2050 W Broadway Avenue Minneapolis, MN 55411
For Sale MLS# 7073087
8 beds 3 baths 3,259 sq ft Multi-family
Details for 2050 W Broadway Avenue
MLS# 7073087
Description for 2050 W Broadway Avenue, Minneapolis, MN, 55411
Fully renovated (in 2021) Triplex in the heart of Broadway & Penn. Located in the vibrant Broadway & Penn corridor, this rebuilt triplex (Interior)) offers a rare opportunity to own a turnkey investment property surrounded by ongoing neighborhood revitalization and new development. This property has been fully gutted and rebuilt from the ground up (Interior). Major improvements include all new electrical, plumbing, ductwork, HVAC systems, water heaters, framing, insulation, drywall, leveled floors, windows, kitchens, bathrooms, finish carpentry, doors, and central air conditioning. Each unit features: Private front and rear entrances, separate utilities, individual HVAC systems for independent comfort and efficiency. The building includes three furnaces, three water heaters, and three central air units, making management simple and utility separation clean for owner-occupants or investors.Additional amenities include a shared basement with: Common laundry area and dedicated storage space for tenants. Whether you’re looking to house hack, expand your portfolio, or secure a fully renovated (Interior 2021) income property in an improving area, this triplex delivers modern systems, low maintenance, and strong long-term potential. Home is fully occupied and total rents are $5,239 per month.
Listing Information
Property Type: Multi-family, Triplex
Status: Active
Bedrooms: 8
Bathrooms: 3
Lot Size: 0.13 Acres
Square Feet: 3,259 sq ft
Year Built: 1904
Foundation: 1,242 sq ft
Stories: More Than 2 Stories
Subdivision: Forest Heights
Number Of Units Total: 3
County: Hennepin
Days On Market: 24
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Basement
Interior Features
Square Footage above: 3,259 sq ft
Basement: Unfinished
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Open Parking: 3
Parking Description: Garage Sq Ft - 0.00
Exterior: Concrete, Block
Roof: Age Over 8 Years
Lot Dimensions: 45x125x45x125
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Tree Coverage - Light, Road Frontage - City
Community Features
Association Amenities: Common Laundry Facility, Porch
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1830
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 6
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1829
Unit 2 Baths Total: 1
Unit 2 Beds Total: 3
Unit 2 Rooms Total: 6
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1579
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 3 Rooms Total: 5
Driving Directions
Just east of Penn Ave N, on the north side of West Broadway Ave.
Financial Considerations
Other Annual Tax: $5,424
Tenant Pays: All Utilities
Owner Pays: None
Gross Income: 62868
Tax/Property ID: 1602924220171
Tax Amount: 10323
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: LPT Realty, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2050 W Broadway Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2050 W Broadway Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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