Skip main navigation
Active
  • $399,000

    4255 Thomas Ave N, Minneapolis, MN 55412

    4beds
    4baths
    2,550sqft
    : 
    Loading
    Get pre-qualified
    Duplex Side by Side
    Built in 1940
    -- sqft lot
    $398,600 Zestimate®
    $156/sqft
    $-- HOA

    What's special

    4-Unit Multi-Family (non-conforming) investment opportunity with strong income potential! This fully leased 4 unit property offers a desirable mix of one-bedroom, studio, and two-bedroom layouts, providing diversified rental income and consistent tenant demand. Professionally managed and holding two rental licenses (zoned as a DUPLEX), this property is an excellent addition to an investment portfolio or a great opportunity for an owner looking to expand their holdings. The building features approximately 2,550 finished square feet and has an established occupancy history with leases already in place. Tenant leases are available for qualified buyers. Conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes, this property combines stable occupancy with long-term investment potential. Don't miss this rare opportunity to acquire a fully occupied multifamily asset in Minneapolis. Tenants are charged a monthly flat fee for electricity, gas, water, sewer & trash. This amount is already wrapped into the monthly rent that was stated. Buyer and Buyer's Agent to verify all details, including square footage. 24 Hour Tenant Notice required for showings.
    11 days
    |
    387
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Stacy Churchill 612-685-3722,

    Fuze Real Estate

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7105318MLS Logo

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Baseboard, Forced Air
      Appliances
      • Laundry: In Basement, Lower Level, Laundry Room
      Features
      • Basement: Finished
      Interior area
      • Total structure area: 2,200
      • Total interior livable area: 2,550 sqft
      • Finished area above ground: 1,950
      • Finished area below ground: 600

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Garage
      • Garage spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One and One Half
      • Fencing: None
      Lot
      • Size: 6,098 Square Feet
      • Dimensions: 60 x 102
      • Features: Corner Lot
      Details
      • Foundation area: 1600
      • Parcel number: 0502924120173
      • Zoning description: Residential-Multi-Family,Other

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex Side by Side
      Condition
      • New construction: No
      • Year built: 1940

      Utilities & green energy

      • Gas: Other
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Victory Park Add
      Location
      • Region: Minneapolis

      Financial & listing details

      • Price per square foot: $156/sqft
      • Tax assessed value: $366,100
      • Annual tax amount: $6,887
      • Date on market: 7/7/2026
      • Tenant pays: Cable TV, Telephone, See Remarks

        Estimated market value

        $398,600

        $379,000 - $419,000

        $1,361/mo

        Price history

        DateEventPrice
        7/7/2026Listed for sale$399,000+22.8%$156/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7105318 Report a problem
        5/10/2021Sold$325,000+44.4%$127/sqft
        Source: Public Record Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        4/10/2017Listing removed$850
        Source: Owner Report a problem
        4/3/2017Listed for rent$850
        Source: Owner Report a problem
        7/3/2003Sold$225,000+63%$88/sqft
        Source: Public Record Report a problem
        8/25/2000Sold$138,000$54/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,082 +18.3%$366,100 +9%
        2024$5,143 -1%$336,000 +3.7%
        2023$5,192 +5.8%$324,000 -0.6%
        2022$4,906 -1.6%$326,000 +12%
        2021$4,986 +10.7%$291,000 +0.2%
        2020$4,505 -9.7%$290,500 +20%
        2019$4,986 +10.7%$242,000 +10%
        2018$4,505 +23.8%$220,000 +36.6%
        2017$3,639 +11%$161,000 +15%
        2016$3,279 +22.6%$140,000 +11.6%
        2015$2,675 +6.4%$125,500 +8.2%
        2014$2,515 +0.1%$116,000
        2013$2,513 -12.6%$116,000 -15%
        2012$2,874 -1.7%$136,500 -5.9%
        2011$2,924 +5.7%$145,000 -7.9%
        2010$2,765 -28.8%$157,500 -28.1%
        2009$3,883 +26.9%$219,000 +22.8%
        2006$3,059 +9.2%$178,300 +15%
        2005$2,802 +56.5%$155,100 +19.8%
        2004$1,791 +15.7%$129,500 +14%
        2002$1,547 -63.6%$113,600
        2001$4,257 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Victory

        Getting around

        60 / 100
        Somewhat Walkable
        47 / 100
        Some Transit
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes