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$449,900

8 Beds 3 Baths 3,259 SQFT 0.13 Acres
Type: Multi-Family

2050 W Broadway Avenue
Minneapolis, MN 55411

MLS#: 7073087
The Real Estate Advantage
Office: 952.224.8800
Presented by: LPT Realty, LLC

Property Description

 

Fully renovated (in 2021) Triplex in the heart of Broadway & Penn. Located in the vibrant Broadway & Penn corridor, this rebuilt triplex (Interior)) offers a rare opportunity to own a turnkey investment property surrounded by ongoing neighborhood revitalization and new development. This property has been fully gutted and rebuilt from the ground up (Interior). Major improvements include all new electrical, plumbing, ductwork, HVAC systems, water heaters, framing, insulation, drywall, leveled floors, windows, kitchens, bathrooms, finish carpentry, doors, and central air conditioning. Each unit features: Private front and rear entrances, separate utilities, individual HVAC systems for independent comfort and efficiency. The building includes three furnaces, three water heaters, and three central air units, making management simple and utility separation clean for owner-occupants or investors. Additional amenities include a shared basement with: Common laundry area and dedicated storage space for tenants. Whether you’re looking to house hack, expand your portfolio, or secure a fully renovated (Interior 2021) income property in an improving area, this triplex delivers modern systems, low maintenance, and strong long-term potential. Home is fully occupied and total rents are $5,239 per month.


 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area3,259 sqft
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet0
Laundry FeaturesIn Basement

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Porch
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsJust east of Penn Ave N, on the north side of West Broadway Ave.
ElectricCircuit Breakers
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income62868
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area3,259 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income62868
New ConstructionNo
Number Of Units Total3
Operating Expense0
OwnerPaysNone
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
RoofAge Over 8 Years
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameForest Heights
Tax Annual Amount$10,323
Tax Year2026
Tenant PaysAll Utilities
Trash Expense0
Water Sewer Expense0
Year Built1904
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total4,501 sqft
Foundation Area1,242 sqft
Lot Dimensions45x125x45x125
Lot FeaturesTree Coverage - Light
Lot Size Area0 sqft
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$449,900

8 Beds 3 Baths 3,259 SQFT 0.13 Acres
Type: Multi-Family

2050 W Broadway Avenue
Minneapolis, MN 55411

MLS#: 7073087
The Real Estate Advantage
Office: 952.224.8800