3548 Portland AvenueMinneapolis, MN 55407
$569,900
8 bedrooms · 4 bathrooms · 4,096 finished sq ft · 0.12 acre lot
About this home
Excellent opportunity for an owner-occupant or investor! This South Minneapolis fourplex features an attractive brick exterior and four spacious 2-bedroom, 1-bathroom apartments. Built in 1923, the two-story building offers approximately 4,096 finished square feet and retains much of its original charm, including hardwood floors, beautiful natural woodwork, and original built-in cabinetry. One apartment is currently vacant, creating an ideal opportunity for an owner-occupant to move in while collecting rental income from the other three units. Investors will appreciate the established rental history, with the property most recently generating over $69,000 in annual gross rents when fully occupied. Two apartments were refreshed during tenant turnovers in 2024. The full unfinished basement provides ample storage space along with a shared laundry room. Additional features include central boiler heat, tenant-paid electricity and cooking gas, and off-street parking. Located near Powderhorn Park, with convenient access to I-35W and nearby shopping, dining, and neighborhood amenities. Whether you're looking to offset your housing expenses with rental income or expand your investment portfolio, this fourplex offers flexibility and opportunity in South Minneapolis.
Home facts
- Home type
- Townhome
- Style
- Quadruplex
- Year built
- 1923
- Bedrooms
- 8
- Bathrooms
- 4
- Finished sq ft
- 4,096
- Lot
- 0.12 acres
- Basement
- Full, Unfinished
- Heating
- Natural Gas
- Property taxes
- $9,895 a year
- Listed
- November 2, 2026
- MLS number
- 7133594
Listing courtesy of Peritus Real Estate (John A Stiles). MLS #7133594.
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How it compares
3548 Portland Avenue, Minneapolis, MN 55407 is a 8-bedroom townhome built in 1923 in Central, listed for $569,900 on November 2, 2026 by Peritus Real Estate. That is in the lower quarter of the 28 townhomes for sale in Minneapolis right now (median $629,500; $139 per square foot here against $183 for the group). That works out to $139 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.
- Central, 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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