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3232 3rd Avenue S
Minneapolis MN 55408 US

$449,000

Active Listing ID 6807838
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5 bed
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Lot: 0.14 Acres
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Other

$449,000

Active Listing ID 6807838
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3232 3rd Avenue S 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. Owner occupant investors welcomed with lower unit lease ending 5/31! 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 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.

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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Metal, Vinyl
  • Roof Type: Asphalt, Rubber, Shingle
  • Heating Fuels: Hot Water (Heating)

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 449000
  • unparsedaddress: 3232 3rd Avenue S
  • postalcity: Minneapolis
  • stateorprovince: MN
  • country: US
  • postalcode: 55408
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.14
  • lotsizeunits: Acres
  • lotsizearea: 0.14
  • livingarea: 2560
  • livingareaunits: Square Feet
  • latitude: 44.943812
  • longitude: -93.273188
  • listagentfullname: Michael Moe
  • listagentemail: mikemoe@kw.com
  • listagentkey: 3yd-RMLSMN-502051144
  • listagentmlsid: 502051144
  • listagentpreferredphone: 2183105947
  • listagentofficephone: 7636574444
  • listofficekey: 3yd-RMLSMN-7231
  • listofficemlsid: 7231
  • disclaimer: Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1902
  • listingcontractdate: 2025-10-28
  • listagenturl: http://www.kwmaplegrove.com
  • countyorparish: Hennepin
  • parcelnumber: 0302824130010
  • heating: Hot Water (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Driveway
  • roof: Asphalt, Rubber, Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Metal, Vinyl
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -93.273186, 44.943813
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Classic Realty Northwest", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"mikemoe@kw.com", "ListBrokerageCity":"Maple Grove", "ListBrokerageCountry":"US", "ListBrokerageEmail":"GHartos@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RMLSMN/d1bcd4f1497c11df85bb00219b994c72/20160401152045674.png", "ListBrokerageName":"Keller Williams Classic Realty Northwest", "ListBrokeragePhone":"(763) 657-4444", "ListBrokeragePostalCode":"55369", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"10402 73rd Ave N", "ListBrokerageWebsiteUrl":"http://www.kwmaplegrove.com", "ListOfficeAddress1":"10402 73rd Ave N", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Maple Grove", "ListOfficeCountry":"US", "ListOfficeEmail":"GHartos@kw.com", "ListOfficePostalCode":"55369", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family - Minneapolis, MN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3232-3rd-Ave-S_Minneapolis_MN_55408_M85577-50213?f=listhub&s=RMLSMN&m=6807838&c=rexren", "MLSModificationTimestamp":"2026-03-14T14:52:14Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Multi-Family", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5099.5, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/18/2026 1:03:00 AM GMT
Source Updated Date: 3/23/2026 12:58:42 PM GMT

Courtesy of: Michael Moe, Keller Williams Classic Realty Northwest, mikemoe@kw.com

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.