$449,900
2314 Portland Avenue S Minneapolis, MN 55404
For Sale MLS# 7075280
9 beds 3 baths 4,105 sq ft Multi-family
Details for 2314 Portland Avenue S
MLS# 7075280
Description for 2314 Portland Avenue S, Minneapolis, MN, 55404
Excellent multifamily investment opportunity in a prime South Minneapolis location with long-term tenants! This well-maintained, large duplex at 2314 Portland Ave S, Minneapolis, MN 55404 offers spacious living arrangements with 5BR/2BA and 3BR/1BA units, separate entrances, and abundant off-street parking — a rare amenity in the urban core.The property combines strong functionality with excellent rental potential, making it ideal for both investors and owner-occupants seeking stable income and long-term appreciation. Spacious units, flexible layouts, and consistent tenant demand create an attractive opportunity in one of Minneapolis’ most accessible neighborhoods.Conveniently located near downtown Minneapolis, public transit, parks, restaurants, hospitals, and major employment corridors, this property offers outstanding connectivity and strong tenant appeal.Additional upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled.The property is fully occupied with long-term tenants in place, providing stable and predictable income:Unit 1 (5BR/2BA): $2,050/month lease through May 31, 2027Unit 2 (3BR/1BA): $1,750/month lease through March 31, 2027Current Gross Rental Income: $3,800/month ($45,600 annually)Utilities:Trash & Water: $303.35/monthElectric: $18/monthTotal Average Utilities: $321.35/month ($3,856 annually)Strong location, solid fundamentals, and future upside potential make this a compelling addition to any investment portfolio.
Listing Information
Property Type: Multi-family, Duplex Up and Down
Status: Active
Bedrooms: 9
Bathrooms: 3
Lot Size: 0.14 Acres
Square Feet: 4,105 sq ft
Year Built: 1900
Foundation: 1,180 sq ft
Stories: 2 Stories
Subdivision: Phillips West
Number Of Units Total: 2
County: Hennepin
Days On Market: 6
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Square Footage above: 2,835 sq ft
Square Footage below: 1,270 sq ft
Basement: Unfinished, Daylight/Lookout Windows, Drainage System, Full, Crawl Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Parking Description: Driveway - Shared, Uncovered/Open, Driveway - Concrete
Exterior: Metal, Vinyl
Roof: Age Over 8 Years, Asphalt Shingles
Lot Dimensions: 48.00 X 124.00
Zoning: Residential-Multi-Family
Fencing: Chain Link
Additional Exterior/Lot Features: Tree Coverage - Light, Public Transit (w/in 6 blks), Road Frontage - City, Curbs, Paved Streets, Sidewalks
Community Features
Association Amenities: Common Garden, Coin-op Laundry Owned
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 2050
Unit 1 Baths Total: 2
Unit 1 Beds Total: 5
Unit 1 Rooms Total: 10
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1750
Unit 2 Baths Total: 1
Unit 2 Beds Total: 4
Unit 2 Rooms Total: 7
Driving Directions
Portland North of Lake Street
Financial Considerations
Tenant Pays: Electric,Fuel,Trash
Owner Pays: Insurance,Maintenance/Repair,Percentage Rent,Taxes
Gross Income: 45600
Tax/Property ID: 3402924110043
Tax Amount: 6406
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Summit 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.
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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 2314 Portland Avenue S
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 2314 Portland Avenue S
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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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