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$475,000

3 Beds 3 Baths 1,964 SQFT 0.09 Acres
Type: Multi-Family

505 8th Avenue SE
Minneapolis, MN 55414

MLS#: 7120959
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: RE/MAX Results

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.

 

Interior Features

Bedrooms

Total Bedrooms3

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area1,964 sqft
BasementFull, Storage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Dimensions11x18
Garage Square Feet198
Laundry FeaturesIn Basement, Gas Dryer Hookup, Washer Hookup

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Patio, Porch
CityMinneapolis
Construction MaterialsFrame
ContingencyNone
CountyHennepin
Directions4th Street SE to 8th Ave SE (north)
Electric100 Amp Service
Electric Expense0
Fuel Expense0
Garage Spaces1
Gross Income46200
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,964 sqft
Lot Size UnitsAcres
MaintenanceExpense5374
New ConstructionNo
Number Of Units Total3
Operating Expense13200
OwnerPaysExterior Maintenance, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
RoofAge Over 8 Years, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMill Cos Add To St Anthony Falls
Tax Annual Amount$7,182
Tax Year2026
Tenant PaysElectricity, Gas, Heat
TopographyLevel
Trash Expense0
Water Sewer Expense0
Year Built1900
Zoning DescriptionResidential-Single Family

Exterior

Building Area Total1,964 sqft
Foundation Area982 sqft
Lot Dimensions40x99
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Medium
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Concrete
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
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

$475,000

3 Beds 3 Baths 1,964 SQFT 0.09 Acres
Type: Multi-Family

505 8th Avenue SE
Minneapolis, MN 55414

MLS#: 7120959
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800

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