$399,000
4255 Thomas Avenue N Minneapolis, MN 55412
For Sale MLS# 7105318
4 beds 4 baths 2,550 sq ft Multi-family
Details for 4255 Thomas Avenue N
MLS# 7105318
Description for 4255 Thomas Avenue N, Minneapolis, MN, 55412
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.
Listing Information
Property Type: Multi-family, Duplex Side by Side
Status: Active
Bedrooms: 4
Bathrooms: 4
Lot Size: 0.14 Acres
Square Feet: 2,550 sq ft
Year Built: 1940
Foundation: 1,600 sq ft
Garage: Yes
Stories: 1.5 Stories
Subdivision: Victory Park Add
Number Of Units Total: 4
County: Hennepin
Days On Market: 14
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Basement, Laundry Room, Lower Level
Interior Features
Square Footage above: 1,950 sq ft
Square Footage below: 600 sq ft
Basement: Finished (Livable)
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Baseboard, Other
Exterior / Lot Features
Garage Spaces: 2
Parking Description: Detached Garage, Garage Sq Ft - 400.0
Exterior: Brick/Stone
Lot Dimensions: 60x102
Zoning: Other,Residential-Multi-Family
Additional Exterior/Lot Features: Corner Lot
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1098
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 5
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1123
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 2 Rooms Total: 4
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1123
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 3 Rooms Total: 4
Unit 4 Units Total: 1
Unit 4 Actual Rent: 908
Unit 4 Baths Total: 1
Unit 4 Rooms Total: 2
Driving Directions
From Hwy 100, exit on N 42nd Ave and head East. This road turns into Lake Dr. Turn Right / South on Memorial Parkway, Turn Left / East on N 42nd Ave, Turn Left / North on N Thomas Ave. Home is on the left just before N 43rd Ave.
Financial Considerations
Tenant Pays: Cable T.V.,See Remarks,Telephone
Owner Pays: Common Area Maintenance,Electric,Fuel,Gas,Grounds Care,Heat,Hot Water,Sewer,Trash,Water
Gross Income: 51024
Tax/Property ID: 0502924120173
Tax Amount: 6887.36
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Fuze Real Estate
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 4255 Thomas Avenue N
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 4255 Thomas Avenue N
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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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