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505 8th Avenue SE Minneapolis, MN $ 475,000
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$ 475,000 Get more info
505 8th Avenue SE
$ 475,000
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Share Save

505 8th Avenue SE

Minneapolis, MN, 55414
$ 475,000
Bedrooms3 Baths3.0 Sq 1,964

Monthly Estimate*

$ 3,281

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Multi-Family Home for sale in Minneapolis, MN

for $475,000 with 3 bedrooms and 3 full baths. This 1,964 square foot home was built in 1900 on a lot size of 0.09.

Classic triplex in historic Marcy/Holmes neighborhood near U of M and downtown Mpls. Long time owner occupant has lovingly maintained and carefully updated this charming building. Updates include 3 newer forced air furnaces with separate meters, updated electrical service with separated meters, updated windows and 3 newer hot water heaters. Charming features include hardwood floors, natural woodwork, high ceilings, front and back porches plus a walk up attic for additional storage. Please note that the upper unit has central air conditioning and the other 2 units have window AC units. Tenants pay for their own heat and electricity. This building oozes charm and is located in a convenient Mpls neighborhood.

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Multi-Family Active

Price

$ 475,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,182

Style

Triplex

Lot Size

0.09

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7120959
Features
General
Living Area 1964
Sewer City Sewer/Connected
Heating Forced Air
Roof Age Over 8 Years Asphalt
Garage Spaces 1
Construction Materials Frame
Year Built 1900
Electric 100 Amp Service
Tenant Pays Electricity Gas Heat
Topography Level
Levels Two
Property Subtype Triplex
Tax Year 2026
Gross Income 46200
Accessibility None
County Hennepin
Operating Expense 13200
Insurance Expense 0
New Construction N
Property Type Residential Income
Association Amenities Laundry Patio Porch
Contingency None
MaintenanceExpense 5374
Subdivision Name Mill Cos Add To St Anthony Falls
Directions 4th Street SE to 8th Ave SE (north)
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Single Family
Number Of Units Total 3
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 7182
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 Full Storage Space Unfinished
Basement (Y/N) Y
Above Grade Finished Area 1964
Laundry Features In Basement Gas Dryer Hookup Washer Hookup
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 3
Fuel Natural Gas
Garage Dimensions 11x18
Garage Square Feet 198
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Exterior
Parking Features Detached Garage Concrete
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.09
Building Area Total 1964
Lot Dimensions 40x99
Waterfront Y/N N
Foundation Area 982
Road Frontage Type City Street Curbs Paved Streets Sidewalks Storm Sewer
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 505
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* Excluded Features
List By
Re/Max Results

Broker

TomBurattiHomes@gmail.com

Email

Affordability Calculator

$3,879
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,281
Monthly Property Taxes
$599
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/19/2026$475,000 -4.81% Price Down
8/3/2026$499,000 Listed Price

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505 8th Avenue SE, Minneapolis, MN, 55414 is a Multi-Family Home for sale at $475,000 with 1,964 sqft and a lot size of 0.09. 505 8th Avenue SE has 3 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 55414 which is in Minneapolis, MN

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