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.
Active
$799,900
2316 25th Ave S, Minneapolis, MN 55406
10beds
4baths
4,309sqft
Fourplex
Built in 1883
-- sqft lot
$781,500 Zestimate®
$186/sqft
$-- HOA
What's special
In-unit laundryCentral airHigh-efficiency hvac
- 37 days
- 130
- 16
Zillow last checked:
Listing updated:
Listed by:
Jason J Reed 612-332-9000,
RE/MAX Results,
Kyle Evan Borchert 612-532-1486
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7144916
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: In Unit
Features
- Basement: Crawl Space,Unfinished
Interior area
- Total structure area: 4,709
- Total interior livable area: 4,309 sqft
- Finished area above ground: 4,309
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
- Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Pool features: None
- Fencing: None
Lot
- Size: 8,276 Square Feet
- Dimensions: 47 x 179
- Features: Near Public Transit, Tree Coverage - Light
Details
- Foundation area: 1716
- Parcel number: 3602924120107
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1883
Utilities & green energy
- Electric: 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Fair Ground Add
HOA
- Amenities included: None
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $186/sqft
- Tax assessed value: $608,000
- Annual tax amount: $11,888
- Date on market: 9/15/2026
- Cumulative days on market: 73 days
- Tenant pays: Electricity, Fuel, Heat
- Road surface type: Paved
Estimated market value
$781,500
$742,000 - $821,000
$2,135/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $799,900-5.9%$186/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7144916 Report a problem | ||
| 9/15/2026 | Listing removed | $850,000$197/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7117814 Report a problem | ||
| 8/6/2026 | Listed for sale | $850,000-1.7%$197/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7117814 Report a problem | ||
| 12/8/2021 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #5741141 Report a problem | ||
| 6/9/2021 | Sold | $865,000-1.1%$201/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5741141 Report a problem | ||
| 6/8/2021 | Pending sale | $875,000$203/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5741141 Report a problem | ||
| 4/26/2021 | Listed for sale | $875,000+396.9%$203/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5741141 Report a problem | ||
| 1/19/2016 | Sold | $176,100$41/sqft |
Source: Public Record Report a problem | ||
| 9/14/2015 | Sold | $176,100-63.7%$41/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4616005 Report a problem | ||
| 1/8/2014 | Sold | $484,589+21.1%$112/sqft |
Source: Public Record Report a problem | ||
| 8/26/2004 | Sold | $400,000+207.7%$93/sqft |
Source: Public Record Report a problem | ||
| 3/24/2003 | Sold | $130,000-67.5%$30/sqft |
Source: Public Record Report a problem | ||
| 6/5/2002 | Sold | $400,000+207.7%$93/sqft |
Source: Public Record Report a problem | ||
| 1/11/1996 | Sold | $130,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $11,888 -3.1% | $608,000 -2.9% |
| 2025 | $12,274 +10.6% | $626,000 -7% |
| 2024 | $11,101 +1.4% | $673,000 -3% |
| 2023 | $10,948 +13.1% | $694,000 +2.1% |
| 2022 | $9,683 -3.7% | $680,000 +19.3% |
| 2021 | $10,060 +9% | $570,000 -5.1% |
| 2020 | $9,226 -8.3% | $600,500 +15% |
| 2019 | $10,060 +9% | $522,000 +97% |
| 2018 | $9,226 +84.1% | $265,000 -35.3% |
| 2017 | $5,012 -34.7% | $409,500 +5% |
| 2016 | $7,675 +13.3% | $390,000 +20.6% |
| 2015 | $6,774 +10.3% | $323,500 +0.1% |
| 2014 | $6,140 -2.1% | $323,300 -0.1% |
| 2013 | $6,269 -8.3% | $323,500 -9.9% |
| 2012 | $6,840 +2.8% | $359,000 |
| 2011 | $6,651 +7% | $359,000 -6.8% |
| 2010 | $6,215 -1.2% | $385,000 |
| 2009 | $6,290 +16.5% | $385,000 +11.8% |
| 2006 | $5,400 -5.4% | $344,500 |
| 2005 | $5,706 -7.2% | $344,500 |
| 2004 | $6,151 +9.9% | $344,500 +26.4% |
| 2002 | $5,597 -49.1% | $272,500 |
| 2001 | $10,985 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Seward
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