5424 32nd Avenue S Minneapolis, MN $ 900,000
5424 32nd Avenue S
$ 900,000
New Construction
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5424 32nd Avenue S

Minneapolis, MN, 55417
$ 900,000
Bedrooms3 Baths2.0 Sq 5,400

Monthly Estimate*

$ 6,216

5424 32nd Avenue S, Minneapolis, MN 55417 - Image 1
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5424 32nd Avenue S, Minneapolis, MN 55417 - Image 4
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5424 32nd Avenue S, Minneapolis, MN 55417 - Image 10
5424 32nd Avenue S, Minneapolis, MN 55417 - Image 11

Multi-Family Home for sale in Minneapolis, MN

for $900,000 with 3 bedrooms and 2 full baths. This 5,400 square foot home was built in 2022 on a lot size of 0.15.

Exceptional investment opportunity! This hard-to-find triplex, built in 2022, is located in the heart of South Minneapolis and offers immediate cash flow with all three units currently rented for a total monthly income of $7,500. Each unit features 3 bedrooms, 2 full bathrooms, an open and functional floor plan, and a stylish kitchen complete with granite countertops and stainless steel appliances. Built with modern finishes and low-maintenance construction, this property is an excellent addition to any investment portfolio. Conveniently located near shopping, dining, parks, public transportation, and major highways, this turnkey income-producing property offers the perfect combination of quality, location, and long-term rental potential. Each unit has its own PID number for a chance to sell each unit individually. A rare opportunity you won't want to miss!

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Multi-Family Active

Price

$ 900,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 13,914

Style

Triplex

Lot Size

0.15

Year Built

2022

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7103604

Features
General
Living Area 5400
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 2
Year Built 2022
Tenant Pays All Utilities
Levels Two
Property Subtype Triplex
Tax Year 2026
Gross Income 90000
Accessibility None
County Hennepin
Net Operating Income 68500
Operating Expense 21500
Insurance Expense 5000
New Construction Y
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name C F E Peterson Co Nokomis Park
Directions Hwy 62 to North on 34th Ave West on E 54th Street then left on 32nd 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 13914
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 2500
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Daylight/Lookout Windows Egress Window(s) Finished Full
Basement (Y/N) Y
Above Grade Finished Area 3600
Total Bedrooms 9
Below Grade Finished Area 1800
Total Baths 6
Fuel Natural Gas
Garage Square Feet 470
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Exterior
Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 0.15
Building Area Total 5400
Lot Dimensions 149x42
Waterfront Y/N N
Foundation Area 1800
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 5424
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* Excluded Features
List By
Real Estate Corners, Inc

Broker

kmansour@realestatecorners.com

Email

Affordability Calculator

$7,376
Per Month
84%
16%
0%
Monthly Principal & Interest
$6,216
Monthly Property Taxes
$1,160
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
7/9/2026$900,000 Listed Price

Map


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5424 32nd Avenue S, Minneapolis, MN, 55417 is a Multi-Family Home for sale at $900,000 with 5,400 sqft and a lot size of 0.15. 5424 32nd Avenue S has 3 bedrooms, 2.0 baths, and was built in 2022. The property's zip code is 55417 which is in Minneapolis, MN