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  • Price cut: $14.9K (6/30)
    $475,000

    2050 W Broadway Ave, Minneapolis, MN 55411

    8beds
    3baths
    3,259sqft
    : 
    $2,987/mo
    Get pre-qualified
    Triplex
    Built in 1904
    -- sqft lot
    $474,100 Zestimate®
    $146/sqft
    $-- HOA

    What's special

    Fully renovated (in 2021) Triplex in the heart of Broadway & Penn. Located in the vibrant Broadway & Penn corridor, this rebuilt triplex (Interior)) offers a rare opportunity to own a turnkey investment property surrounded by ongoing neighborhood revitalization and new development. This property has been fully gutted and rebuilt from the ground up (Interior). Major improvements include all new electrical, plumbing, ductwork, HVAC systems, water heaters, framing, insulation, drywall, leveled floors, windows, kitchens, bathrooms, finish carpentry, doors, and central air conditioning. Each unit features: Private front and rear entrances, separate utilities, individual HVAC systems for independent comfort and efficiency. The building includes three furnaces, three water heaters, and three central air units, making management simple and utility separation clean for owner-occupants or investors. Additional amenities include a shared basement with: Common laundry area and dedicated storage space for tenants. Whether you’re looking to house hack, expand your portfolio, or secure a fully renovated (Interior 2021) income property in an improving area, this triplex delivers modern systems, low maintenance, and strong long-term potential. Home is fully occupied and total rents are $5,239 per month.
    70 days
    |
    111
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Derrick Witt 952-373-1492,

    LPT Realty, LLC

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7073087MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 3
      Heating
      • Forced Air
      Appliances
      • Laundry: In Basement
      Features
      • Basement: Unfinished
      Interior area
      • Total structure area: 4,501
      • Total interior livable area: 3,259 sqft
      • Finished area above ground: 3,259
      • Finished area below ground: 0

      Property

      Accessibility
      • Accessibility features: None
      Features
      • Levels: More Than 2 Stories
      • Patio & porch: Front Porch
      • Pool features: None
      Lot
      • Size: 5,662 Square Feet
      • Dimensions: 45 x 125 x 45 x 125
      • Features: Tree Coverage - Light
      Details
      • Foundation area: 1242
      • Parcel number: 1602924220171
      • Zoning description: Residential-Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      Materials
      • Roof: Age Over 8 Years
      Condition
      • New construction: No
      • Year built: 1904

      Utilities & green energy

      • Electric: Circuit Breakers
      • Gas: Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Forest Heights
      HOA
      • Amenities included: Laundry, Porch
      Location
      • Region: Minneapolis

      Financial & listing details

      • Price per square foot: $146/sqft
      • Tax assessed value: $546,100
      • Annual tax amount: $10,323
      • Date on market: 5/14/2026
      • Cumulative days on market: 18 days
      • Tenant pays: All Utilities

        Estimated market value

        $474,100

        $450,000 - $498,000

        $1,506/mo

        Price history

        DateEventPrice
        6/30/2026Price change$475,000-3%$146/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7073087 Report a problem
        6/30/2026Listed for rent$1,450-19.4%
        Source: Zillow Rentals Report a problem
        6/13/2026Price change$489,900-2%$150/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7073087 Report a problem
        5/28/2026Price change$499,900-2%$153/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7073087 Report a problem
        5/14/2026Listed for sale$509,900+20%$156/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7073087 Report a problem
        11/21/2025Listing removed$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        7/23/2025Listed for rent$1,800+20%$1/sqft
        Source: Zillow Rentals Report a problem
        6/29/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/8/2023Listed for rent$1,500
        Source: Zillow Rentals Report a problem
        4/24/2023Listing removed--
        Source: Zillow Rentals Report a problem
        3/2/2023Price change$1,500-16.7%
        Source: Zillow Rentals Report a problem
        11/9/2022Listed for rent$1,800$1/sqft
        Source: Zillow Rental Manager Report a problem
        5/4/2021Sold$425,000$130/sqft
        Source: Public Record Report a problem
        2/1/2021Sold$425,000+0%$130/sqft
        Source: NorthstarMLS as distributed by MLS GRID #5349456 Report a problem
        10/27/2020Pending sale$424,900$130/sqft
        Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem
        9/24/2020Price change$424,900-5.6%$130/sqft
        Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem
        9/14/2020Price change$449,900-2.2%$138/sqft
        Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem
        7/28/2020Price change$459,900-3.2%$141/sqft
        Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem
        7/13/2020Listed for sale$474,900+63.8%$146/sqft
        Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem
        7/30/2018Listing removed$290,000$89/sqft
        Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4964302 Report a problem
        6/11/2018Listed for sale$290,000+286.7%$89/sqft
        Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4964302 Report a problem
        6/14/2017Sold$75,000-6.1%$23/sqft
        Source: NorthstarMLS as distributed by MLS GRID #4808486 Report a problem
        5/23/2017Pending sale$79,900$25/sqft
        Source: Keller Williams Realty Integrity-Edina #4808486 Report a problem
        5/12/2017Price change$79,900-11.1%$25/sqft
        Source: Keller Williams Realty Integrity-Edina #4808486 Report a problem
        3/31/2017Pending sale$89,900$28/sqft
        Source: Keller Williams - Edina #4808486 Report a problem
        3/26/2017Listed for sale$89,900+19.9%$28/sqft
        Source: Keller Williams Realty Integrity-Edina #4808486 Report a problem
        10/6/2016Sold$75,000+476.9%$23/sqft
        Source: NorthstarMLS as distributed by MLS GRID #4752313 Report a problem
        6/19/2002Sold$13,000$4/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,753 +42.5%$546,100 +1.5%
        2024$8,246 +14%$538,000 +4.3%
        2023$7,231 +3.6%$516,000 +14.9%
        2022$6,979 +62%$449,000 +9.2%
        2021$4,308 +2.8%$411,000 +69.1%
        2020$4,190 -2.7%$243,000 +45.5%
        2019$4,308 +2.8%$167,000 +79.6%
        2018$4,190 +189.4%$93,000 +23.2%
        2017$1,448 +1.1%$75,500
        2016$1,432 +18.8%--
        2015$1,205 -77.6%$73,000 +7.4%
        2014$5,392 +108.2%$68,000 -2.9%
        2013$2,589 -30.2%$70,000 -56.3%
        2012$3,708 -16.3%$160,000 -25.4%
        2009$4,433 +178%$214,500 +80.7%
        2006$1,595 +23.9%$118,700 +27.2%
        2005$1,287 +45%$93,300 +28.9%
        2004$887 +22.5%$72,400 +24.6%
        2002$725 -47.9%$58,100
        2001$1,390 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Jordan

        Getting around

        80 / 100
        Very Walkable
        54 / 100
        Good Transit
        75 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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