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$475,000

  • For Sale
  • Active
  • Triplex
  • 3 Beds
  • 3 Total Baths
  • 1,964 Sq. Ft.
  • 1 Car Garage
  • Updated 7 days ago
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Classic triplex in historic Marcy/Holmes neighborhood near U of M and downtown Mpls. Long time owner occupant has lovingly maintained and carefully updated this charming building. Updates include 3 newer forced air furnaces with separate meters, updated electrical service with separated meters, updated windows and 3 newer hot water heaters. Charming features include hardwood floors, natural woodwork, high ceilings, front and back porches plus a walk up attic for additional storage. Please note that the upper unit has central air conditioning and the other 2 units have window AC units. Tenants pay for their own heat and electricity. This building oozes charm and is located in a convenient Mpls neighborhood.

Full Property Details for 505 8th Ave SE

General

  • Price: $475,000
  • Taxes: $7,182 (2026)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7120959
  • Updated: 8/19/2026
  • Added to Site: 25 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: In Basement, Gas Dryer Hookup, Washer Hookup, In Basement, Gas Dryer Hookup, Washer Hookup

Additional Information

  • Shared Amenities: Laundry, Patio, Porch

Exterior

  • Porch/Patio/Deck: Deck, Front Porch, Rear Porch

Parking

  • Garage: Yes
  • Garage Description: 11 x 18
  • Garage Spaces: 1
  • Parking Features: Detached Garage, Concrete

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Mill Cos Add To St Anthony Falls
  • Neighborhood: 50
  • Driving Directions: 4th Street SE to 8th Ave SE (north)

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

  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Full, Storage Space, Unfinished
  • Foundation Size: 982
  • Roof: Age Over 8 Years, Asphalt
  • Disability Access: None
  • Square Feet: 1,964
  • Above Ground: 1,964 Sq. Ft.
  • Finished Down/Base.: 1,964 Sq. Ft.
  • Year Built: 1900

Unit Information

  • Units w/Refrigerators: 3

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 40 x 99
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Storm Sewer
  • Zoning: Residential-Single Family
  • Lot Description: Public Transit (w/in 6 blks), Medium Tree Coverage

Financial Considerations

  • Operating Expenses: $13,200
  • Tax Amount: $7,182
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Exterior Maintenance, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity, Gas, Heat
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Heat: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 008 MILL COS ADDN TO ST ANTHONY FALLS NELY 40 FT OF SWLY 85 FT OF LOT 1 AND NELY 40 FT OF SWLY 85 FT OF SELY 1/2 OF LOT 2
  • Property ID: 2402924230038

Listed by RE/MAX Results

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— 505 8th Ave SE —

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Schools serving 505 8th Ave SE

School District:Minneapolis Public School District
NameGradesDistance
Webster Elementary
425 5th Street Northeast, Minneapolis, MN 55413
PK-50.9 mi
Northeast Middle School
2955 Hayes Street Northeast, Minneapolis, MN 55418
6-82.6 mi
Edison Senior High School
700 22nd Avenue Northeast, Minneapolis, MN 55418
9-121.7 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 505 8th Ave SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/19/2026
Price Reduced
$475,000
-4.81%
MLS
8/03/2026
Listed
$499,000
508.54%
MLS
6/26/2000
Sold
$82,000
—
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 505 8th Ave SE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,182
6%
$467,900
1%
2025
$6,788
13%
$461,000
—
2023
$6,017
-1%
$461,000
—
2023
$6,065
—
$461,000
2%
2023
$6,065
15%
$452,000
25%
2020
$5,266
8%
$362,790
11%
2019
$4,886
9%
$326,275
10%
2018
$4,469
3%
$296,300
6%
2017
$4,341
13%
$280,495
17%
2016
$3,834
-5%
$239,075
—
2015
$4,026
7%
$239,075
18%
2014
$3,775
5%
$203,105
6%
2013
$3,590
—
$191,660
—
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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505 8th Avenue SE, Minneapolis, MN 55414 (MLS# 7120959) is a Triplex property with 3 bedrooms and 0 full bathrooms. 505 8th Avenue SE is currently listed for $475,000 and was received on August 03, 2026. Want to learn more about 505 8th Avenue SE? 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.

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