$900,000
5424 32nd Avenue S Minneapolis, MN 55417
For Sale MLS# 7103604
9 beds 6 baths 5,400 sq ft Multi-family
Details for 5424 32nd Avenue S
MLS# 7103604
Description for 5424 32nd Avenue S, Minneapolis, MN, 55417
Exceptional investment opportunity! This hard-to-find triplex, built in 2022, is located in the heart of South Minneapolis and offers immediate cash flow with all three units currently rented. Each unit features 3 bedrooms, 2 full bathrooms, an open and functional floor plan, and a stylish kitchen complete with granite countertops and stainless steel appliances. Built with modern finishes and low-maintenance construction, this property is an excellent addition to any investment portfolio. Conveniently located near shopping, dining, parks, public transportation, and major highways, this turnkey income-producing property offers the perfect combination of quality, location, and long-term rental potential. Each unit has its own PID number for a chance to sell each unit individually. A rare opportunity you won't want to miss!
Listing Information
Property Type: Multi-family, Triplex
Status: Active
Bedrooms: 9
Bathrooms: 6
Lot Size: 0.15 Acres
Square Feet: 5,400 sq ft
Year Built: 2022
Foundation: 1,800 sq ft
Garage: Yes
Stories: 2 Stories
Construction Display: New Construction
Subdivision: C F E Peterson Co Nokomis Park
Number Of Units Total: 3
County: Hennepin
Days On Market: 11
Construction Status: Completed New Construction
School Information
District: 1 - Minneapolis
Interior Features
Square Footage above: 3,600 sq ft
Square Footage below: 1,800 sq ft
Basement: Daylight/Lookout Windows, Full, Egress Windows, Finished (Livable)
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Parking Description: Attached Garage, Garage Sq Ft - 470.0
Exterior: Vinyl
Lot Dimensions: 149x42
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Road Frontage - City
Unit Information
Unit 1 Units Total: 3
Unit 1 Actual Rent: 2500
Unit 1 Baths Total: 2
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 6
Driving Directions
Hwy 62 to North on 34th Ave, West on E 54th Street, then left on 32nd Ave.
Financial Considerations
Tenant Pays: All Utilities
Owner Pays: Insurance,Taxes,Water
Gross Income: 90000
Expense: 21500
Tax/Property ID: 1902823220051
Tax Amount: 13914
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Real Estate Corners, Inc
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 5424 32nd 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 5424 32nd 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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