226 Gramercy AvenueMinneapolis, MN 55405
$400,000
4 bedrooms · 3 bathrooms · 2,664 finished sq ft
About this home
Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus a 1 bedroom and a studio ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand—ideal for an investor or owner-occupant seeking rental income and long-term upside!
Home facts
- Home type
- Multi-family home
- Style
- Triplex
- Year built
- 1912
- Bedrooms
- 4
- Bathrooms
- 3
- Finished sq ft
- 2,664
- Garage
- 2 stalls
- Basement
- Full, Unfinished, Daylight
- Heating
- Natural Gas, Forced Air
- Property taxes
- $7,229 a year
- Listed
- August 18, 2026
- MLS number
- 7128878
Listing courtesy of Edina Realty, Inc. (Douglas P Herkenhoff). MLS #7128878.
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How it compares
226 Gramercy Avenue, Minneapolis, MN 55405 is a 4-bedroom multi-family home built in 1912 in Harrison, listed for $400,000 on August 18, 2026 by Edina Realty, Inc.. That is in the middle range of the 182 multi-family homes for sale in Minneapolis right now (median $399,900; $150 per square foot here against $170 for the group). That works out to $150 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Harrison, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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