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 two large vacant studios 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!
Active
$400,000
226 Gramercy Ave, Minneapolis, MN 55405
3beds
3baths
2,664sqft
Triplex
Built in 1912
-- sqft lot
$-- Zestimate®
$150/sqft
$-- HOA
What's special
Classic hardwood floorsInviting front porchesAdditional off-street parkingUpdated bathrooms
- 3 days |
- 228 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Douglas P Herkenhoff 612-865-3770,
Edina Realty, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7128878
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: Main Level, In Unit
Features
- Basement: Daylight,Full,Owner Access,Unfinished
Interior area
- Total structure area: 4,553
- Total interior livable area: 2,664 sqft
- Finished area above ground: 2,664
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, RV Access/Parking
- Garage spaces: 2
- Details: Garage Dimensions (27x21), Garage Door Height (7), Garage Door Width (10)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Front Porch, Rear Porch
Lot
- Size: 6,534 Square Feet
- Dimensions: 45 x 145
- Features: Near Public Transit
Details
- Foundation area: 1368
- Parcel number: 2102924340168
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $150/sqft
- Annual tax amount: $7,229
- Date on market: 8/18/2026
- Cumulative days on market: 96 days
- Tenant pays: Cable TV, Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | $400,000-2.4%$150/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7128878 Report a problem | ||
| 12/4/2025 | Listing removed | $410,000$154/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6781697 Report a problem | ||
| 11/14/2025 | Price change | $410,000-2.4%$154/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6781697 Report a problem | ||
| 10/7/2025 | Price change | $420,000-4.5%$158/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6781697 Report a problem | ||
| 9/2/2025 | Listed for sale | $440,000$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6781697 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Harrison
Nearby schools
GreatSchools rating
- 2/10Bryn Mawr Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 1/10Anwatin Middle Com & Spanish D IGrades: 6-8Distance: 0.8 mi
- 3/10North Academy Senior HighGrades: 9-12Distance: 1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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