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  • $512,000

    2612 Colfax Ave S, Minneapolis, MN 55408

    6beds
    3baths
    3,090sqft
    Duplex Up and Down
    Built in 1900
    -- sqft lot
    $509,400 Zestimate®
    $166/sqft
    $1,901 Estimated rent

    Home value

    $509,400

    $474,000 - $550,000

    $1,901/mo

    Zestimate® history
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    $3,392/mo

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    What's special

    This beautifully updated duplex (currently rented out as a nonconforming triplex) blends timeless Victorian charm with thoughtful modern improvements throughout, offering a fantastic opportunity for both investors and owner-occupants. With multiple living spaces and extensive updates already completed, this property is well-suited for rental income, multigenerational living, or a combination of both. Extensive interior and exterior painting was completed in keeping with the home’s classic Victorian style, enhancing both character and curb appeal. The property has also undergone a full landscaping transformation with irrigation added throughout. The front yard was redesigned from sloped terrain into elegant terraced landscaping with hedges, flowers, and plantings, while the backyard now features perimeter bushes, expanded irrigation, and clearly defined parking for up to five vehicles. Inside, the home offers numerous mechanical and interior upgrades, including renovated furnaces, replaced A/C condensers, and new split units on the top floor for added comfort and efficiency. Bathrooms on every level have been updated, and the second-floor kitchen has been refreshed for modern functionality. The top floor has been enhanced with an in-unit washer and dryer along with an updated kitchenette area, creating a flexible and inviting space for cooking, entertaining, or extended living arrangements. Combining historic character, modern updates, and strong investment potential, this unique property is a rare opportunity.

    Zillow last checked:

    Listing updated:

    Listed by:

    Billy Pauling 952-261-9014,

    Keller Williams Premier Realty Lake Minnetonka

    Bought with:

    NON-RMLS

    Non-MLS

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7080720MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Forced Air
    Appliances
    • Laundry: In Unit
    Features
    • Basement: Full
    Interior area
    • Total structure area: 3,812
    • Total interior livable area: 3,090 sqft
    • Finished area above ground: 3,090
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel
    Accessibility
    • Accessibility features: None
    Features
    • Levels: More Than 2 Stories
    • Patio & porch: Deck, Front Porch, Porch
    • Pool features: None
    • Fencing: None
    Lot
    • Size: 5,227 Square Feet
    • Dimensions: 40 x 129
    • Features: Near Public Transit
    Details
    • Foundation area: 1118
    • Parcel number: 3302924410024
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex Up and Down
    Materials
    • Stone
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 100 Amp Service
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Barons Sub Lt 3 R P Russell Outlot
    HOA
    • Amenities included: Laundry
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $166/sqft
    • Tax assessed value: $456,000
    • Annual tax amount: $8,089
    • Date on market: 8/14/2026
    • Cumulative days on market: 32 days

    Price history

    DateEventPrice
    10/5/2026Listing removed$1,595$1/sqft
    Source: Zillow Rentals Report a problem
    10/2/2026Listed for rent$1,595$1/sqft
    Source: Zillow Rentals Report a problem
    9/21/2026Listing removed$1,595$1/sqft
    Source: Zillow Rentals Report a problem
    8/31/2026Listed for rent$1,595$1/sqft
    Source: Zillow Rentals Report a problem
    8/5/2026Sold$512,000-6.9%$166/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7080720 Report a problem
    6/12/2026Price change$550,000-8.3%$178/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7080720 Report a problem
    5/28/2026Listed for sale$599,900+25.8%$194/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7080720 Report a problem
    6/10/2022Sold$476,900+2.6%$154/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6190895 Report a problem
    5/17/2022Pending sale$464,900$150/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6190895 Report a problem
    5/10/2022Listing removed--
    Source: NorthstarMLS as distributed by MLS GRID #6190895 Report a problem
    5/6/2022Listed for sale$464,900+112.3%$150/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6190895 Report a problem
    11/7/2012Sold$219,000+4.3%$71/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #1960943 Report a problem
    9/11/2012Listed for sale$210,000-39.6%$68/sqft
    Source: Tangletown Realty #4189819 Report a problem
    8/22/2011Sold$347,772+73.9%$113/sqft
    Source: Public Record Report a problem
    2/19/2011Listing removed$200,000$65/sqft
    Source: RE/MAX Advantage Plus #4014543 Report a problem
    2/17/2011Listed for sale$200,000-48.7%$65/sqft
    Source: RE/MAX Advantage Plus #4014543 Report a problem
    9/12/2001Sold$390,000$126/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$8,593 +6.2%$456,000 +0.4%
    2025$8,089 -14.6%$454,200 +2.1%
    2024$9,475 +43%$445,000 -7.5%
    2023$6,625 -5.8%$481,000 +16.7%
    2022$7,032 +0.9%$412,000 -0.5%
    2021$6,967 -5.6%$414,000 -2.8%
    2020$7,384 +6%$426,000 +2%
    2019$6,967 -5.6%$417,500 +10%
    2018$7,384 +13.8%$379,500 +22.8%
    2017$6,489 +8%$309,000 +20%
    2016$6,011 +15.7%$257,500 -6.4%
    2015$5,198 -10.3%$275,000 +10%
    2014$5,796 -9.4%$250,000 -10.4%
    2013$6,398 -4.5%$279,000 -7.2%
    2012$6,701 -7.2%$300,500 -14.8%
    2011$7,222 +3%$352,500 -10%
    2010$7,015 -1%$391,500
    2009$7,084 +26.2%$391,500 +24%
    2006$5,614 +14.7%$315,800 +17.6%
    2005$4,895 +11.4%$268,500 +19.3%
    2004$4,396 +12.3%$225,000 +14.5%
    2002$3,914 -52.4%$196,500
    2001$8,227 --
    Find assessor info on the county website

    Neighborhood: Lowry Hill East

    Nearby schools

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    Estimated market value

    $509,400

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    Estimated market value

    $509,400