516 8th Avenue NE Minneapolis, MN $ 479,500
516 8th Avenue NE
$ 479,500
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516 8th Avenue NE

Minneapolis, MN, 55413
$ 479,500
Bedrooms6 Baths3.0 Sq 2,310

Monthly Estimate*

$ 3,312

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Multi-Family Home for sale in Minneapolis, MN

for $479,500 with 6 bedrooms and 3 full baths. This 2,310 square foot home was built in 1904 on a lot size of 0.13.

Classic Northeast Minneapolis up/down duplex on a quiet, tree-lined street, beautifully blending timeless original character with thoughtful modern updates. Both units are filled with natural light throughout the day and showcase the craftsmanship of the home's original millwork, solid wood doors, hardwood floors, and stained glass windows. Fresh paint throughout was carefully selected to complement the original woodwork rather than compete with it, with a rich, deep green palette creating a sophisticated contrast against its warmth and a cohesive, inviting feel from room to room. The upper unit is vacant and move-in ready, offering 3 bedrooms with flexibility for a home office, a bright living room with a stunning stained glass bay, and a beautifully updated kitchen featuring brand-new stainless steel appliances, new stone countertops, new flooring, and a new backsplash. A covered back deck provides additional outdoor living space, and a huge walk-up attic offers excellent potential for future expansion (buyer to verify). The main-level unit also features 3 bedrooms, with room for a home office or flex space, along with inviting living and dining rooms and a screened porch. It is currently leased at $2,160/month, providing rental income. Both the front and rear entryways have been freshly painted and finished with new carpeting, creating a welcoming transition into each level. The basement offers abundant storage, a separate, fully finished bathroom, and a laundry area, plus the potential to finish additional space for even more living area. Outside, a large fenced backyard offers plenty of room to entertain, relax, garden, or enjoy the outdoors, with a shed for extra storage. A private driveway adds convenient off-street parking. Additional highlights include maintenance-free siding and separately metered units. With its original architectural character, abundant natural light, extensive updates, flexible spaces, and excellent outdoor amenities, this duplex offers a distinctive opportunity for an investor or owner-occupant in Northeast Minneapolis. Don't miss it!

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Multi-Family Contingent

Price

$ 479,500

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,114

Style

Duplex Up and Down

Lot Size

0.13

Year Built

1904

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7151604

Features
General
Living Area 2310
Sewer City Sewer/Connected
Heating Forced Air
Roof Age Over 8 Years Asphalt
Garage Spaces 0
Year Built 1904
Tenant Pays All Utilities
Levels Two
Property Subtype Duplex Up and Down
Tax Year 2026
Gross Income 25920
Accessibility None
County Hennepin
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency Inspection
MaintenanceExpense 0
Subdivision Name Borups Add To Town Of St Anthony
Directions Hwy 94 East on West Broadway South (Right) on University East on 8th Ave NE to home on Right.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family Residential-Single Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 8114
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 Partially Finished
Basement (Y/N) Y
Above Grade Finished Area 2240
Laundry Features In Basement Common Area
Total Bedrooms 6
Below Grade Finished Area 70
Total Baths 3
Foundation Dimensions 23x95
Fuel Natural Gas
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Exterior
Fencing Full Privacy Wire Wood
Parking Features Asphalt
Water Source City Water/Connected
Lot Size Area 0.13
Building Area Total 4490
Lot Dimensions Irregular
Waterfront Y/N N
Foundation Area 1120
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 516
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* Excluded Features
List By
Compass

Broker

geoffrey@serdarpartnersrealty.com

Email

Affordability Calculator

$3,988
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,312
Monthly Property Taxes
$676
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
9/28/2026$479,500 Listed Price

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516 8th Avenue NE, Minneapolis, MN, 55413 is a Multi-Family Home for sale at $479,500 with 2,310 sqft and a lot size of 0.13. 516 8th Avenue NE has 6 bedrooms, 3.0 baths, and was built in 1904. The property's zip code is 55413 which is in Minneapolis, MN