Welcome to this beautifully updated triplex located in the Lyndale neighborhood of Minneapolis. Featuring two well maintained units on the main level and a massive upper-level unit, each thoughtfully renovated with modern kitchens, stylish bathrooms, updated appliances, and fresh paint throughout. The lower two units are currently occupied by reliable, month-to-month tenants, providing immediate rental income with flexibility for future plans. Brand new coin laundry in the basement only adds to this income potential. Whether you're an investor looking for a solid cash-flowing property or an owner-occupant seeking to offset your mortgage with rental income, this triplex is a perfect fit. Located in a sought-after area near local shops, restaurants, parks, and easy transit options, this property blends convenience with long-term value. Don't miss out on this great turn-key investment opportunity. Plan your tour of this new listing today!
Active with contingency
$525,000
3148 Pleasant Ave, Minneapolis, MN 55408
8beds
3baths
4,500sqft
Est.:
Triplex
Built in 1886
-- sqft lot
$521,200 Zestimate®
$117/sqft
$-- HOA
What's special
Stylish bathroomsModern kitchensUpdated appliances
- 26 days
- on Zillow |
- 1,009 |
- 48 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 08:55am
Listed by:
The Graham Smith Team 612-414-5614,
Keller Williams Realty Integrity Lakes,
Jake Bentley 763-777-2068
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6740406

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
Heating
- Boiler, Radiant
Appliances
- Laundry: Coin-op Laundry Owned
Features
- Basement: Shared Access,Unfinished
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
- Finished area above ground: 3,000
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 0.1 Square Feet
- Dimensions: 45 x 99
Details
- Foundation area: 1600
- Parcel number: 0302824220192
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Stucco
Condition
- Age of Property: 139
- New construction: No
- Year built: 1886
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Motor Line Add
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $431,000
- Annual tax amount: $7,835
- Date on market: 6/17/2025
- Tenant pays: Cable TV
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