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$510,000

  • Sold
  • Closed
  • Triplex
  • 3,960 Sq. Ft.
  • 3 Car Garage
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Fantastic opportunity for owner-occupants or savvy investors! This unique triplex features three units plus a non-conforming 4th unit, offering a fantastic opportunity for additional rental income or multi-generational living. Property layout includes: Unit 1: Bright and spacious 3-bedroom, 1-bath unit - ideal for families or long-term tenants. Unit 2: Efficient and inviting 1-bedroom, 1-bath - perfect for singles, couples, or short-term stays. Unit 3: Comfortable 2-bedroom, 1-bath unit - a reliable income-producing rental. Remodeled in 2022. Unit 4: Non-conforming 2-bedroom, 1-bath unit - currently rented, providing extra income. Remodeled in 2023. Each unit has its own charm, and the property offers strong rental history with value-add potential. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property is packed with upside..

Full Property Details for 38964 12th Ave

General

  • Sold For: $510,000
  • Taxes: $5,738 (2024)
  • Status: Closed
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6710254
  • Added to Site: 296 day(s) ago

Parking

  • Garage: Yes
  • Garage Description: 33 x 21
  • Garage Spaces: 3

School Information

  • School District: 138 - North Branch
  • High School District: North Branch

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Natural Gas

Utilities

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

Financial Considerations

  • Operating Expenses: $10,349
  • Tax Amount: $5,738
  • Tax Year: 2024
  • Terms: Contract, Conventional, VA, FHA, Cash
  • Owner Pays: Electricity, Insurance, Grounds Care, Repairs, Sewer, Snow Removal
  • Tenant Pays: Electricity, Gas, Trash Collection
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Tenant Pays

Disclosures and Reports

  • Legal Description: SECTION 20 TOWNSHIP 035 RANGE 021 SUBDIVISIONNAME GREGOR'S ADDITION LOT 002 BLOCK 001 SUBDIVISIONCD 16020
  • Property ID: 160041102

Listed by Twin Cities Real Estate
Sold by Generations Real Estate Group

Listing agent

— 38964 12th Ave —

  • Twin Cities Real Estate

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 38964 12th Ave

School District:North Branch Public Schools
NameGradesDistance
Sunrise River Elementary School
37775 Grand Avenue, North Branch, MN 55056
K-41.5 mi
North Branch Middle School
38431 Lincoln Trail, North Branch, MN 55056
5-81.1 mi
North Branch Senior High School
38175 Grand Avenue, North Branch, MN 55056
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 38964 12th Ave

Date
Details
Price
Change
Source
6/06/2025
Sold
$510,000
-5.38%
MLS
5/02/2025
Listed
$539,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Down Payment Resource

Listed by Twin Cities Real Estate
Sold by Generations Real Estate Group

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Price Reduced near 38964 12th Ave

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11187 Eagle Ridge Way, Chisago City, MN 55013 - Photo 1 Price Reduced
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38964 12th Avenue, North Branch, MN 55056 (MLS# 6710254) is a Triplex property that was sold at $510,000 on June 06, 2025. Want to learn more about 38964 12th Avenue? Do you have questions about finding other Triplex real estate for sale in North Branch? You can browse all North Branch real estate or contact a Coldwell Banker agent to request more information.