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$599,000

8 Beds 3 Baths 2,922 SQFT 0.00 Acres
Type: Multi-Family

416 8th Avenue SE
Minneapolis, MN 55414

MLS#: 7140761
The Real Estate Advantage
Office: 952.224.8800
Presented by: eXp Realty

Property Description

 

Don't miss this income-producing duplex opportunity in the heart of the historic Marcy-Holmes neighborhood with an ability to convert it into a triplex. Conveniently located near the University of Minnesota, Dinkytown, and Northeast Minneapolis, this classic up-and-down multifamily property offers 2 units with functional layouts, spacious common areas, and abundant natural light. The flexible configuration supports a variety of rental strategies while providing strong long-term income potential. Outside, the property features a large backyard, generous off-street parking, and additional outdoor space—valuable amenities in this central Minneapolis location. Residents can enjoy convenient access to neighborhood shops, restaurants, parks, trails, public transportation, and major highways. Whether you are expanding an investment portfolio or searching for an owner-occupied multifamily property with rental-income possibilities, this property combines space, flexibility, and proximity to some of Minneapolis’ most popular destinations. Schedule a showing today!


 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area2,922 sqft
BasementFull
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsUNIVERSITY AVE TO 8TH AVE N TO 416
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income0
HeatingHot Water
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area2,922 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income0
New ConstructionNo
Number Of Units Total2
Operating Expense0
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount$10,487
Tax Year2026
Trash Expense0
Water Sewer Expense0
Year Built1900
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total4,008 sqft
Foundation Area1,086 sqft
Lot Dimensions45X132
Lot Size Area0 sqft
Parking FeaturesNone
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

$599,000

8 Beds 3 Baths 2,922 SQFT 0.00 Acres
Type: Multi-Family

416 8th Avenue SE
Minneapolis, MN 55414

MLS#: 7140761
The Real Estate Advantage
Office: 952.224.8800