2050 W Broadway Avenue Minneapolis, MN $ 449,900
2050 W Broadway Avenue
$ 449,900
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2050 W Broadway Avenue

Minneapolis, MN, 55411
$ 449,900
Bedrooms8 Baths3.0 Sq 3,259

Monthly Estimate*

$ 3,107

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Multi-Family Home for sale in Minneapolis, MN

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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Multi-Family Active

Price

$ 449,900

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 10,323

Style

Triplex

Lot Size

0.13

Year Built

1904

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7073087

Features
General
Living 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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Interior
Basement 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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Exterior
Lot 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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Internal Only
Street Number 1 2050
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* Excluded Features
List By
Lpt Realty, Llc

Broker

derrick@derrickwitt.com

Email

Affordability Calculator

$3,968
Per Month
78%
22%
0%
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.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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

Map


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2050 W Broadway Avenue, Minneapolis, MN, 55411 is a Multi-Family Home for sale at $449,900 with 3,259 sqft and a lot size of 0.13. 2050 W Broadway Avenue has 8 bedrooms, 3.0 baths, and was built in 1904. The property's zip code is 55411 which is in Minneapolis, MN