$475,000
Minneapolis, MN 55414
MLS# 7120959
3 beds | 3 baths | 1964 sqft
1 / 37
Property Description
Classic triplex in historic Marcy/Holmes neighborhood near U of M and downtown Mpls. Long time owner occupant has lovingly maintained and carefully updated this charming building. Updates include 3 newer forced air furnaces with separate meters, updated electrical service with separated meters, updated windows and 3 newer hot water heaters. Charming features include hardwood floors, natural woodwork, high ceilings, front and back porches plus a walk up attic for additional storage. Please note that the upper unit has central air conditioning and the other 2 units have window AC units. Tenants pay for their own heat and electricity. This building oozes charm and is located in a convenient Mpls neighborhood.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $475,000
Original List Price: 499000
ListPrice: 475000
List Date: 2026-08-03
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 40x99
Acres: 0.09
Main Floor Total SqFt: 982
Below Grd Total SqFt: 0
Above Ground SqFt: 1964
Total SqFt: 1964
Total Finished Sqft: 1964.00
Foundation Size: 982
Style: (MF) Triplex
Garage Stalls: 1
Power Company: Xcel Energy
Assessment Pending: Unknown
Bedrooms: 3
Baths Total: 3
Location, Tax and Other Information
Legal Description: BLOCK 008 MILL COS ADDN TO ST ANTHONY FALLS NELY 40 FT OF SWLY 85 FT OF LOT 1 AND NELY 40 FT OF SWLY 85 FT OF SELY 1/2 OF LOT 2
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1999
Property ID Number: 2402924230038
Tax Year: 2026
Tax Amount: 7182
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Classic triplex in historic Marcy/Holmes neighborhood near U of M and downtown Mpls. Long time owner occupant has lovingly maintained and carefully updated this charming building. Updates include 3 newer forced air furnaces with separate meters, updated electrical service with separated meters, updated windows and 3 newer hot water heaters. Charming features include hardwood floors, natural woodwork, high ceilings, front and back porches plus a walk up attic for additional storage. Please note that the upper unit has central air conditioning and the other 2 units have window AC units. Tenants pay for their own heat and electricity. This building oozes charm and is located in a convenient Mpls neighborhood.
Directions: 4th Street SE to 8th Ave SE (north)
Accessible
None: 1
Amenities Shared
Common Laundry Facility: 1
Patio: 1
Porch: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 7182
Basement
Full: 1
Storage Space: 1
Unfinished: 1
Building Information
Finished SqFt Above Ground: 1964
Construction Materials
Frame: 1
Construction Status
Previously Owned: 1
Electric
100 Amp Service: 1
Existing Financing
Free and Clear: 1
Exterior
Shakes: 1
Foundation
Stone: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Laundry
Gas Dryer Hookup: 1
In Basement: 1
Washer Hookup: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: MAAR
Supra: 1
Lot Description
Public Transit (w/in 6 blks): 1
Tree Coverage - Medium: 1
Miscellaneous Information
DP Resource: Yes
Homestead: Yes
Owner Pays
Exterior Maintenance: 1
Insurance: 1
Maintenance/Repair: 1
Repairs: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 11x18
Garage Square Feet: 198
Patio, Porch and Deck Features
Deck: 1
Front Porch: 1
Rear Porch: 1
Public Survey Info
Range#: 24
Section#: 24
Township#: 29
Road Frontage
City Street: 1
Curbs: 1
Paved Streets: 1
Sidewalks: 1
Storm Sewer: 1
Road Responsibility
Public Maintained Road: 1
Roof
Age Over 8 Years: 1
Asphalt Shingles: 1
Sellers Terms
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Topography
Level: 1
Unit 1
Furnished?: No
Lease Expiration Date: 2027-07-31
Leased?: Yes
Level: Main Level
Unit Number: 1
Monthly Rent: 1300
Full Baths: 1
Total Rooms: 4
Annual Rent: 15600
Finished SqFt: 650
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Unit Details
Total Units: 3
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 13200
Annual Gross Income: 46200
Annual Insurance Expense: 0
Annual Maintenance Expense: 5374
Annual Repair Expense: 5220
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 13200
No. of Ranges
Three: 1
No. of Refrigerators
Three: 1
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Unit 1 Amenities
Historic/Period Millwork: 1
Hardwood Floors: 1
Natural Woodwork: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Bath Description
Main Floor Full Bath: 1
Unit 1 Cooling
Window: 1
Unit 1 Dining Room Description
Living/Dining Room: 1
Unit 2
Furnished?: No
Lease Expiration Date: 2027-07-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 11400
Finished SqFt: 250
Full Baths: 1
Monthly Rent: 950
No. of Units Like This: 1
Total Baths: 1
Total Rooms: 3
Unit 2 Amenities
Hardwood Floors: 1
Kitchen Window: 1
Natural Woodwork: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Bath Description
Main Floor Full Bath: 1
Unit 2 Cooling
Window: 1
Unit 2 Dining Room Description
Eat In Kitchen: 1
Unit 3
Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 3
Annual Rent: 19200
Finished SqFt: 750
Full Baths: 1
Monthly Rent: 1600
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 3 Amenities
Historic/Period Millwork: 1
Hardwood Floors: 1
Kitchen Window: 1
Natural Woodwork: 1
Porch: 1
Walk-Up Attic: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 3 Bath Description
Upper Level Full Bath: 1
Unit 3 Cooling
Central: 1
Unit 3 Dining Room Description
Living/Dining Room: 1
Location Tax and Other Information
House Number: 505
Street Name: 8th
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Mill Cos Add To St Anthony Falls
Property Features
Accessible: None
Amenities Shared: Common Laundry Facility; Patio; Porch
Basement: Full; Storage Space; Unfinished
Construction Materials: Frame
Construction Status: Previously Owned
Electric: 100 Amp Service
Existing Financing: Free and Clear
Exterior: Shakes
Foundation: Stone
Fuel: Natural Gas
Heating: Forced Air
Laundry: Gas Dryer Hookup; In Basement; Washer Hookup
Lock Box Type: Supra
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium
Owner Pays: Exterior Maintenance; Insurance; Maintenance/Repair; Repairs; Sewer; Taxes; Trash Collection; Water
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Gas; Heat
Topography: Level
Unit 1 Amenities: Historic/Period Millwork; Hardwood Floors; Natural Woodwork
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Living/Dining Room
Unit 2 Amenities: Hardwood Floors; Kitchen Window; Natural Woodwork
Unit 2 Appliances: Range; Refrigerator
Unit 2 Bath Description: Main Floor Full Bath
Unit 2 Cooling: Window
Unit 2 Dining Room Description: Eat In Kitchen
Unit 3 Amenities: Historic/Period Millwork; Hardwood Floors; Kitchen Window; Natural Woodwork; Porch; Walk-Up Attic
Unit 3 Appliances: Range; Refrigerator
Unit 3 Bath Description: Upper Level Full Bath
Unit 3 Cooling: Central
Unit 3 Dining Room Description: Living/Dining Room
Water: City Water/Connected
Listing Office: RE/MAX Results
Last Updated: August - 20 - 2026
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