2601 Portland AVE Minneapolis, MN 55407
5,669 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,669 sqft
Price per Sqft $158
Subdivision Home Add
MLS Listing ID 6731817
Year Built 1899
Annual Tax Amount $7,628
Tax Year 2025
Contingent None
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 88x118
Property Sub-Type Triplex
Property Description
The home has been lovingly owner-occupied in the expansive main residence, while two additional one-bedroom units—the carriage house and a second-floor apartment—provide steady rental income. Current rents are below market, offering immediate upside for investors looking to optimize cash flow.
But the income potential doesn't stop there. The lower level features a spacious bedroom, full plumbing, a bar, laundry, and a separate entry—perfectly positioned to become a third rental unit or short-term Airbnb. A professional darkroom/studio space on the same level opens doors for creative or small business use, ideal for buyers seeking a live/work configuration.
On the uppermost floor, an unfinished attic offers the square footage and ceiling height to create a stunning fourth unit or an expansive owner's suite.
The outdoor spaces are just as remarkable: a lush, private garden with a koi pond and a four-car garage—two bays heated and currently used as a workshop—enhance the usability and appeal for both tenants and owners.
Whether you're a seasoned investor or a creative entrepreneur, 2601 Portland Avenue offers a rare combination of income potential, historical charm, and functional versatility in one of the city's most dynamic and evolving neighborhoods.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Egress Window(s), Finished, Full
Interior
Heating Forced Air, Fireplace(s)
Fireplace No
Exterior
Parking Features Detached, Concrete, Heated Garage
Garage Spaces 4.0
Fence Full
Roof Type Age 8 Years or Less
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot, Many Trees
Story More Than 2 Stories
Foundation 1488
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Stucco
New Construction false
Schools
School District Minneapolis