3232 3rd Avenue S, Minneapolis, MN 55408
Local realty services provided by:ERA Gillespie Real Estate
3232 3rd Avenue S,Minneapolis, MN 55408
$449,000
- - Beds
 - - Baths
 - 2,560 sq. ft.
 - Multi-family
 - Active
 
Listed by:mike moe
Office:keller williams classic rlty nw
MLS#:6807838
Source:NSMLS
Price summary
- Price:$449,000
 - Price per sq. ft.:$175.39
 
About this home
The investment opportunity you’ve been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors—ideal for attracting top-market rents while minimizing future repair costs.
With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned portfolio builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric.
Don’t miss this cash-flow opportunity with built-in equity potential—schedule your showing today!
Contact an agent
Home facts
- Year built:1902
 - Listing ID #:6807838
 - Added:5 day(s) ago
 - Updated:November 02, 2025 at 03:43 PM
 
Rooms and interior
- Living area:2,560 sq. ft.
 
Heating and cooling
- Heating:Boiler, Hot Water
 
Structure and exterior
- Roof:Asphalt, Rubber
 - Year built:1902
 - Building area:2,560 sq. ft.
 - Lot area:0.14 Acres
 
Utilities
- Water:City Water - Connected
 - Sewer:City Sewer - Connected
 
Finances and disclosures
- Price:$449,000
 - Price per sq. ft.:$175.39
 - Tax amount:$5,100 (2025)
 
New listings near 3232 3rd Avenue S
- New
$289,000Active5 beds 2 baths1,818 sq. ft.4853 Camden Avenue N, Minneapolis, MN 55430
MLS# 6812400Listed by: PATHWAYS REALTY, LLC - New
$239,900Active2 beds 1 baths956 sq. ft.4255 1st Avenue S, Minneapolis, MN 55409
MLS# 6812406Listed by: NATIONAL REALTY GUILD - Coming Soon
$410,000Coming Soon3 beds 2 baths4636 42nd Avenue S, Minneapolis, MN 55406
MLS# 6774692Listed by: RE/MAX RESULTS - New
$359,900Active3 beds 2 baths1,932 sq. ft.3713 34th Avenue S, Minneapolis, MN 55406
MLS# 6812289Listed by: NATIONAL REALTY GUILD - New
$1,170,700Active4 beds 4 baths5,800 sq. ft.3145 Dean Court #1100, Minneapolis, MN 55416
MLS# 6812293Listed by: TRENARY REALTY GROUP - New
$219,900Active4 beds 1 baths1,296 sq. ft.2954 Russell Avenue N, Minneapolis, MN 55411
MLS# 6811647Listed by: RESOURCE REALTY GROUP, INC - New
$399,900Active3 beds 2 baths2,030 sq. ft.5328 38th Avenue S, Minneapolis, MN 55417
MLS# 6809048Listed by: EDINA REALTY, INC. - Coming Soon
$239,900Coming Soon2 beds 1 baths4522 James Avenue N, Minneapolis, MN 55412
MLS# 6809614Listed by: RE/MAX RESULTS - New
$255,000Active3 beds 1 baths1,502 sq. ft.4110 Irving Avenue N, Minneapolis, MN 55412
MLS# 6811263Listed by: RE/MAX RESULTS - New
$260,000Active4 beds 2 baths1,780 sq. ft.2407 16th Avenue S, Minneapolis, MN 55404
MLS# 6804411Listed by: KELLER WILLIAMS PREMIER REALTY LAKE MINNETONKA