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$399,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 4 Total Baths
  • 2,550 Sq. Ft.
  • 2 Car Garage
  • Updated 1 day ago
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Turnkey 4-Unit Multi-Family investment opportunity with strong income potential! This fully leased non-conforming duplex property offers 4 separately rented units with a desirable mix of one-bedroom, studio, and two-bedroom layouts, providing diversified rental income and consistent tenant demand. Professionally managed and holding two rental licenses, this property is an excellent addition to an investment portfolio or a great opportunity for an owner looking to expand their holdings. The building features approximately 2,550 finished square feet and has an established occupancy history with leases already in place. Financials, rent roll, tenant leases, and additional due diligence documents are available for qualified buyers. Conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes, this property combines stable occupancy with long-term investment potential. Don't miss this rare opportunity to acquire a fully occupied multifamily asset in Minneapolis. Buyer and Buyer's Agent to verify all details, including square footage. 24 Hour Tenant Notice required for showings.

Full Property Details for 4255 Thomas Ave N

General

  • Price: $399,000
  • Taxes: $6,887 (2026)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7105318
  • Updated: 7/8/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Basement, Lower Level, Laundry Room, In Basement, Lower Level, Laundry Room

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Victory Park Add
  • Neighborhood: 79
  • Driving Directions: From Hwy 100, exit on N 42nd Ave and head East. This road turns into Lake Dr. Turn Right / South on Memorial Parkway, Turn Left / East on N 42nd Ave, Turn Left / North on N Thomas Ave. Home is on the left just before N 43rd Ave.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Baseboard, Forced Air
  • Heating Fuel: Other

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished
  • Foundation Size: 1600
  • Disability Access: None
  • Square Feet: 2,550
  • Above Ground: 1,600 Sq. Ft.
  • Below Ground: 600 Sq. Ft.
  • Finished Down/Base.: 2,200 Sq. Ft.
  • Year Built: 1940

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 60 x 102
  • Zoning: Residential-Multi-Family, Other
  • Lot Description: Corner Lot

Financial Considerations

  • Tax Amount: $6,887.36
  • Tax Year: 2026
  • Terms: Conventional Rehab, Conventional, Cash, Other
  • Owner Pays: Common Area Maintenance, Electricity, Fuel, Gas, Grounds Care, Heat, Hot Water, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Telephone
  • Pays Cable: Tenant Pays
  • Pays Electric: Owner Pays
  • Pays Gas: Owner Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 001 BLOCK 005 VICTORY PARK ADDN TO MPLS
  • Property ID: 502924120173

Listed by Fuze Real Estate

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— 4255 Thomas Ave N —

  • Fuze Real Estate

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4255 Thomas Ave N

School District:Minneapolis Public School District
NameGradesDistance
Loring Elementary School
2600 North 44th Avenue, Minneapolis, MN 55412
PK-50.2 mi
Olson Middle School, Minneapolis, MN
1607 51st Avenue North, Minneapolis, MN 55430
6-81.1 mi
Henry Senior High School
4320 North Newton Avenue, Minneapolis, MN 55412
9-120.4 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 4255 Thomas Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/07/2026
Listed
$399,000
22.77%
MLS
5/07/2021
Sold
$325,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4255 Thomas Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,887
13%
$366,100
9%
2024
$6,082
18%
$336,000
4%
2023
$5,143
-1%
$324,000
-1%
2023
$5,192
—
$326,000
12%
2023
$5,192
15%
$291,000
20%
2020
$4,505
6%
$242,000
10%
2019
$4,235
16%
$220,000
19%
2018
$3,639
11%
$185,000
15%
2017
$3,279
23%
$161,000
15%
2016
$2,675
6%
$140,000
12%
2015
$2,515
1%
$125,500
8%
2014
$2,495
-1%
$116,000
—
2013
$2,513
—
$116,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4255 Thomas Avenue N, Minneapolis, MN 55412 (MLS# 7105318) is a Duplex property with 4 bedrooms and 0 full bathrooms. 4255 Thomas Avenue N is currently listed for $399,000 and was received on July 07, 2026. Want to learn more about 4255 Thomas Avenue N? Do you have questions about finding other Duplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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