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Off Market

3232 3rd Ave S

Minneapolis MN 55408

5
2
2560 sq. ft.
0.14 ac.
Duplex
Last sold for $428,265
Michael MoeMichael Moe, last sold this property on 14 May 2026 after 61 days on market.

Overview

The investment opportunity you’ve been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors—ideal for attracting top-market rents while minimizing future repair costs. Owner occupant investors welcomed with lower unit lease ending 5/31! With nearly 2,600 finished sq ft and over 5,600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric.

Features

5 bedrooms
2 bathrooms
2560 sq. ft. floor area
0.14 ac. lot size
Duplex

Estimated Value

We need at least 3 similar 5 bedroom duplexes sold in Minneapolis over the last 12 months.

Property history for 3232 3rd Ave S

2026
Sold
$428,265
14 May 2026 by Michael Moe, of Keller Williams Classic Rlty NW
2018
Sold
$309,552
04 Sep 2018 by Matt Engen, of RE/MAX Results

Happy sellers in Minneapolis

90%
90% of sellers in Minneapolis reported that their sale price either exceeded or met their price expectations.

Minneapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Minneapolis over the last 12 months.

Local market activity for 5 bedroom duplexes in Minneapolis

In the last 12 months, 1 five-bedroom duplex similar to 3232 3rd Ave S, have been sold.

This represents a 34% increase in five-bedroom duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Minneapolis

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Nicholas Hall

Sellers who recommend Nicholas Hall have praised them for being local expert, responsive, supportive, hard-working, and reliable

  •   5   (51 reviews)
  •  4 Reviews in Minneapolis
  •  3 Sales in Minneapolis
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Timothy Comes

Sellers who recommend Timothy Comes have praised them for being local expert, clear communication, responsive, supportive, honest, friendly, and patient

  •   5   (105 reviews)
  •  2 Reviews in Minneapolis
  •  1 Sale in Minneapolis
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Christine Hazel

Christine Hazel is a recommended agent for Minneapolis.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (4 reviews)
  •  1 Review in Minneapolis
  •  1 Sale in Minneapolis
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Christopher Friend

Christopher Friend is a recommended agent for Minneapolis.  They have 4 local sales across the last 12 months.

  •  4 Sales in Minneapolis
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