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$374,900

4 Beds 4 Baths 2,550 SQFT 0.14 Acres
Type: Multi-Family

4255 Thomas Avenue N
Minneapolis, MN 55412

MLS#: 7105318
The Real Estate Advantage
Office: 952.224.8800
Presented by: Fuze Real Estate

Property Description

 

4-Unit Multi-Family (non-conforming) investment opportunity with strong income potential! This fully leased 4 unit property offers a desirable mix of one-bedroom, studio, and two-bedroom layouts, providing diversified rental income and consistent tenant demand. Professionally managed and holding two rental licenses (zoned as a DUPLEX), this property is an excellent addition to an investment portfolio or a great opportunity for an owner looking to expand their holdings. The building features approximately 2,550 finished square feet and has an established occupancy history with leases already in place. Tenant leases are available for qualified buyers. Conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes, this property combines stable occupancy with long-term investment potential. Don't miss this rare opportunity to acquire a fully occupied multifamily asset in Minneapolis. Tenants are charged a monthly flat fee for electricity, gas, water, sewer & trash. This amount is already wrapped into the monthly rent that was stated. Buyer and Buyer's Agent to verify all details, including square footage. 24 Hour Tenant Notice required for showings.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,950 sqft
BasementFinished
Basement (Y/N)Yes
Below Grade Finished Area600 sqft
FuelOther
Garage Square Feet400
Laundry FeaturesIn Basement, Lower Level, Laundry Room

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsFrom Hwy 100, exit on N 42nd Ave and head East. This road turns into Lake Dr. Turn Right / South on Memorial Parkway, Turn Left / East on N 42nd Ave, Turn Left / North on N Thomas Ave. Home is on the
Electric Expense4320
Fuel Expense1220
Garage Spaces2
Gross Income51024
HeatingBaseboard, Forced Air
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsOne and One Half
Living Area2,550 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysCommon Area Maintenance, Electricity, Fuel, Gas, Grounds Care, Heat, Hot Water, Sewer, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeDuplex Side by Side
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameVictory Park Add
Tax Annual Amount$6,887
Tax Year2026
Tenant PaysCable TV, Telephone, See Remarks
Trash Expense828
Water Sewer Expense2160
Year Built1940
Zoning DescriptionResidential-Multi-Family, Other

Exterior

Building Area Total2,200 sqft
FencingNone
Foundation Area1,600 sqft
Lot Dimensions60x102
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesDetached Garage
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

$374,900

4 Beds 4 Baths 2,550 SQFT 0.14 Acres
Type: Multi-Family

4255 Thomas Avenue N
Minneapolis, MN 55412

MLS#: 7105318
The Real Estate Advantage
Office: 952.224.8800