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!
Harrison, located between I-94 and Theodore Wirth Regional Park, is a residential and industrial Minneapolis neighborhood with a warehouse edge and pocket parks. The neighborhood’s character concentrates around Penn Avenue N and Olson Memorial Highway, where corner markets, barbershops, and small eateries sit beside light-industrial storefronts. Community pillars include the Capri Theater, UROC (Urban Research and Outreach-Engagement Center), and the Minnesota African American Heritage Museum and Gallery. Early-20th-century houses mix with brick walk-ups and converted commercial buildings. Bike routes and wide arterials connect to downtown and the parkway system. Green space and recreation cluster near Wirth’s trails and golf course.
Provided by Walk Score and Local Logic
Offer insights
226 Gramercy Ave · $400,000
$405K and above
75% chance or better to win
Why $405K+ is a strong offer
DAYS ON MARKET
29 days
The average home goes pending in 27 days.
SALE-TO-LIST
98.6%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Daylight/lookout basement windows
Full unfinished basement with owner access
Historic/period millwork
Open floor plan
Porches (front and rear)
Bedrooms
Total of 4 bedrooms across units (includes unit-level bedroom counts)
Bathrooms
Three full bathrooms across units (unit-level full baths listed)
Kitchen
Ranges in units
Microwaves in units
Refrigerators in units
Laundry & utility
In-unit laundry on main level (washer and dryer listed for at least one unit)
Flooring
Hardwood floors in units
Heating & cooling
Forced air heating
Window cooling units in each unit
Exterior features
Front and rear porches
Stucco and wood exterior
Property close to public transit (within ~6 blocks)
Home design
Residential income property (triplex)
Two levels
Parking
RV access/parking
Detached or attached 2-car garage (27 x 21)
Garage with 7' high by 10' wide door
Construction
Built with stucco and wood
Foundation of block, poured concrete and stone
Above-grade finished living area totaling 2,664 sq ft
Utilities
City water (connected)
City sewer (connected)
Natural gas
Financial info
Property configured as a triplex with 3 total units
Gross income reported for multi-family: $45,000
Owner pays insurance, sewer, taxes, trash collection and water