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.
Active
Price cut: $25.1K (8/13)
$449,900
2050 W Broadway Ave, Minneapolis, MN 55411
8beds
3baths
3,259sqft
Triplex
Built in 1904
-- sqft lot
$450,800 Zestimate®
$138/sqft
$-- HOA
What's special
- 117 days
- 199
- 12
Zillow last checked:
Listing updated:
Listed by:
Derrick Witt 952-373-1492,
LPT Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7073087
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: $138/sqft
- Tax assessed value: $546,100
- Annual tax amount: $10,323
- Date on market: 5/14/2026
- Cumulative days on market: 28 days
- Tenant pays: All Utilities
Estimated market value
$450,800
$428,000 - $473,000
$1,556/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/6/2026 | Listing removed | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 8/13/2026 | Price change | $449,900-5.3%$138/sqft |
Source: | ||
| 8/10/2026 | Price change | $1,500+3.4% |
Source: Zillow Rentals Report a problem | ||
| 6/30/2026 | Price change | $475,000-3%$146/sqft |
Source: | ||
| 6/30/2026 | Listed for rent | $1,450-19.4% |
Source: Zillow Rentals Report a problem | ||
| 6/13/2026 | Price change | $489,900-2%$150/sqft |
Source: | ||
| 5/28/2026 | Price change | $499,900-2%$153/sqft |
Source: | ||
| 5/14/2026 | Listed for sale | $509,900+20%$156/sqft |
Source: | ||
| 11/21/2025 | Listing removed | $1,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/23/2025 | Listed for rent | $1,800+20%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/8/2023 | Listed for rent | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 4/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/2/2023 | Price change | $1,500-16.7% |
Source: Zillow Rentals Report a problem | ||
| 11/9/2022 | Listed for rent | $1,800$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/4/2021 | Sold | $425,000$130/sqft |
Source: Public Record Report a problem | ||
| 2/1/2021 | Sold | $425,000+0%$130/sqft |
Source: | ||
| 10/27/2020 | Pending sale | $424,900$130/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem | ||
| 9/24/2020 | Price change | $424,900-5.6%$130/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem | ||
| 9/14/2020 | Price change | $449,900-2.2%$138/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem | ||
| 7/28/2020 | Price change | $459,900-3.2%$141/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem | ||
| 7/13/2020 | Listed for sale | $474,900+63.8%$146/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5349456 Report a problem | ||
| 7/30/2018 | Listing removed | $290,000$89/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4964302 Report a problem | ||
| 6/11/2018 | Listed for sale | $290,000+286.7%$89/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #4964302 Report a problem | ||
| 6/14/2017 | Sold | $75,000-6.1%$23/sqft |
Source: | ||
| 5/23/2017 | Pending sale | $79,900+6.5%$25/sqft |
Source: Keller Williams Realty Integrity-Edina #4808486 Report a problem | ||
| 10/6/2016 | Sold | $75,000+476.9%$23/sqft |
Source: | ||
| 6/19/2002 | Sold | $13,000$4/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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






