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Listed price in listed location currency (USD).
$575,000

640

MLS® 7002981

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 3529 sqft
Garage Yes
Taxes $8,248
Days Active 1
Lot Size 
Approx. Age 1917
Avg. Price Per Sqft $162
MLS® Number 7002981

Property Address: 2801 Oakland Ave, Minneapolis, MN, 55407-1301

Average square foot calculated using Size range provided by listing agent.

Description

This unique offering features two separate homes on one shared lot, creating a rare and flexible investment opportunity. The first property, 627 E 28th Street, is a multi-family home with approximately 1, 400 finished square feet and includes two 1-bedroom, 1-bath units arranged in an up-and-down layout. The upper unit is currently leased as a long-term rental, while the main-level unit operates as a short-term rental. The second property, 2801 Oakland Avenue, is a single-family home zoned R5 with 2, 129 finished square feet, offering 4 bedrooms and 2 bathrooms and currently used for short-term rentals by the owner. Both homes are set up for easy rental management with separate, secure entry access for each unit. Furniture may be purchased separately. The Oakland Avenue home has seen extensive updates, including renovated kitchen and bathrooms, updated flooring, vinyl-clad replacement windows, and a newer roof. All bedrooms feature electronic key access, and the lower-level bedroom also works well as a flexible living or family room space. The 28th Street duplex has also been updated throughout, with refreshed kitchens and baths, refurbished windows, window treatments, a newer boiler, and a new roof. Both properties are truly turnkey, with a proven track record of strong rental performance, boasting nearly 300 guest reviews and an exceptional 4.92-star average rating on Airbnb. Additional features include a shared two-car detached garage and a shared parking lot. Any future lot division would require city approval. This is an outstanding opportunity for investors or owner-occupants looking to generate income in multiple ways. Schedule your tour today!
MLS® Number7002981
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1917
BasementBlock
DrivewayDetached Garage, Insulated Garage, Parking Lot
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 4, 2026List Date
$575,000List Price
  • Commute

Commute

Starting Address
Destination Address
2801 Oakland Ave, Minneapolis, MN

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