Exceptional investment opportunity! This hard-to-find triplex, built in 2022, is located in the heart of South Minneapolis and offers immediate cash flow with all three units currently rented for a total monthly income of $7,500. Each unit features 3 bedrooms, 2 full bathrooms, an open and functional floor plan, and a stylish kitchen complete with granite countertops and stainless steel appliances. Built with modern finishes and low-maintenance construction, this property is an excellent addition to any investment portfolio. Conveniently located near shopping, dining, parks, public transportation, and major highways, this turnkey income-producing property offers the perfect combination of quality, location, and long-term rental potential. Each unit has its own PID number for a chance to sell each unit individually. A rare opportunity you won't want to miss!
Active
$900,000
5424 32nd Ave S, Minneapolis, MN 55417
9beds
6baths
5,400sqft
Triplex
Built in 2022
-- sqft lot
$893,200 Zestimate®
$167/sqft
$-- HOA
What's special
Modern finishesLow-maintenance constructionStylish kitchenStainless steel appliancesGranite countertops
- 61 days
- 442
- 11
Zillow last checked:
Listing updated:
Listed by:
Khalid Mansour 612-483-1230,
Real Estate Corners, Inc
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7103604
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
Heating
- Forced Air
Features
- Basement: Daylight,Egress Window(s),Finished,Full
Interior area
- Total structure area: 5,400
- Total interior livable area: 5,400 sqft
- Finished area above ground: 3,600
- Finished area below ground: 1,800
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 6,534 Square Feet
- Dimensions: 149 x 42
Details
- Foundation area: 1800
- Parcel number: 1902823220051
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: Yes
- Year built: 2022
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: C F E Peterson Co Nokomis Park
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $735,500
- Annual tax amount: $13,914
- Date on market: 7/9/2026
- Tenant pays: All Utilities
Estimated market value
$893,200
$849,000 - $938,000
$2,202/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $900,000+592.3%$167/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7103604 Report a problem | ||
| 6/9/2021 | Sold | $130,000-7.1%$24/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5744758 Report a problem | ||
| 5/28/2021 | Pending sale | $139,900$26/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5744758 Report a problem | ||
| 5/18/2021 | Price change | $139,900-12.6%$26/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5744758 Report a problem | ||
| 5/10/2021 | Price change | $160,000-15.8%$30/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5744758 Report a problem | ||
| 5/4/2021 | Listed for sale | $190,000+196.9%$35/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5744758 Report a problem | ||
| 11/18/2013 | Sold | $64,000-14.7%$12/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1986913 Report a problem | ||
| 4/13/2012 | Listing removed | $850 |
Source: Trademark Residential Report a problem | ||
| 4/3/2012 | Listed for rent | $850 |
Source: Trademark Residential Report a problem | ||
| 11/26/2010 | Listing removed | $75,000$14/sqft |
Source: Keller Williams - North Suburban #3968069 Report a problem | ||
| 10/16/2010 | Price change | $75,000-11.8%$14/sqft |
Source: Perpetual REG LLC #3968069 Report a problem | ||
| 10/8/2010 | Price change | $85,000-10.5%$16/sqft |
Source: Perpetual REG LLC #3968069 Report a problem | ||
| 9/9/2010 | Listed for sale | $95,000+150%$18/sqft |
Source: Perpetual REG LLC #3968069 Report a problem | ||
| 7/25/2001 | Sold | $38,000$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,796 +130.3% | $735,500 -24.9% |
| 2024 | $7,726 +405.6% | $979,000 +102.3% |
| 2023 | $1,528 -6.4% | $484,000 +409.5% |
| 2022 | $1,632 +4.3% | $95,000 -32.1% |
| 2021 | $1,564 -7.6% | $140,000 +4.9% |
| 2020 | $1,693 +8.2% | $133,500 |
| 2019 | $1,564 -7.6% | $133,500 +5.1% |
| 2018 | $1,693 +8% | $127,000 +14.4% |
| 2017 | $1,567 +9.6% | $111,000 +7.2% |
| 2016 | $1,430 +13.4% | $103,500 +6.2% |
| 2015 | $1,261 +3.8% | $97,500 +6% |
| 2014 | $1,216 -31.9% | $92,000 -2.6% |
| 2013 | $1,786 +2.4% | $94,500 |
| 2012 | $1,744 -0.4% | $94,500 |
| 2011 | $1,751 +45.3% | $94,500 -7.4% |
| 2010 | $1,205 -1.4% | $102,000 |
| 2009 | $1,222 +42.3% | $102,000 +31.8% |
| 2006 | $858 +11.7% | $77,400 +20.7% |
| 2005 | $768 +9.1% | $64,100 +21.4% |
| 2004 | $704 +11% | $52,800 +15.5% |
| 2002 | $634 -46.2% | $45,700 |
| 2001 | $1,179 | -- |
Find assessor info on the county website
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Neighborhood: Wenonah
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