For Sale Duplex MLS# 7105318

4255 Thomas Avenue N

Minneapolis, MN 55412

$374,900

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About 4255 Thomas Avenue N

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.

Property details

Property

Type
Duplex Side by Side
MLS type
Duplex
Status
Active
Year built
1940
Stories
One and One Half
Living area
2,550 sqft
Price / sqft
$147
Lot
0.14
Original price
$399,000
MLS #
7105318

Interior

Features
Baseboard, Forced Air, In Basement, Lower Level, Laundry Room, Finished
Heating
Baseboard, Forced Air
Laundry
In Basement, Lower Level, Laundry Room

Exterior & lot

Features
Stone, Detached Garage
Construction
One and One Half, Other
Foundation
Other
Lot
0502924120173
Parking
Detached Garage
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
$6,887
Tax year
2026
Parcel
0502924120173

Location

Subdivision
Victory Park Add
County
Hennepin
Neighborhood
Victory
Community
Hennepin, northstar, Minneapolis
Directions
From 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 left just before N 43rd Ave.

Location

Neighborhood
Victory
Subdivision
Victory Park Add
School district
Minneapolis Public School District

Ask about this property

Questions on 4255 Thomas Avenue N, Minneapolis, MN 55412, or want to see it in person?

Listed by Stacy Churchill, Fuze Real Estate

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.