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USAMNMinneapolisPhillips West2314 Portland Ave
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2314 Portland Ave, Minneapolis, MN

House

For Sale

Listed price in listed location currency (USD).
$449,900

930

MLS® 7075280

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 4105 sqft
Garage 
Taxes $6,406
Days Active 2
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $109
MLS® Number 7075280

Property Address: 2314 Portland Ave, Minneapolis, MN, 55404-3752

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

Description

Excellent multifamily investment opportunity in a prime South Minneapolis location with long-term tenants! This well-maintained, large duplex at 2314 Portland Ave S, Minneapolis, MN 55404 offers spacious living arrangements with 5BR/2BA and 3BR/1BA units, separate entrances, and abundant off-street parking — a rare amenity in the urban core. The property combines strong functionality with excellent rental potential, making it ideal for both investors and owner-occupants seeking stable income and long-term appreciation. Spacious units, flexible layouts, and consistent tenant demand create an attractive opportunity in one of Minneapolis’ most accessible neighborhoods. Conveniently located near downtown Minneapolis, public transit, parks, restaurants, hospitals, and major employment corridors, this property offers outstanding connectivity and strong tenant appeal. Additional upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled. The property is fully occupied with long-term tenants in place, providing stable and predictable income: Unit 1 (5BR/2BA): $2, 050/month lease through May 31, 2027 Unit 2 (3BR/1BA): $1, 750/month lease through March 31, 2027 Current Gross Rental Income: $3, 800/month ($45, 600 annually) Utilities: Trash & Water: $303.35/month Electric: $18/month Total Average Utilities: $321.35/month ($3, 856 annually) Strong location, solid fundamentals, and future upside potential make this a compelling addition to any investment portfolio.
MLS® Number7075280
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementCrawl Space, Daylight/Lookout Windows, Drainage System, Full, Unfinished
DrivewayConcrete, Shared Driveway, Open
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 1, 2026List Date
$449,900List Price
  • Commute

Commute

Starting Address
Destination Address
2314 Portland Ave, Minneapolis, MN

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