3514 Grand Avenue SMinneapolis, MN 55408
$825,000
10 bedrooms · 8 bathrooms · 4,900 finished sq ft · 0.13 acre lot
About this home
A rare turnkey 2005-built triplex, with an extra studio/storage space, in one of Minneapolis's most in-demand rental submarkets — this property offers investors a stabilized asset with strong, consistent rents across all four units. The property has had zero vacancies in five years, and strong tenant quality and rental history make it a proven income producer from day one, not a projection. Current gross rents total $7,650 per month, or $91,800 annually. There's also a clear value-add lever: water can be separately metered so tenants cover their own usage, immediately improving NOI. Built in 2005, the property is newer construction than most of the surrounding rental stock, meaning lower near-term capex risk on major systems, and all the units feature modern kitchens, updated baths, and in-unit laundry — amenities that support premium rents and tenant retention. Located within walking distance to Uptown's restaurants, retail, and transit, the property benefits from the kind of walkability that keeps this submarket in consistent demand and supports long-term appreciation. With stabilized cash flow and a clear expense-reduction opportunity, this property offers rare in-place income in one of Uptown's tightest rental markets.
Home facts
- Home type
- Multi-family home
- Style
- Triplex
- Year built
- 2005
- Bedrooms
- 10
- Bathrooms
- 8
- Finished sq ft
- 4,900
- Lot
- 0.13 acres
- Garage
- 3 stalls
- Basement
- Block, Finished
- Heating
- Natural Gas, Forced Air
- Property taxes
- $14,668 a year
- Listed
- May 22, 2026
- MLS number
- 7079275
Listing courtesy of Real Broker, LLC (Shelbie Cox). MLS #7079275.
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How it compares
3514 Grand Avenue S, Minneapolis, MN 55408 is a 10-bedroom multi-family home built in 2005 in Lyndale, listed for $825,000 on May 22, 2026 by Real Broker, LLC. That is in the upper quarter of the 182 multi-family homes for sale in Minneapolis right now (median $399,900; $168 per square foot here against $170 for the group). That works out to $168 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.
- Lyndale, 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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