2314 Portland Avenue S, Minneapolis, MN 55404
Local realty services provided by:ERA Prospera Real Estate
2314 Portland Avenue S,Minneapolis, MN 55404
$449,900
- 9 Beds
- 3 Baths
- 4,105 sq. ft.
- Multi-family
- Active
Listed by: david h berglund
Office: summit realty llc.
MLS#:7075280
Source:NSMLS
Price summary
- Price:$449,900
- Price per sq. ft.:$83.7
About this home
Excellent multifamily investment opportunity in a prime South Minneapolis location with long-term tenants! This well-maintained, large duplex at 2314 Portland Ave S, Minneapolis, MN 55404 offers spacious living arrangements with 5BR/2BA and 3BR/1BA units, separate entrances, and abundant off-street parking, a rare amenity in the urban core.
The property combines strong functionality with excellent rental potential, making it ideal for both investors and owner-occupants seeking stable income and long-term appreciation. Spacious units, flexible layouts, and consistent tenant demand create an attractive opportunity in one of Minneapolis’ most accessible neighborhoods.
Conveniently located near downtown Minneapolis, public transit, parks, restaurants, hospitals, and major employment corridors, this property offers outstanding connectivity and strong tenant appeal.
Additional upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled.
The property is fully occupied with long-term tenants in place, providing stable and predictable income:
Unit 1 (5BR/2BA): $2,050/month lease through May 31, 2027
Unit 2 (3BR/1BA): $1,750/month lease through March 31, 2027
Current Gross Rental Income: $3,800/month ($45,600 annually)
Utilities:
Trash & Water: $303.35/month
Electric: $18/month
Total Average Utilities: $321.35/month ($3,856 annually)
Strong location, solid fundamentals, and future upside potential make this a compelling addition to any investment portfolio....
Contact an agent
Home facts
- Year built:1900
- Subdivision & Development:Phillips West
- Listing ID #:7075280
- Added:60 day(s) ago
- Updated:August 01, 2026 at 12:10 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Basement:Yes
- Basement Description:Crawl Space, Daylight / Lookout Windows, Drainage System, Full, Unfinished
- Living area:4,105 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Age Over 8 Years, Asphalt
- Year built:1900
- Building area:4,105 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Public Transit (w/in 6 blks), Tree Coverage - Light
- Exterior Features:Common Garden
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$449,900
- Price per sq. ft.:$83.7
- Tax amount:$6,406 (2026)
Features and amenities
- Laundry features:Coin-op Laundry Owned
Parking
- Parking description:Concrete, Open, Shared Driveway
New listings near 2314 Portland Avenue S
- Coming Soon
$850,000Coming Soon10 beds 4 baths2316 25th Avenue S, Minneapolis, MN 55406
MLS# 7117814Listed by: RE/MAX RESULTS - Coming Soon
$524,900Coming Soon3 beds 3 baths2341 Taft Street Ne, Minneapolis, MN 55418
MLS# 7119915Listed by: COLDWELL BANKER REALTY - LAKES - New
$499,900Active4 beds 3 baths2,250 sq. ft.1308 W 24th Street, Minneapolis, MN 55405
MLS# 7119736Listed by: NATIONAL REALTY GUILD
$1,100,000Pending5 beds 4 baths3,851 sq. ft.4836 Harriet Avenue, Minneapolis, MN 55419
MLS# 7108392Listed by: COLDWELL BANKER REALTY - SOUTHWEST REGIONAL- Coming Soon
$609,900Coming Soon3 beds 2 baths720 W 53rd Street, Minneapolis, MN 55419
MLS# 7107003Listed by: DRG - New
$240,000Active3 beds 2 baths1,385 sq. ft.1907 25th Avenue N, Minneapolis, MN 55411
MLS# 7115358Listed by: EXP REALTY - New
$319,000Active2 beds 2 baths1,207 sq. ft.519 S 9th Street S #1, Minneapolis, MN 55404
MLS# 7117153Listed by: BUYRENTSELL.COM, LLC - Open Sun, 1 to 3pmNew
$695,000Active3 beds 3 baths1,924 sq. ft.2790 Dean Parkway, Minneapolis, MN 55416
MLS# 7117604Listed by: KELLER WILLIAMS REALTY INTEGRITY LAKES - Open Sun, 1 to 2:30pmNew
$294,500Active2 beds 1 baths768 sq. ft.2929 34th Avenue S, Minneapolis, MN 55406
MLS# 7118318Listed by: COLDWELL BANKER REALTY - New
$519,900Active6 beds 3 baths3,436 sq. ft.2209 Aldrich Avenue S, Minneapolis, MN 55405
MLS# 7119612Listed by: FUZE REAL ESTATE