For Sale Triplex MLS# 7128878

226 Gramercy Avenue

Minneapolis, MN 55405

$400,000

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Take the tour

About 226 Gramercy Avenue

Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus a 1 bedroom and a studio ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand—ideal for an investor or owner-occupant seeking rental income and long-term upside!

Property details

Property

Type
Triplex
MLS type
Triplex
Status
Active
Year built
1912
Stories
Two
Living area
2,664 sqft
Price / sqft
$150
Lot
0.15
Original price
$400,000
MLS #
7128878

Interior

Features
Forced Air, Main Level, In Unit, Daylight/Lookout Windows, Full, Owner Access, Unfinished
Heating
Forced Air
Laundry
Main Level, In Unit

Exterior & lot

Features
Stucco, Wood, Detached Garage, RV Access/Parking
Construction
Two, Block, Combination, Poured Concrete, Stone
Foundation
Block, Combination, Poured Concrete, Stone
Lot
2102924340168
Parking
Detached Garage, RV Access/Parking
Garage spaces
2

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$7,229
Tax year
2026
Parcel
2102924340168

Location

County
Hennepin
Neighborhood
Harrison
Community
Hennepin, northstar, Minneapolis
Directions
Glenwood Ave to Cedar Lk Rd. Go south 1 block to 2nd Ave N. Turn right onto Gramercy Ave N.

Location

Neighborhood
Harrison
School district
Minneapolis Public School District

Ask about this property

Questions on 226 Gramercy Avenue, Minneapolis, MN 55405, or want to see it in person?

Listed by Douglas P Herkenhoff, Edina Realty, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.