$730,000
$720,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
3,616 SqFt
SOLD DATE : 09/03/2025
Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $201
Subdivision Remingtons 2Nd Add
MLS Listing ID 6701512
Sold Date 09/03/25
Year Built 1900
Annual Tax Amount $8,952
Tax Year 2024
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 42x129
Property Sub-Type Quadruplex
Property Description
Welcome to 3443 Colfax Ave S, MPLS! A well-maintained, fully leased 4-plex offering strong cash flow in one of Minneapolis' most desirable neighborhoods. Annual income is $73,308 (monthly income is $6,109).
Perfect for an investor or an owner-occupant— a 2-BR unit is month-month. A true plug-and-play asset in the heart of Uptown.
Tucked on a quiet street just steps from King's Highway and the Lyndale Rose Garden, the location offers the perfect blend of urban convenience and neighborhood charm.
The building includes:
One 3-bedroom, 2-bath unit
Two 2-bedroom, 1-bath units
One 1-bedroom, 1-bath unit
Plus a 2-car detached garage (rented for $225/month)
All units feature updated appliances, flooring, fixtures, and fresh paint, with regular annual refreshes to maintain appeal and rental demand. Coin-operated laundry in the lower level provides added income. Come check out this fantastic opportunity!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Full, Shared Access, Storage/Locker, Storage Space, Unfinished
Interior
Heating Baseboard, Hot Water
Fireplace No
Exterior
Parking Features Detached, Asphalt
Garage Spaces 2.0
Fence None
Roof Type Age 8 Years or Less
Building
Lot Description Some Trees, Underground Utilities
Story More Than 2 Stories
Foundation 1438
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Brick/Stone,Stucco
New Construction false
Schools
School District Minneapolis
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