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$900,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 9 Beds
  • 6 Total Baths
  • 5,400 Sq. Ft.
  • 2 Car Garage
  • Updated 1 day ago
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Exceptional investment opportunity! This hard-to-find triplex, built in 2022, is located in the heart of South Minneapolis and offers immediate cash flow with all three units currently rented. Each unit features 3 bedrooms, 2 full bathrooms, an open and functional floor plan, and a stylish kitchen complete with granite countertops and stainless steel appliances. Built with modern finishes and low-maintenance construction, this property is an excellent addition to any investment portfolio. Conveniently located near shopping, dining, parks, public transportation, and major highways, this turnkey income-producing property offers the perfect combination of quality, location, and long-term rental potential. Each unit has its own PID number for a chance to sell each unit individually. A rare opportunity you won't want to miss!

Full Property Details for 5424 32nd Ave S

General

  • Price: $900,000
  • Taxes: $13,914 (2026)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7103604
  • Updated: 7/9/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 9

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: C F E Peterson Co Nokomis Park
  • Neighborhood: 82
  • Driving Directions: Hwy 62 to North on 34th Ave, West on E 54th Street, then left on 32nd Ave.

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
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Egress Window(s), Finished, Full
  • Foundation Size: 1800
  • Disability Access: None
  • Square Feet: 5,400
  • Above Ground: 3,600 Sq. Ft.
  • Below Ground: 1,800 Sq. Ft.
  • Finished Down/Base.: 5,400 Sq. Ft.
  • Year Built: 2022

Unit Information

  • Units w/Refrigerators: 3

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Dimensions: 149 x 42
  • Frontage: City Street
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $21,500
  • Tax Amount: $13,914
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Insurance, Taxes, Water
  • Tenant Pays: All Utilities
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 007 BLOCK 003 C F E PETERSON CO NOKOMIS PARK
  • Property ID: 1902823220051

Listed by Real Estate Corners, Inc

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— 5424 32nd Ave S —

  • Real Estate Corners, Inc

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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 5424 32nd Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lk Nokomis Community-Keewaydin Campus
5209 30th Avenue South, Minneapolis, MN 55417
2-50.3 mi
Lk Nokomis Community-Wenonah Campus
5625 23rd Avenue South, Minneapolis, MN 55417
K-10.6 mi
Sanford Middle School
3524 42nd Avenue South, Minneapolis, MN 55406
6-82.4 mi
Roosevelt High School - Sws
4029 South 28th Avenue, Minneapolis, MN 55406
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 5424 32nd Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/09/2026
Listed
$900,000
592.31%
MLS
6/09/2021
Sold
$130,000
—
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 5424 32nd Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,914
-22%
$735,500
-25%
2025
$17,796
130%
$979,000
102%
2023
$7,726
406%
$484,000
409%
2023
$1,528
—
$95,000
-32%
2023
$1,528
-10%
$140,000
29%
2020
$1,693
3%
$108,275
7%
2019
$1,645
5%
$101,190
6%
2018
$1,567
10%
$95,740
14%
2017
$1,430
13%
$83,750
11%
2016
$1,261
4%
$75,575
9%
2015
$1,216
2%
$69,035
10%
2014
$1,191
-33%
$63,040
-33%
2013
$1,786
—
$94,500
—
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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Listed by Real Estate Corners, Inc

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5424 32nd Avenue S, Minneapolis, MN 55417 (MLS# 7103604) is a Triplex property with 9 bedrooms and 0 full bathrooms. 5424 32nd Avenue S is currently listed for $900,000 and was received on July 09, 2026. Want to learn more about 5424 32nd Avenue S? Do you have questions about finding other Triplex real estate for sale in Wenonah? You can browse all Wenonah real estate or contact a Coldwell Banker agent to request more information.

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