Prime investment opportunity in Minneapolis' sought-after Seward neighborhood! This well-maintained 4-unit property offers an excellent combination of strong cash flow, quality updates, and long-term upside, featuring 10 bedrooms and approximately $86K+ in annual gross rental income. With a stated NOI of $57,090, the property offers an attractive approximately 7.14% cap rate. Tenants pay gas and electric, helping control operating expenses. Each unit features in-unit laundry, central air, and high-efficiency HVAC. Additional highlights include 6 off-street parking spaces, a strong unit mix, and stabilized rental income. Significant renovations completed in 2019 provide added peace of mind and reduce near-term capital needs. A compelling opportunity for investors seeking a turnkey multifamily asset in a desirable Minneapolis neighborhood.
Seward, located between the Mississippi River and Hiawatha Avenue, is a residential and artsy Minneapolis neighborhood with classic early-20th-century homes and a strong cooperative streak. The neighborhood’s character concentrates around Franklin Avenue and 25th Avenue S, where corner cafes, bike shops, and small storefronts set a steady street-level hum. The Seward Co-op Friendship Store, the Riverview Theater, and the Midtown Global Market act as cultural anchors with daily rituals built in. Tree-lined blocks mix Craftsman bungalows and duplexes with newer infill near the Greenway. The Midtown Greenway and river trails shape a bike-forward routine. Pocket parks and community gardens add a grounded, local cadence.
Provided by Walk Score and Local Logic
Offer insights
2316 25th Ave S · $799,900
$800K and above
75% chance or better to win
Why $800K+ is a strong offer
DAYS ON MARKET
31 days
The average home goes pending in 35 days.
SALE-TO-LIST
98.2%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Has a basement with crawl space; unfinished
More than 2 stories
Bedrooms
Total of 10 bedrooms (across units)
Bathrooms
Multiple full bathrooms (one full bath in each unit)
Kitchen
Dishwasher
Microwave
Range
Refrigerator
Disposal (in at least one unit)
Solid surface countertops (in one unit)
Kitchen windows in several units
Laundry & utility
In-unit laundry available (washer and/or dryer in units)
Dryer included in multiple units
Washer included in some units
Heating & cooling
Forced air heating
Central air conditioning in each unit
Exterior features
Vinyl exterior
Decks on some units
Light tree coverage nearby
Public transit within six blocks
Curbs, paved streets and sidewalks at the frontage
No pool
No fencing
Home design
Residential income property
More than two stories
Entry level/first-floor living area present
Parking
Gravel parking
Assigned parking spaces for units (typically 2 per unit for some units)
Construction
Asphalt roof (age 8 years or less)
Stone foundation
Foundation area approximately 1,716
Utilities
City water connected
City sewer connected
100 amp electric service
Natural gas
HOA & community
No association amenities
Financial info
Property is a multi-unit with 4 total units
Gross income reported at $86,220
Net operating income reported at $57,090
Owner pays repairs, sewer, taxes, trash collection and water
Tenants pay electricity, fuel and heat
Rental license: Standard
Conventional mortgage type indicated
Other
Owner-occupied: No
Electricity and solar
View estimated energy costs and solar savings for this home
Best 4 plex in Minneapolis. turn key. Large luxurious units. 2 - 2bdr / 1 bath, 2 - 3bdr /1 bath. This 4 plex is operated as a licensed fully furnished rental. Tier 1 rental license. Through and through, down to studs remodel in 2019. High quality materials and finishes throughout. Spray foam insulation. High efficiency HVAC & Central Air in each unit. Quartz, stainless steel appliances, dishwashers, microwaves, fans, LED lights, washers & dryers, garbage disposals and Jacuzzi tubs in each unit. Durable, allergen free luxury vinyl floors throughout. Smart locks, thermostats and HD security cameras. Double vanities in all 3 bdr units. Fiber internet will be available later this year. Private, residential location by public transit, river, bike paths, colleges, restaurants and downtown. Ample off-street parking. Existing bookings & professional management in place. Occupy one unit and make money, or great hands-off investment? Check the supplements for P&L.
Public Records
Jan 19, 2016
Sold
$176,100
$41/sq ft
NORTHSTARMLS as Distributed by MLS Grid #4616005
Sep 14, 2015
Sold
$176,100
$41/sq ft
Aug 24, 2015
Pending
—
Jul 8, 2015
Contingent
—
Jun 25, 2015
Listed
$134,900
$31/sq ft
Public Records
Aug 26, 2004
Sold
$400,000
$93/sq ft
Public Records
Mar 24, 2003
Sold
$130,000
$30/sq ft
Public Records
Mar 24, 2003
Sold
$90,000
$21/sq ft
Public Records
Jan 11, 1996
Sold
$130,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$11,888 (−3.1%)
$118,000 + $508,000
$626,000
2025
$12,274 (+10.6%)
$118,000 + $555,000
$673,000
2024
$11,101 (+1.4%)
$118,000 + $576,000
$694,000
2023
$10,948 (+13.1%)
$118,000 + $562,000
$680,000
2022
$9,683 (−3.7%)
$118,000 + $452,000
$570,000
2021
$10,060 (+9.0%)
$118,000 + $482,500
$600,500
2020
$9,226 (+91.8%)
$118,000 + $404,000
$522,000
2019
$4,810 (−4.0%)
$73,000 + $192,000
$265,000
2018
$5,011 (−34.7%)
$73,000 + $192,000
$265,000
2017
$7,675 (+25.0%)
$66,400 + $343,100
$409,500
2015
$6,140 (−2.4%)
2014
$6,289 (+0.3%)
2013
$6,269 (−8.3%)
2012
$6,840
Public record
Beds
—
Baths
—
Stories
2.5
Lot width
47 ft.
Lot depth
179 ft.
Lot size
8,276 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
4,318
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,318
Year built
1883
Style
Multi-Family (5+ Unit)
County
Hennepin County
APN
36 029 24 12 0107
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Minneapolis, MN • 55406
Average low and high temperatures (°F)
22
7
31
15
50
30
59
39
72
51
80
61
87
69
80
64
76
59
65
47
45
32
29
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 22% for direct sun exposure in Minneapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2316 25th Ave S
$786,735
$13K under list price of $800K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $325K to $1.1M.