Dowling Elementary
- Enrollment
- 399
- Students per teacher
- 16.6
3900 W River Pkwy, Minneapolis, MN 55406
(612) 668-4410
1 / 29
2316 25th Avenue S, Minneapolis, MN 55406 - MLS# 7144916
$799,900
Bedrooms
10
Bathrooms
4
Square Feet
4,309
Acres
0.19
Year Built
1883
Property Type
Residential Income
Heating
Natural Gas, Forced Air
Days on Market
39
School District
1 - Minneapolis
Prime investment opportunity in Minneapolis' sought-after Seward neighborhood! This well-maintained 4-unit property offers an excellent combination of strong cash flow, quality updates, and long-term upside, featuring 10 bedrooms and approximately $86K+ in annual gross rental income. With a stated NOI of $57,090, the property offers an attractive approximately 7.14% cap rate. Tenants pay gas and electric, helping control operating expenses. Each unit features in-unit laundry, central air, and high-efficiency HVAC. Additional highlights include 6 off-street parking spaces, a strong unit mix, and stabilized rental income. Significant renovations completed in 2019 provide added peace of mind and reduce near-term capital needs. A compelling opportunity for investors seeking a turnkey multifamily asset in a desirable Minneapolis neighborhood.
Interior Information
BasementCrawl Space, Unfinished
HeatingForced Air
FuelNatural Gas
LaundryIn Unit
Electric100 Amp Service
Size & Levels
LevelsMore Than 2 Stories
Total Finished Sq Ft4,709 sq ft
Above Grade Finished4,309 sq ft
Main Level Finished1,716 sq ft
Exterior & Parking
ExteriorVinyl
RoofAge 8 Years or Less, Asphalt
FoundationStone
ParkingGravel
Lot & Utilities
Property SubtypeFourplex
Lot Size0.19 acres
Lot Dimensions47x179
Lot DescriptionPublic Transit (w/in 6 blks), Tree Coverage - Light
ZoningResidential-Multi-Family
SubdivisionFair Ground Add
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCurbs, Paved Streets, Sidewalks
Financial & Tax Information
Annual Taxes$11,888
Tax Year2026
Tax w/ Assessments$11,888
Assessment PendingNo
Parcel Number3602924120107
Financing OptionsConventional, VA, FHA, Cash
Assumable MortgageNot Assumable
List TypeExclusive Right To Sell
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1970-1979, about 13% of occupied homes are owner-occupied, and the average commute is 18 minutes.
Cost of Ownership
Median home value
$351,400
Similar to the Minneapolis median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$4,473/yr
Similar to the Minneapolis median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$2,080/mo
Similar to the Minneapolis median
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$1,010/mo
Higher than the Minneapolis median
Median monthly housing costs for owners without a mortgage.
Median rent
$1,127/mo
Lower than the Minneapolis median
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
13%
Lower than Minneapolis overall
The share of occupied homes lived in by their owners.
Median year built
1978
Similar to the Minneapolis median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 2010-20199%
- 2000-20096%
- 1980-198921%
- 1970-197927%
- 1939 or earlier16%
Types of homes
The share of housing units in each building type.
- Single-family detached8%
- 2-4 units11%
- 5+ units75%
Getting Around
Average commute
18 min
Lower than the Minneapolis median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone39%
- Work from home29%
Homes with broadband
77%
Lower than Minneapolis overall
The share of households with a broadband internet subscription.
Schools
Minneapolis Public School District
This home is in the Dowling Elementary, Andersen Middle and South High attendance areas of Minneapolis Public School District.
Elementary
Middle
Andersen Middle
- Enrollment
- 1,052
- Students per teacher
- 13.5
1098 Andersen Lane, Minneapolis, MN 55407
(612) 668-4200High
South High
- Enrollment
- 1,257
- Students per teacher
- 13
3131 19th Ave S, Minneapolis, MN 55407
(612) 668-4300
