Minneapolis Homes with Apartments/Multi Family Style

Minneapolis Homes with Apartments/Multi Family Style

Welcome to Minneapolis, a vibrant city nestled in the heart of Minnesota, within Hennepin County. Known for its stunning lakes, dynamic arts scene, and rich cultural heritage, Minneapolis offers a unique blend of urban sophistication and natural beauty. The city is home to a diverse population and a thriving economy, making it an attractive destination for both residents and investors.

One of the most appealing aspects of Minneapolis is its variety of housing options, particularly homes with apartments or multi-family styles. These properties are perfect for those looking to invest in real estate while enjoying the benefits of rental income. Multi-family homes provide a unique opportunity to live in one unit while renting out the others, creating a sustainable income stream. This flexibility is ideal for families, young professionals, and investors alike.

The neighborhoods in Minneapolis are as diverse as its residents. From the historic charm of Northeast Minneapolis to the bustling energy of Uptown, each area offers its own unique character and amenities. Residents enjoy easy access to parks, lakes, shopping, and dining, all while being just a short commute from the downtown business district.

With a strong rental market and a commitment to community development, investing in multi-family homes in Minneapolis is not just a smart financial decision; it’s an opportunity to be part of a city that values growth and innovation. Whether you're looking for a place to call home or a strategic investment, Minneapolis is a city that truly has it all.

Newest Minneapolis Homes with Apartments/Multi Family Style

$699,950
7111920 MLS
6 Unit Town-home Style Building minutes from Downtown Minneapolis! 4 units are two levels with balconies. Good Layouts. Off Street Parking. Public transportation is within walking distance to the building and located right south of 94W. The building is located near Augsburg, University of Minnesota, and numerous restaurants and sites ie: A Bar of Their Own, Pizza Luce and Cedar Cultural Center.

924 21st Avenue S, Minneapolis

Listing courtesy of DRG.

$1,095,000
12 Beds ⋅ 5 Baths ⋅ 7106578 MLS
This five-unit building offers a desirable unit mix, featuring four 2 bedroom, 1 bathroom units and one spacious 4 bedroom, 1 bathroom unit on the top floor. Rich in character, the property showcases original hardwood floors and built-ins. Inviting front and back porches provide additional outdoor living space, enhancing the property's charm and appeal. All units were remodeled in last 10-12 years. as well as rare front and back porches Whether you're looking to expand your investment portfolio or own a well located multifamily property with strong rental potential, this building presents a great opportunity. Situated just minutes from Uptown, Downtown Minneapolis, and the Chain of Lakes, residents will enjoy easy access to neighborhood favorites including Lake of the Isles, Bde Maka Ska, the Midtown Greenway, Convenient access to public transportation and major roadways

2445 Aldrich Avenue S, Minneapolis

Listing courtesy of Pemberton RE.

$1,499,900
7108476 MLS
Very clean professionally managed 14 Unit (6 1Br & 8 Studios) Brownstone in the heart of South Mpls featuring spacious updated studios and one-bedroom apartments with loads of character and charm throughout the building. Located in the Lyndale neighborhood with a great walk score of 83 - Shopping, dining, nightlife and entertainment are within blocks in every direction as well as the famous "Eat-Street". Newer roof, boiler, common area updates and updated units. 15 off street parking spaces (extra PID behind building). Great addition to any investment portfolio! No need to get financing, Buyer can assume a very low-interest rate Freddie Mac mortgage of 3.46%, maturing in February of 2031. Opportunities like this do not come along often.

3322 Blaisdell Avenue, Minneapolis

Listing courtesy of Metro Group Real Estate.

$1
7107359 MLS
* Sale Price: Negotiable * Rare 60 Unit (3 Building) Brownstone Multifamily Portfolio * Located on a 0.49-acre site totaling approximately 21,344 sf * Corner of Lagoon & Humboldt, across from Lunds & Byerly's, near The Lakes, and next to the Midtown Greenway Trail * Longtime family-owned asset * 95% Occupancy - Desirable unit mix: (18) studios, (41) 1 bedrooms, (1) 2 bedroom. * 3 Parcels: 2870 (33-029-24-34-0014), 2882 (33-029-24-34-0016), land parcel between the buildings (33-029-24-34-0015) * Stabilized property with true value-add upside through rent growth, unit/common area improvements and management/operational efficiencies * Perfect 1031 Tax exchange and Investment * Opportunity to acquire three adjacent multifamily buildings in a single transaction (management efficiency) * Desirable Uptown/Lagoon Ave location with excellent access to nearby restaurant, retail, entertainment, parks & transit * Flexible zoning with 2870 Humboldt Avenue South zoned UN3 and 2876/2882 Humboldt Avenue South zoned RM1, allowing for continued multifamily use in an urban residential setting.

2870 & 2876 & 2882 Humboldt Avenue S, Minneapolis

Listing courtesy of RE/MAX Results.

$575,000
7 Beds ⋅ 5 Baths ⋅ 7104766 MLS
Five-unit apartment building next to the hospital in South Minneapolis! This property currently has one vacancy but once fully filled should generate $6,465/month in rent. Two of the units are two bedroom units, renting for $1,495 and $1,450. Three are one bedroom units renting for (vacant), $1,150 and $1,270. Tenants pay their own electric (heat is all electric). Old boiler in basement is disconnected.

2447 11th Avenue S, Minneapolis

Listing courtesy of Financially Free, LLC.

$1
7063127 MLS
Dinkytown student housing investment, walking distance to U of M campus. 14 rental rooms, fully leased through 2026/2027 school year. Tenants responsible for all utilities (electric, gas, water, internet, trash) — low operating costs for owner. Zoned R5, offering strong future redevelopment potential. Property is one lot off the corner of 10th Ave SE & University Ave SE, and shares a rear parking lot with 1009 University Ave SE — also available. Acquiring both properties together, or in combination with the corner parcel, presents a compelling assemblage/development opportunity in one of the Twin Cities' most active student housing corridors. Part of larger 7-building Dinkytown portfolio; motivated seller reviewing offers as received.

314 10th Avenue SE, Minneapolis

Listing courtesy of Ashworth Real Estate.

$1
7063115 MLS
Dinkytown student housing investment, steps to U of M campus. 11 Rental rooms, fully leased through 2026/2027 school year. Tenants pay all utilities (electric, gas, water, internet, trash) — low operating costs for owner. Contiguous with 321 12th Ave SE (sold separately or together). Part of larger 7-building Dinkytown portfolio; motivated seller reviewing offers as received. Excellent cash-flowing asset in high-demand rental market with strong, consistent tenant base near campus.

319 12th Avenue SE, Minneapolis

Listing courtesy of Ashworth Real Estate.

$1
7063102 MLS
Dinkytown student housing investment, steps to U of M campus. 7 Rental rooms, fully leased through 2026/2027 school year. Tenants pay all utilities (electric, gas, water, internet, trash) — low operating costs for owner. Contiguous with 319 12th Ave SE (sold separately or together). Part of larger 7-building Dinkytown portfolio; motivated seller reviewing offers as received. Excellent cash-flowing asset in high-demand rental market with strong, consistent tenant base near campus.

321 12th Avenue SE, Minneapolis

Listing courtesy of Ashworth Real Estate.

$1
7063094 MLS
Dinkytown student housing investment, walking distance to U of M campus. 12 rental rooms, fully leased through 2026/2027 school year. Tenants responsible for all utilities (electric, gas, water, internet, trash) — low operating costs for owner. Zoned R5, offering strong future redevelopment potential. Property is one lot off the corner of 10th Ave SE & University Ave SE, and shares a rear parking lot with 314 10th Ave SE — also available. Acquiring both properties together, or in combination with the corner parcel, presents a compelling assemblage/development opportunity in one of the Twin Cities' most active student housing corridors. Part of larger 7-building Dinkytown portfolio; motivated seller reviewing offers as received.

1009 University Avenue SE, Minneapolis

Listing courtesy of Ashworth Real Estate.

$1
7063138 MLS
Dinkytown student housing investment, two contiguous buildings sold together near U of M campus. Combined 25 rental rooms (1206: 18 rooms, 1212: 7 rooms), fully leased through 2026/2027 school year. Tenants responsible for all utilities (electric, gas, water, internet, trash) — low operating costs for owner. On-site parking lot included; laundry facilities in each building. Zoned high density, offering exceptional redevelopment potential — situated among newer, larger apartment developments and adjacent to Dinkytown's tallest longstanding apartment tower. A rare assemblage opportunity in one of the Twin Cities' most in-demand rental corridors. Part of larger 7-building Dinkytown portfolio; motivated seller reviewing offers as received.

1206 & 1212 5th Street SE, Minneapolis

Listing courtesy of Ashworth Real Estate.

$600,000
7094590 MLS
Prime RM3 Investment Opportunity – 2318 1st Ave S, Minneapolis. Position your portfolio for success with this 6,009 SF multi-use commercial property in the heart of Minneapolis. Built in 1920 and situated on a prominent corner lot, this property offers the rare combination of historic architecture, flexible zoning, and strong location fundamentals—a winning formula for investors and owner-users alike. Currently configured as professional office space, the building features three separate entrances across three floors plus a lower level, allowing for multi-tenant use or conversion to mixed-use, residential, or institutional operations. The RM3/BFI3 zoning supports a broad range of uses including large-scale dwellings, professional offices, and major institutional tenants, giving investors a flexible foundation for future growth or repositioning. Nine off-street parking stalls—a rare urban luxury—enhance accessibility and tenant appeal. With the previous owner (a long-standing accounting firm) now relocated, the property is move-in ready or available for immediate redevelopment or lease-up strategy. Located just steps from Eat Street, the Minneapolis Institute of Art, and Midtown Global Market, this property sits within one of the city’s most vibrant and transit-connected neighborhoods. The strong surrounding tenant mix, bike and bus accessibility, and proximity to downtown create a high-demand environment for professional users and long-term investment stability. Investment Highlights: - 6,009 SF brick building (approx. 4,862 SF finished) on a corner lot - RM3/BFI3 zoning – ideal for office, residential, or institutional uses - 3 separate entrances for multi-tenant or flexible layouts - 9 off-street parking stalls – rare in core Minneapolis - Solid 1920 construction with timeless architectural appeal - Vacant and ready for occupancy, repositioning, or redevelopment - Surrounded by high-demand cultural and commercial amenities - Located in a strong rental and employment corridor near downtown 2318 1st Ave S represents a smart acquisition for investors seeking a versatile, centrally located asset with multiple upside paths—whether through adaptive reuse, multi-tenant office leasing, or future residential conversion.

2318 1st Avenue S, Minneapolis

Listing courtesy of Keller Williams Realty Integrity.

$580,000
7 Beds ⋅ 5 Baths ⋅ 7093995 MLS
3343 15th Avenue South is a classic up-down five-unit apartment building built in 1905 and ideally positioned directly across from Powderhorn Park, the Powderhorn Park Recreation Center, public pool, and adjacent parking lot. Located in a proven rental corridor of South Minneapolis, the property features spacious units with hardwood floors, high ceilings, strong natural light, and a history of consistent occupancy. Well-maintained through attentive ownership and professional management, the property has benefited from consistent care and investment over time. The asset generates attractive current cash flow while offering significant value-add potential through improved operational efficiencies. Offered at $580,000 with a pro forma cap rate of 8.6%, the property presents an excellent opportunity for a first-time investor or owner-operator seeking a well-located multifamily asset with stable income, strong rental demand, and substantial upside potential in one of Minneapolis' most established neighborhoods.

3343 15th Avenue S, Minneapolis

Listing courtesy of Matthews Real Estate Investment Solutions.

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