Classic triplex in historic Marcy/Holmes neighborhood near U of M and downtown Mpls. Long time owner occupant has lovingly maintained and carefully updated this charming building. Updates include 3 newer forced air furnaces with separate meters, updated electrical service with separated meters, updated windows and 3 newer hot water heaters. Charming features include hardwood floors, natural woodwork, high ceilings, front and back porches plus a walk up attic for additional storage. Please note that the upper unit has central air conditioning and the other 2 units have window AC units. Tenants pay for their own heat and electricity. This building oozes charm and is located in a convenient Mpls neighborhood.
Active
Price cut: $24K (8/19)
$475,000
505 8th Ave SE, Minneapolis, MN 55414
3beds
3baths
1,964sqft
Triplex
Built in 1900
-- sqft lot
$468,200 Zestimate®
$242/sqft
$-- HOA
What's special
Hardwood floorsFront and back porchesHigh ceilingsUpdated windowsNatural woodwork
- 25 days
- 358
- 13
Zillow last checked:
Listing updated:
Listed by:
Thomas J Buratti 612-790-5745,
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7120959
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: In Basement, Gas Dryer Hookup, Washer Hookup
Features
- Basement: Full,Storage Space,Unfinished
Interior area
- Total structure area: 1,964
- Total interior livable area: 1,964 sqft
- Finished area above ground: 1,964
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached Garage, Concrete
- Garage spaces: 1
- Details: Garage Dimensions (11x18)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Deck, Front Porch, Rear Porch
Lot
- Size: 3,920 Square Feet
- Dimensions: 40 x 99
- Features: Near Public Transit, Tree Coverage - Medium
- Topography: Level
Details
- Foundation area: 982
- Parcel number: 2402924230038
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Frame
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Mill Cos Add To St Anthony Falls
HOA
- Amenities included: Laundry, Patio, Porch
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $242/sqft
- Tax assessed value: $467,900
- Annual tax amount: $7,182
- Date on market: 8/3/2026
- Tenant pays: Electricity, Gas, Heat
- Road surface type: Paved
Estimated market value
$468,200
$445,000 - $492,000
$2,183/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Price change | $475,000-4.8%$242/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7120959 Report a problem | ||
| 8/3/2026 | Listed for sale | $499,000+508.5%$254/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7120959 Report a problem | ||
| 6/26/2000 | Sold | $82,000$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,788 +12.8% | $467,900 +1.5% |
| 2024 | $6,017 -0.8% | $461,000 |
| 2023 | $6,065 -3.2% | $461,000 |
| 2022 | $6,264 +14% | $461,000 +2% |
| 2021 | $5,495 +4.4% | $452,000 +10% |
| 2020 | $5,266 -4.2% | $411,000 +12% |
| 2019 | $5,495 +4.4% | $367,000 +10% |
| 2018 | $5,266 +17.8% | $333,500 +14.4% |
| 2017 | $4,469 +2.9% | $291,500 +15% |
| 2016 | $4,341 +13.2% | $253,500 |
| 2015 | $3,834 -4.8% | $253,500 +15% |
| 2014 | $4,026 +12.1% | $220,500 +5% |
| 2013 | $3,590 -6.9% | $210,000 -8.1% |
| 2012 | $3,856 -3% | $228,500 -5% |
| 2011 | $3,975 +14.7% | $240,500 |
| 2010 | $3,466 -11.8% | $240,500 -9.9% |
| 2009 | $3,929 +50.4% | $267,000 +41.3% |
| 2006 | $2,612 +10.5% | $189,000 +15% |
| 2005 | $2,364 +18% | $164,400 +17.5% |
| 2004 | $2,004 +16.9% | $139,900 +15.2% |
| 2002 | $1,713 -52.1% | $121,400 |
| 2001 | $3,578 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Marcy Holmes
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