Date
Details
Price
Change
Source
8/18/2026
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/27
$400,000
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226 Gramercy Avenue,Minneapolis, MN 55405226 Gramercy AvenueMinneapolisMN55405
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1/27
Property Description
Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus two large vacant studios ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand-ideal for an investor or owner-occupant seeking rental income and long-term upside!
Full Property Details
Full Property Details for 226 Gramercy Ave
General
- Price: $400,000
- Taxes: $7,229 (2026)
- Status: Active
- Type: Triplex
- Source: NorthStarMLS_RMLS
- MLS ID: 7128878
- Updated: 8/22/2026
- Added to Site: 10 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Main Level, In Unit, Main Level, In Unit
Exterior
- Porch/Patio/Deck: Front Porch, Rear Porch
Parking
- Garage: Yes
- Garage Description: 27 x 21
- Garage Spaces: 2
- Parking Features: Detached Garage, RV Access/Parking
Location
- County: Hennepin
- Township: Minneapolis
- Neighborhood: 30
- Driving Directions: Glenwood Ave to Cedar Lk Rd. Go south 1 block to 2nd Ave N. Turn right onto Gramercy Ave N.
School Information
- School District: 1 - Minneapolis
- High School District: Minneapolis
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Daylight/Lookout Windows, Full, Owner Access, Unfinished
- Foundation Size: 1368
- Disability Access: None
- Square Feet: 2,664
- Above Ground: 3,185 Sq. Ft.
- Below Ground: 1,368 Sq. Ft.
- Finished Down/Base.: 4,553 Sq. Ft.
- Year Built: 1912
Unit Information
- Units w/Refrigerators: 3
Lot Features
- Lot Size (Acres): 6,534
- Lot Dimensions: 45 x 145
- Zoning: Residential-Multi-Family
- Lot Description: Public Transit (w/in 6 blks)
Financial Considerations
- Operating Expenses: $14,577.58
- Tax Amount: $7,229
- Tax Year: 2026
- Terms: Conventional, Cash
- Owner Pays: Insurance, Sewer, Taxes, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Gas
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: LOT 004 SAM E ADAMS HOMESTEAD
- Property ID: 2102924340168
Listed by Edina Realty, Inc.
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Listing agent
— 226 Gramercy Ave —
Edina Realty, Inc.
NMLS#: 1598647
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Schools
Schools serving 226 Gramercy Ave
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Bryn Mawr Elementary School 252 Upton Avenue South, Minneapolis, MN 55405 | PK-5 | 0.8 mi |
Anwatin Middle Com & Spanish D I 256 Upton Avenue South, Minneapolis, MN 55405 | 6-8 | 0.8 mi |
North Academy Senior High 1500 James Avenue North, Minneapolis, MN 55411 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 226 Gramercy Ave
Tax History
Tax History for 226 Gramercy Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,229
6%
$380,600
1%
2024
$6,840
25%
$375,000
10%
2023
$5,455
4%
$341,000
5%
2023
$5,233
—
$325,000
23%
2023
$5,233
26%
$264,000
12%
2020
$4,154
7%
$235,000
10%
2019
$3,875
3%
$213,500
4%
2018
$3,769
2%
$205,500
5%
2017
$3,683
10%
$196,500
14%
2016
$3,335
-14%
$172,500
-10%
2015
$3,886
7%
$191,500
15%
2014
$3,636
-6%
$166,500
-5%
2013
$3,855
—
$175,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 226 Gramercy Ave
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- Triplex
- Closed
- 5Beds
- 3Total Baths
- 2,380Sq. Ft.
Listed by Edina Realty, Inc.
Sold by Keller Williams Classic Realty
Sold by Keller Williams Classic Realty
- Duplex
- Closed
- Updated 6 days ago
- 5Beds
- 4Total Baths
- 2,600Sq. Ft.
Listed by Northstar Real Estate Associates
Sold by Compass
Sold by Compass
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,614Sq. Ft.
Listed by RE/MAX Results
Sold by RE/MAX Team 1 Realty
Sold by RE/MAX Team 1 Realty
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,573Sq. Ft.
Listed by National Realty Guild
Sold by Annie Child and Susan Stryker
Sold by Annie Child and Susan Stryker
226 Gramercy Avenue, Minneapolis, MN 55405 (MLS# 7128878) is a Triplex property with 3 bedrooms and 0 full bathrooms. 226 Gramercy Avenue is currently listed for $400,000 and was received on August 18, 2026. Want to learn more about 226 Gramercy Avenue? Do you have questions about finding other Triplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.