226 Gramercy Avenue Minneapolis, MN $ 400,000
226 Gramercy Avenue
$ 400,000
Share Save

226 Gramercy Avenue

Minneapolis, MN, 55405
$ 400,000
Bedrooms4 Baths3.0 Sq 2,664

Monthly Estimate*

$ 2,763

226 Gramercy Avenue, Minneapolis, MN 55405 - Image 1
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 2
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 3
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 4
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 5
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 6
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 7
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 8
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 9
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 10
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 11
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 12
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 13
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 14
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 15
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 16
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 17
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 18
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 19
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 20
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 21
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 22
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 23
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 24
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 25
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 26
226 Gramercy Avenue, Minneapolis, MN 55405 - Image 27
View a Virtual Tour

Multi-Family Home for sale in Minneapolis, MN

for $400,000 with 4 bedrooms and 3 full baths. This 2,664 square foot home was built in 1912 on a lot size of 0.15.

Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus a 1 bedroom and a studio ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand—ideal for an investor or owner-occupant seeking rental income and long-term upside!

See more

Multi-Family Active

Price

$ 400,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,229

Style

Triplex

Lot Size

0.15

Year Built

1912

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7128878

Features
General
Living Area 2664
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 2
Year Built 1912
Tenant Pays Cable TV Electricity Gas
Levels Two
Property Subtype Triplex
Tax Year 2026
Gross Income 45000
Accessibility None
County Hennepin
Operating Expense 14577.58
Insurance Expense 2921
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Directions Glenwood Ave to Cedar Lk Rd. Go south 1 block to 2nd Ave N. Turn right onto Gramercy Ave N.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 3
Lot Size Units Square Feet
Land Lease Y/N N
Tax Annual Amount 7229
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 4428
Additional Parcels Y/N N
Virtual Tour https://homecomingphoto.com/u/aa5
Standard Status Active
Lender Owned No
See more
Interior
Basement Daylight/Lookout Windows Full Owner Access Unfinished
Basement (Y/N) Y
Above Grade Finished Area 2664
Laundry Features Main Level In Unit
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 3
Fuel Natural Gas
Garage Dimensions 27x21
Garage Door Width 7
Garage Square Feet 567
See more
Exterior
Parking Features Detached Garage RV Access/Parking
Lot Features Public Transit (w/in 6 blks)
Water Source City Water/Connected
Lot Size Area 6534
Building Area Total 4553
Lot Dimensions 45x145
Waterfront Y/N N
Foundation Area 1368
See more
Internal Only
Street Number 1 226
See more
* Excluded Features
List By
Edina Realty, Inc.

Broker

dougherkenhoff@edinarealty.com

Email

Affordability Calculator

$3,365
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,763
Monthly Property Taxes
$602
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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/18/2026$400,000 Listed Price

Map


See all

226 Gramercy Avenue, Minneapolis, MN, 55405 is a Multi-Family Home for sale at $400,000 with 2,664 sqft and a lot size of 0.15. 226 Gramercy Avenue has 4 bedrooms, 3.0 baths, and was built in 1912. The property's zip code is 55405 which is in Minneapolis, MN