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$699,000
Est. payment /mo
4 Beds
4 Baths
2,564 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,564 sqft
Price per Sqft $272
Subdivision Motor Line Add
MLS Listing ID 7129459
Bedrooms 4
Year Built 1900
Annual Tax Amount $9,383
Tax Year 2026
Contingent None
Lot Size 5,662 Sqft
Lot Dimensions 46 x 124
Property Sub-Type Fourplex
Property Description
Opportunity to acquire a four-unit multifamily property offering approximately 2,564 SF of living space on a 5,663 SF lot. Built in 1900, the property has benefited from significant capital improvements, including new windows, siding, four water heaters, and four forced air furnaces, along with recent appliance and furnishing upgrades. The property features three 1-bedroom/1-bath units and one studio, all with private entrances, updated kitchens, and flexible furnished configurations. All four units are currently occupied and operating as furnished short-term rentals through airbnb, providing an established rental history and immediate income-producing use, while offering flexibility for short, medium, or long-term rental strategies. The property presents an opportunity for both an investor seeking an established multifamily asset and an owner-occupant looking to live in one unit while generating rental income from the remaining units. Off-street parking and shared outdoor space further enhance the property's appeal.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features On-Street Parking Only
Fence Full, Wood
Building
Story Two
Foundation 1340
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
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Listed by Patrick Corbett • Strata Real Estate Resources
NEARBY SCHOOLS & PROPERTIES
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