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Listed price in listed location currency (USD).
$2,425,000

000

MLS® 7088951

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $16,226
Days Active 0
Lot Size 
Approx. Age 1968
MLS® Number 7088951

Property Address: 3520 12th Avenue S, Minneapolis, MN, 55407

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

Description

21-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $2, 425, 000 ($115, 476/door). This 1BR, 2BR, and studio building features on-site parking and shared laundry with current rents running below market, presenting immediate upside for a new owner. The most recent capital upgrade was a brand new roof in 2026, with newer mechanicals, a clean exterior, and numerous energy efficiency appliance upgrades through the Minneapolis 4D program which also keeps taxes low. Many units have already been remodeled with additional turns remaining, creating a clear and executable value-add path. Potential NOI of $193, 648 with meaningful rent upside still on the table. Ideal for an operator or passive investor looking to deploy into a proven south Minneapolis value-add multifamily. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9, 750, 000. Refer to OM for more details.
MLS® Number7088951
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1968
Basement
DrivewayParking Lot, Paved Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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