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$400,000

Est. payment - /mo

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3 Beds

3 Baths

2,664 SqFt

Active

226 Gramercy AVE Minneapolis, MN 55405

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Jeremy Moore

hello@jeremymoore.homes +1(651) 895-9324

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,664 sqft

Price per Sqft $150

MLS Listing ID 7128878

Bedrooms 3

Year Built 1912

Annual Tax Amount $7,229

Tax Year 2026

Contingent None

Lot Size 6534.000 Acres

Lot Dimensions 45x145

Property Sub-Type Triplex

Property Description

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 two large vacant studios 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!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Daylight/Lookout Windows, Full, Owner Access, Unfinished

Interior

Heating Forced Air

Fireplace No

Laundry Main Level, In Unit

Exterior

Parking Features Detached Garage, RV Access/Parking

Garage Spaces 2.0

Building

Lot Description Public Transit (w/in 6 blks)

Story Two

Foundation 1368

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Others

Virtual Tour https://homecomingphoto.com/u/aa5

Listed by Douglas Herkenhoff • Edina Realty, Inc.

Nearby Locations

"Buying a home is one of the biggest decisions you’ll make. You deserve to be in the driver’s seat with someone in your corner who tells it to you straight. My job is to make the process clear, cut through the noise, and make sure you understand the full picture every step of the way. "

+1(651) 895-9324

hello@jeremymoore.homes

Sleepy Eye, MN 56085, USA