226 Gramercy Avenue, Minneapolis, MN 55405

Minneapolis
Local realty services provided by:ERA Prospera Real Estate
226 Gramercy Avenue,Minneapolis, MN 55405
$400,000
Virtual Tour
  • 4 Beds
  • 3 Baths
  • 2,664 sq. ft.
  • Multi-family
  • Active
Listed by: douglas p herkenhoff
Office: edina realty, inc.
MLS#:7128878
Source:NSMLS

Price summary

  • Price:$400,000
  • Price per sq. ft.:$87.85

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!

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Home facts

  • Year built:1912
  • Listing ID #:7128878
  • Added:53 day(s) ago
  • Updated:October 11, 2026 at 12:06 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Daylight / Lookout Windows, Full, Owner Access, Unfinished
  • Living area:2,664 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1912
  • Building area:2,664 sq. ft.
  • Lot area:6534 Acres
  • Lot Features:Public Transit (w/in 6 blks)
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$400,000
  • Price per sq. ft.:$87.85
  • Tax amount:$7,229 (2026)

Parking

  • Parking description:Detached Garage, RV Access/Parking
  • Garage:Yes
  • Garage spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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