4255 Thomas Avenue NMinneapolis, MN 55412
$359,000
4 bedrooms · 4 bathrooms · 2,550 finished sq ft · 0.14 acre lot
About this home
A FREE 1-0 Rate Buydown is being offered by the Seller's Preferred Lender to Owner Occupied Buyers. This DUPLEX investment opportunity has strong income potential! This fully leased 4 unit property offers a desirable mix of one-bedroom, studio, and two-bedroom layouts, providing diversified rental income and consistent tenant demand. Professionally managed and holding two rental licenses (zoned as a DUPLEX), this property is an excellent addition to an investment portfolio or a great opportunity for an owner looking to expand their holdings. The building features approximately 2,550 finished square feet and has an established occupancy history with leases already in place. Tenant leases are available for qualified buyers. Conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes, this property combines stable occupancy with long-term investment potential. Don't miss this rare opportunity to acquire a fully occupied multifamily asset in Minneapolis. Tenants are charged a monthly flat fee for electricity, gas, water, sewer & trash. This amount is already wrapped into the monthly rent that was stated. Buyer and Buyer's Agent to verify all details, including square footage. 24 Hour Tenant Notice required for showings.
Home facts
- Home type
- Multi-family home
- Style
- Duplex
- Year built
- 1940
- Bedrooms
- 4
- Bathrooms
- 4
- Finished sq ft
- 2,550
- Lot
- 0.14 acres
- Garage
- 2 stalls
- Basement
- Finished
- Heating
- Baseboard, Forced Air
- Property taxes
- $6,887 a year
- Listed
- July 7, 2026
- MLS number
- 7105318
Listing courtesy of Fuze Real Estate (Stacy Churchill). MLS #7105318.
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How it compares
4255 Thomas Avenue N, Minneapolis, MN 55412 is a 4-bedroom multi-family home built in 1940 in Victory, listed for $359,000 on July 7, 2026 by Fuze Real Estate. That is in the middle range of the 182 multi-family homes for sale in Minneapolis right now (median $399,900; $141 per square foot here against $170 for the group). That works out to $141 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:36 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.
- Victory, 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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