Minneapolis, MN 55405 226 Gramercy Avenue
$420,000
29 more
Presented By: Edina Realty, Inc.
Beds • 3
Baths • 3
SQFT • 2,736
Garage • 2
Home Details
Solid Minneapolis triplex with a strong rental history and consistent cash flow. Features one spacious 3BR unit plus
two efficient studios. Roof under 10 years, updated bathrooms, forced-air heat, and separate gas/electric utilities.
Classic hardwood floors, inviting front porches, 2-car garage plus one additional off-street parking. Desirable location
just minutes to downtown, Bryn Mawr Park, Wirth Park, Utepils Taproom, the Farmers Market, and Metro transit.
Well-maintained with steady rental demand-ideal for investors seeking a turnkey portfolio addition with long-term
upside. Seller will offer 1% point towards a buyer's interest rate buy-down with an acceptable offer.
Presented By: Edina Realty, Inc.
Interior Features for 226 Gramercy Avenue
Other Interior Features
Above Grade Finished Area2736
BasementDaylight/Lookout Windows, Full, Owner Access, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas
Garage Square Feet528
General for 226 Gramercy Avenue
AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsStucco, Wood Siding
ContingencyNone
CountyHennepin
Directions394 to Penn Ave S. Go north to Cedar Lake Road. East to 2nd Ave N. NE to Gramercy Ave.
Electric Expense
Fuel Expense
Garage Spaces2
Gross Income45840
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense2577
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2736
Lot Size UnitsSquare Feet
MaintenanceExpense0
New ConstructionNo
Number Of Units Total3
Operating Expense0
OwnerPaysInsurance, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount6840
Tax Year2025
Tenant PaysCable TV, Electricity, Gas
Trash Expense0
Water Sewer Expense3000
Year Built1912
Zoning DescriptionResidential-Multi-Family
Exterior for 226 Gramercy Avenue
Building Area Total4554
Foundation Area1368
Lot Dimensions45x145
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0.15
Parking FeaturesDetached
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent