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$429,900
4 Beds 2 Baths 7100406 MLS
Rare duplex property in Southwest Minneapolis. Perfect match for an owner occupant or investor. Ready for renters immediately or add bedrooms/bathrooms to enhance and maximize the income potential of this property. A very walkable and prime location near everything at 54th and Penn Ave S plus close proximity to Lake Harriet, Linden Hills, local unique eateries and centrally located for easy access to the entire Twin Cities area. This side by side duplex faces west towards the green space and trees of the neighborhood favorite Armatage Park. Each side features 2 bedrooms and a full bathroom on the main level. Welcoming and open layouts and flow with bedrooms away from main living area. Original hardwood floors on the main. Freshly painted interiors. 2-car detached garage with no alley. Built in 1950 with an all brick exterior. New roof on home and garage in 2024. Full concrete block wall in lower level keeps each side 100% divided and private. Tons of storage space in the number of closets on the main level and in the lower level. Easily add more living space and increase finished sq. footage in the lower levels. Features completely separate front and side entrances for each unit. Minimal steps in and out of each unit and the garage is very close and accessible for each side. Dividing up the utilities is easy due to 2 separate electric meters at back of the home and 2 separate gas meters at the front. Clean City of Minneapolis TISH Report with no required repairs and city-issued COA. A unique property with many positives in a prime Southwest Minneapolis location! Begin renting out immediately. Many possibilities exist for this special home! Prime location centrally located to all of the Twin Cities area.

5633 Penn Avenue S, Minneapolis

Listing courtesy of Compass.

$790,000
12 Beds 6 Baths 7105774 MLS
If you're looking to grow your investment portfolio or break into multifamily ownership through house hacking, this 4-unit property is worth a closer look. Located just minutes from downtown Minneapolis, this building offers a strong unit mix with two 3-bedroom units, one 2-bedroom unit, and one spacious 4-bedroom, 2-bath unit. The property is currently generating $108,000 in annual rental income with the following rents: Unit 1: 2 bed, 1 bath - $1,900/month ($22,800/year) Unit 2: 3 bed, 1 bath - $1,900/month ($22,800/year) Unit 3: 3 bed, 2 bath - $2,500/month ($30,000/year) Unit 4: 4 bed, 2 bath - $2,700/month ($32,400/year) All four units are currently occupied with tenants participating in the Housing Choice Voucher (Section 8) program. The 4-bedroom unit is expected to become available, creating an excellent opportunity for an owner-occupant to house hack while the other three units help offset the mortgage, or for an investor to lease it at market rent. The two upper units feature two-level floor plans with two bathrooms and updated kitchens. Each unit has its own furnace and dedicated water heater, and tenants pay their own gas and electric, helping reduce owner expenses. An oversized 2-car garage and additional off-street parking add even more value. The property is currently self-managed, with operating expenses available upon request. For qualified buyers, the sellers are also open to a Contract for Deed through their preferred lender with a minimum 20% down payment, subject to lender approval and mutually agreeable terms. Whether you're adding another cash-flowing property to your portfolio or looking for a smart way to live in one unit while the others help pay the mortgage, this is a rare multifamily opportunity in a convenient Minneapolis location.

2210 Oakland Avenue, Minneapolis

Listing courtesy of Pemberton RE.

$569,500
4 Beds 4 Baths 7105738 MLS
Exceptional turnkey triplex in the Sheridan Neighborhood of Northeast Minneapolis. Whether you are an investor seeking a stable income-producing property or an owner-occupant looking to house-hack, this is the perfect opportunity. This unique triplex currently has active Long-term and Short-term rental licenses with the City of Minneapolis. Each of the three units is currently vacant and has been thoughtfully updated with modern finishes, stainless steel appliances, LVP flooring, and newer windows. The property also features an unfinished basement with dedicated storage and laundry accommodation for each unit. There is a large fenced outdoor space that includes a one-car garage with attached sheds, a two-car garage, and spacious uncovered off-street parking with additional capacity for six to eight vehicles. This immense exterior space offers potential for future ADU opportunities. Unit 1 on the main level features one bedroom and one bathroom and was previously used as a long-term rental. Unit 2 on the main level features one bedroom, one bathroom, and forced air with central A/C . This unit is currently used as a short-term rental, fully furnished and operational, netting an average of $2,000 per month. Unit 3 on the upper-level features two bedrooms, two bathrooms, in unit washer and dryer, in-suite bathroom in the primary bedroom, and forced air with central A/C. This unit was owner occupied. Located in one of Northeast Minneapolis’ most creative and energetic neighborhoods, this property is surrounded by popular restaurants, breweries, galleries, and local small businesses; all while offering convenient access to Downtown Minneapolis and The University of Minnesota. Don’t miss your chance to own this unique, updated triplex and all its amenities!

1411 Grand Street NE, Minneapolis

Listing courtesy of Algo Realty Inc.

$450,000
4 Beds 2 Baths 7105432 MLS
Well-maintained classic brick duplex in the heart of NE Minneapolis — one of the city's most sought-after neighborhoods. Live in one unit and collect rent from the other, or lease both and let the property work for you. Original craftsmanship shines throughout: 10-foot ceilings, hardwood floors, and generous layouts that give each unit real breathing room. Both units offer 2 bedrooms and 1 full bath, with plenty of updates already done. Utilities are fully split — separate furnaces and water heaters for each unit — keeping operations clean and expenses easy to manage. The upper unit adds a private balcony. The basement provides solid storage and shared laundry access. Out back, a large detached garage handles parking and overflow storage, with additional off-street parking on top of that. Steps from NE Minneapolis's best — local restaurants, bars, breweries, and independent shops. One lease runs through the end of June, giving a new owner flexibility to move in or reset rents at market. Many recent updates include furnaces, water heaters, and updated electrical panels in each unit. Lower unit features an updated granite countertop and a complete bath remodel. Wood floors have been restained and have been polished every 2-3 years. Added insulation in the attic. Updated railing and waterproofing on second floor deck/balcony. Move-in ready. Income-producing from day one. Hard to find at this location. Schedule a showing today!

1123 5th Street NE, Minneapolis

Listing courtesy of eXp Realty.

$865,000
6 Beds 2 Baths 7104031 MLS
Exceptional opportunity to own a beautifully updated duplex in the heart of the Lynnhurst neighborhood, just blocks from Lake Harriet! Whether you're looking to expand your investment portfolio or secure a premium owner-occupied opportunity, this duplex combines timeless character with extensive capital improvements in one of Southwest Minneapolis' most sought-after locations! Each unit offers approximately 1,288 finished square feet with three bedrooms and one full bathroom (the upper-level third bedroom is currently configured as an office). Additionally, each unit is served by its own boiler, providing independent heat and added convenience for both owners and tenants. The upper unit also features a beautifully remodeled kitchen and bathroom, central air conditioning, abundant natural light, and a bright sunroom. Additional highlights include an insulated detached three-stall garage (two for the upper unit, and one for the lower unit), finished shared laundry area, and owned solar panels. Current ownership has invested over six figures into these updates, which additionally include a brand-new sewer line, new A/C condenser, finished basement laundry area, and complete exterior painting makeover. The lower unit is leased at $2,495/month through July 31, 2027, and the upper unit is leased at $2,900/month through September 30, 2026 (vacating then). Reach out with any questions, or to schedule a tour!

5005 Oliver Avenue S, Minneapolis

Listing courtesy of Compass.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.

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