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4255 Thomas Avenue N, Minneapolis, MN 55412

$379,900
  • 4255 Thomas Avenue N, Minneapolis, MN 55412 Main Photo

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Active Price Reduced by $19,100 on July 29th, 2026
BEDS0 BATHS SQUARE FEET2,550 MLS#7105318
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONVictory Park Add SCHOOLMinneapolis

Property Description

4-Unit Multi-Family (non-conforming) investment opportunity with strong income potential! This fully leased 4 unit property offers 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 (zoned as a DUPLEX), 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. Tenant leases 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. Tenants are charged a monthly flat fee for electricity, gas, water, sewer & trash. This amount is already wrapped into the monthly rent that was stated. Buyer and Buyer's Agent to verify all details, including square footage.24 Hour Tenant Notice required for showings.

4255 Thomas Avenue N | MLS# 7105318

This multi-family property located at 4255 Thomas Avenue N, Minneapolis, MN 55412 is currently listed for sale with an asking price of $379,900. Thomas Avenue N is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished
Basement: Yes
Garage: 2
Heating: Baseboard, Forced Air
Lot Size: 0.14 Acres
Taxes: $6,887
Year Built: 1940

Feature Descriptions

Days on Site: 22
Foundation Size: 1600
Lot: Corner Lot
Lot Dimensions: 60x102
Owners Expense: Common Area Maintenance, Electricity, Fuel, Gas, Grounds Care, Heat, Hot Water, Sewer, Trash Collection, Water
Parcel#: 0502924120173
Parking: Detached Garage
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Telephone, See Remarks
Units: 4
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Fuze Real Estate
Agency Phone: 612-867-0001

Shown By

Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541

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Estimated Payment

$ 1,530.21 per month $845.49 Principal & Interest $573.92 Property Tax $110.80 Homeowner's Insurance

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