2050 W Broadway Avenue
Minneapolis, MN, 55411 $ 449,900
Bedrooms8 Baths3.0 Sq 3,259 Monthly Estimate*
$ 3,107
for $449,900 with 8 bedrooms and 3 full baths. This 3,259 square foot home was built in 1904 on a lot size of 0.13.
Fully renovated (in 2021) Triplex in the heart of Broadway & Penn. Located in the vibrant Broadway & Penn corridor, this rebuilt triplex (Interior)) offers a rare opportunity to own a turnkey investment property surrounded by ongoing neighborhood revitalization and new development. This property has been fully gutted and rebuilt from the ground up (Interior). Major improvements include all new electrical, plumbing, ductwork, HVAC systems, water heaters, framing, insulation, drywall, leveled floors, windows, kitchens, bathrooms, finish carpentry, doors, and central air conditioning. Each unit features: Private front and rear entrances, separate utilities, individual HVAC systems for independent comfort and efficiency. The building includes three furnaces, three water heaters, and three central air units, making management simple and utility separation clean for owner-occupants or investors. Additional amenities include a shared basement with: Common laundry area and dedicated storage space for tenants. Whether you’re looking to house hack, expand your portfolio, or secure a fully renovated (Interior 2021) income property in an improving area, this triplex delivers modern systems, low maintenance, and strong long-term potential. Home is fully occupied and total rents are $5,239 per month.
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FeaturesGeneralLiving Area 3259
Sewer City Sewer/Connected
Heating Forced Air
Roof Age Over 8 Years
Garage Spaces 0
Pool Features None
Year Built 1904
Electric Circuit Breakers
Tenant Pays All Utilities
Levels More Than 2 Stories
Property Subtype Triplex
Tax Year 2026
Gross Income 62868
Accessibility None
County Hennepin
Net Operating Income 62868
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Association Amenities Laundry Porch
Contingency None
MaintenanceExpense 0
Subdivision Name Forest Heights
Directions Just east of Penn Ave N on the north side of West Broadway Ave.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 3
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 10323
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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InteriorBasement Unfinished
Basement (Y/N) Y
Above Grade Finished Area 3259
Laundry Features In Basement
Total Bedrooms 8
Below Grade Finished Area 0
Total Baths 3
Fuel Natural Gas
Garage Square Feet 0
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ExteriorLot Features Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.13
Building Area Total 4501
Lot Dimensions 45x125x45x125
Waterfront Y/N N
Foundation Area 1242
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded FeaturesList Byderrick@derrickwitt.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,107
- Monthly Property Taxes
- $860
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Minneapolis, MN
Average List Price $478,699
Percent of Sale Price 6%
About Minneapolis, MN 417,625 Population
9% Since 2002
$ 56,777 Median Income
35.08 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/13/2026 | $449,900 | -5.28% | Price Down |
| 6/30/2026 | $475,000 | -3.04% | Price Down |
| 6/13/2026 | $489,900 | -2.00% | Price Down |
| 5/28/2026 | $499,900 | -1.96% | Price Down |
| 5/14/2026 | $509,900 | | Listed Price |