis, MN 55414

$949,900

3,276 sqft 0.13 AC lot

Multifamily property with 11 bedrooms, five bathrooms, stucco exterior, hot-water heating, and lot parking.

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Triplex with Separate Laundry

2820 12th Avenue S, Minneapolis, MN 55407

$550,000

4,320 sqft 0.19 AC lot

Triplex offering two 4 bed, 2 bath units plus a 3 bed, 1 bath basement unit, each with its own laundry.

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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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Updated Three-Unit Triplex

505 8th Avenue SE, Minneapolis, MN 55414

$499,000

1,964 sqft 0.09 AC lot

Well-maintained multifamily property with separate heating and electrical meters, porches, and off-street parking.

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Corner Lot Triplex

3300 41st Avenue S, Minneapolis, MN 55406

$395,000

2,052 sqft 0.11 AC lot

Triplex with three 2-bedroom, 1-bath units, off-street parking, basement storage, and owned coin-operated laundry.

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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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Two-Story Triplex with Fenced Yard

3541 Clinton Avenue, Minneapolis, MN 55408

$325,000

2,382 sqft 0.13 AC lot

Well-maintained multifamily property with separate entrances, finished living areas, and a private outdoor space.

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New Construction Triplex with Detached Three-Car Garage

3336 3rd Avenue S, Minneapolis, MN 55408

$999,900

3,772 sqft 0.13 AC lot

New construction triplex with three 3-bedroom, two-bath units and a detached three-car garage plus forced-air heating.

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Triplex with Updated Systems

3300 41st Ave S, Minneapolis, MN 55421

$395,000

2,052 sqft

Recent capital improvements include roofing, sewer, plumbing, and furnace work.

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Triplex with Finished Lower-Level Unit

3724 Bloomington Avenue, Minneapolis, MN 55407

$389,900

3,600 sqft 0.14 AC lot

Triplex on a 0.14-acre lot with a finished lower level featuring two bedrooms and a kitchen.

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Triplex with Updated Interiors

318 7th Avenue NE, Minneapolis, MN 55413

$449,900

1,900 sqft 0.12 AC lot

Triplex on a 0.12-acre lot with forced-air heat, a shingle roof, and updated kitchens.

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Well-Maintained Triplex with 11 Bedrooms

403 6th Street Southeast, Minneapolis, MN 55414

$600,000

Triplex offers two 4-bedroom, 2-bath units and one 3-bedroom, 1-bath unit totaling 11 bedrooms.

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Triplex with Enclosed Backyard

3241 Cedar Avenue S, Minneapolis, MN 55407

$399,900

3,000 sqft 0.14 AC lot

Three fully occupied units with an enclosed, fenced backyard featuring a patio, plus a partially finished basement and garage workshop.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Minneapolis, MN

Minneapolis, MN Triplexes Market Trends and Statistics

Explore 18 triplexes for sale in Minneapolis, MN, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 59,111 square feet of properties for sale, with an estimated market value of $10,748,400.

Sale prices for three-family homes in Minneapolis, MN start at $325,000, averaging $597,133, and reaching up to $999,900 — 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
55406	$409.9K
55407	$492.4K
55404	$495K
55413	$522.5K
55418	$575K

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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