4255 Thomas Avenue N Minneapolis, MN $ 374,900
4255 Thomas Avenue N
$ 374,900
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4255 Thomas Avenue N

Minneapolis, MN, 55412
$ 374,900
Bedrooms4 Baths4.0 Sq 2,550

Monthly Estimate*

$ 2,589

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Multi-Family Home for sale in Minneapolis, MN

for $374,900 with 4 bedrooms and 4 full baths. This 2,550 square foot home was built in 1940 on a lot size of 0.14.

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.

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Multi-Family Active

Price

$ 374,900

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,887

Style

Duplex Side by Side

Lot Size

0.14

Year Built

1940

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7105318

Features
General
Living Area 2550
Sewer City Sewer/Connected
Heating Baseboard Forced Air
Garage Spaces 2
Year Built 1940
Tenant Pays Cable TV Telephone See Remarks
Levels One and One Half
Property Subtype Duplex Side by Side
Tax Year 2026
Gross Income 51024
Accessibility None
County Hennepin
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name Victory Park Add
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
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family Other
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 6887.36
Electric Expense 4320
Fuel Expense 1220
Trash Expense 828
Water Sewer Expense 2160
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Finished
Basement (Y/N) Y
Above Grade Finished Area 1950
Laundry Features In Basement Lower Level Laundry Room
Total Bedrooms 4
Below Grade Finished Area 600
Total Baths 4
Fuel Other
Garage Square Feet 400
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Exterior
Fencing None
Parking Features Detached Garage
Lot Features Corner Lot
Water Source City Water/Connected
Lot Size Area 0.14
Building Area Total 2200
Lot Dimensions 60x102
Waterfront Y/N N
Foundation Area 1600
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Internal Only
Street Number 1 4255
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* Excluded Features
List By
Fuze Real Estate

Broker

Stacy@bellakeyinvestments.com

Email

Affordability Calculator

$3,163
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,589
Monthly Property Taxes
$574
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
8/20/2026$374,900 -1.32% Price Down
7/29/2026$379,900 -4.79% Price Down
7/7/2026$399,000 Listed Price

Map


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4255 Thomas Avenue N, Minneapolis, MN, 55412 is a Multi-Family Home for sale at $374,900 with 2,550 sqft and a lot size of 0.14. 4255 Thomas Avenue N has 4 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 55412 which is in Minneapolis, MN