226 Gramercy Avenue, Minneapolis, MN 55405
- $400,000
- 3
- BD
- 3
- BA
- 2,664
- SqFt
- List Price
- $400,000
- MLS#
- 7128878
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Triplex
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 2,664
- Acres
- 6534
- Neighborhood
- 30
- Year Built
- 1912
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!
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Additional Information
- School District
- Minneapolis
- Tax Year
- 2026
- Fuel
- Natural Gas
- Lot Description
- Public Transit (w/in 6 blks)
- Sewer
- City Sewer/Connected
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Daylight/Lookout Windows, Full, Owner Access, Unfinished
- Parking
- Detached Garage, RV Access/Parking
- Garage Spaces
- 2
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Listing courtesy of Edina Realty, Inc..
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