Date
Details
Price
Change
Source
4/02/2026
Listed
$425,000
—
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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$425,000 Just Listed
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Property Description
The investment opportunity you've been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors-ideal for attracting top-market rents while minimizing future repair costs. Owner occupant investors welcomed with lower unit lease ending 5/31! With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric.
Full Property Details
Full Property Details for 3232 3rd Ave S
General
- Price: $425,000
- Taxes: $5,099 (2025)
- Status: Active
- Type: Duplex
- Source: NorthStarMLS_RMLS
- MLS ID: 7046327
- Updated: 4/2/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: Gravel
Location
- County: Hennepin
- Township: Minneapolis
- Neighborhood: 11
- Driving Directions: 35w to 31st, east to 3rd, south to property.
School Information
- School District: 558 - Minneapolis
- High School District: Minneapolis
Heating & Cooling
- Heating Type: Boiler, Hot Water
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Foundation Size: 1280
- Roof: Asphalt, Rubber
- Disability Access: Stair Chair Lift
- Square Feet: 2,560
- Above Ground: 2,560 Sq. Ft.
- Finished Down/Base.: 2,560 Sq. Ft.
- Year Built: 1902
Lot Features
- Lot Size (Acres): 0.14
- Lot Dimensions: 46 x 128
- Frontage: City Street
- Zoning: Residential-Multi-Family
- Fencing (Description): Chain Link, Privacy, Wood
Financial Considerations
- Tax Amount: $5,099.5
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash
- Owner Pays: Insurance, Repairs, Taxes
- Tenant Pays: Electricity, Fuel, Lawn Care, Snow Removal
- Pays Electric: Tenant Pays
Disclosures and Reports
- Legal Description: LOT 009 BLOCK 009 BAKERS 2ND ADDN TO MPLS
- Property ID: 302824130010
Listed by Keller Williams Classic Rlty NW
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NMLS#: 1598647
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Schools
Schools serving 3232 3rd Ave S
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Lyndale Elementary School 312 West 34th Street, Minneapolis, MN 55408 | PK-5 | 0.5 mi |
Justice Page Middle School 1 West 49th Street, Minneapolis, MN 55419 | 6-8 | 2.1 mi |
Washburn Senior High School 201 West 49th Street, Minneapolis, MN 55419 | 9-12 | 2.2 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 3232 3rd Ave S
Tax History
Tax History for 3232 3rd Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,100
10%
$356,000
-1%
2023
$4,642
9%
$360,000
9%
2023
$4,268
—
$331,000
10%
2023
$4,268
9%
$301,000
12%
2020
$3,906
8%
$267,960
12%
2019
$3,615
7%
$240,165
18%
2018
$3,374
-2%
$204,195
4%
2017
$3,449
-14%
$196,020
-6%
2016
$3,989
24%
$208,010
24%
2015
$3,216
2%
$168,225
11%
2014
$3,142
-6%
$151,875
-6%
2013
$3,336
—
$161,685
—
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 3232 3rd Ave S
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- Duplex
- Active
- Updated 7 hours ago
- 4Beds
- 2Total Baths
- 2,646Sq. Ft.
Listed by Keller Williams Classic Realty
- Duplex
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,900Sq. Ft.
Listed by Homecoin.Com
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- Single Family
- Active
- Updated 5 hours ago
- 4Beds
- 2Total Baths
- 2,960Sq. Ft.
Listed by Real Estate Masters, Ltd.
- Single Family
- Active
- Updated 16 hours ago
- 2Beds
- 2Total Baths
- 1,107Sq. Ft.
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- Updated 2 days ago
- 4Beds
- 5Total Baths
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Listed by Jessica Lowe (612) 296-4576
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,661Sq. Ft.
Listed by Bridge Realty, LLC
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- Duplex
- Active
- Updated 1 day ago
- 6Beds
- 4Total Baths
- 2,808Sq. Ft.
Listed by Excelsior Realty
- Single Family
- Active
- Updated 14 hours ago
- 2Beds
- 2Total Baths
- 1,212Sq. Ft.
Listed by National Realty Guild
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 3Total Baths
- 1,194Sq. Ft.
Listed by Hawk Realty Company
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 3,067Sq. Ft.
Listed by Epique Realty
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- Single Family
- Closed
- 4Beds
- 3Total Baths
- 1,745Sq. Ft.
Listed by Anderson Realty
Sold by Compass
Sold by Compass
- Single Family
- Closed
- Updated 10 days ago
- 5Beds
- 3Total Baths
- 2,370Sq. Ft.
Listed by Keller Williams Classic Realty
Sold by RE/MAX Results
Sold by RE/MAX Results
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,254Sq. Ft.
Listed by Michelle Skott Morgan and Patrick Morgan
Sold by Meredith Butcher and Jessalyn Manville
Sold by Meredith Butcher and Jessalyn Manville
- Single Family
- Closed
- 4Beds
- 1Total Bath
- 1,408Sq. Ft.
Listed by Anne Madison
Sold by Lakes Area Realty
Sold by Lakes Area Realty
3232 3rd Avenue S, Minneapolis, MN 55408 (MLS# 7046327) is a Duplex property with 5 bedrooms and 0 full bathrooms. 3232 3rd Avenue S is currently listed for $425,000 and was received on April 02, 2026. Want to learn more about 3232 3rd Avenue S? Do you have questions about finding other Duplex real estate for sale in Powderhorn? You can browse all Powderhorn real estate or contact a Coldwell Banker agent to request more information.