226 Gramercy Avenue, Minneapolis, MN

$400,000

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3

Beds

3

Baths

2,664

Square feet

6534.00

Acres

About 226 Gramercy Avenue

Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus two large vacant studios ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand—ideal for an investor or owner-occupant seeking rental income and long-term upside!

Features of 226 Gramercy Avenue

MLS® # 7128878
Price $400,000
Bedrooms 3
Bathrooms 3.00
Square Footage 2,664
Acres 6,534.00
Year Built 1912
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 226 Gramercy Avenue
Area 30
City Minneapolis
County Hennepin
State MN
Zip Code 55405

Amenities

Parking Detached Garage, RV Access/Parking
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Fireplace No

Exterior

Exterior Features Stucco, Wood
Lot Description Public Transit (w/in 6 blks)

School Information

District Minneapolis

Additional Information

Days on Market 22
Zoning Residential-Multi-Family
Foreclosure No
Short Sale No
Taxes $7,229
Tax Year 2026

Listing Details

OfficeEdina Realty, Inc.

Listing Map

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