5424 32nd Avenue S - Photo 1
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5424 32nd Avenue S
5424 32nd Avenue S
5424 32nd Avenue S
5424 32nd Avenue S
5424 32nd Avenue S

5424 32nd Avenue S, Minneapolis, MN 55417 - MLS# 7103604

MLS® #: 7103604|Days on Market: 104|Listed: Jul 9, 2026

$900,000

Bedrooms
9
Bathrooms
6
Square Feet
5,400
Acres
0.15
Year Built
2022
Property Type
Residential Income
Heating
Natural Gas, Forced Air
Garages
2
Days on Market
104
School District
1 - Minneapolis

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 for a total monthly income of $7,500. 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!

5424 32nd Avenue S, Minneapolis, MN 55417

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Interior Information

BasementDaylight/Lookout Windows, Egress Window(s), Finished, Full
HeatingForced Air
FuelNatural Gas

Size & Levels

LevelsTwo
Total Finished Sq Ft5,400 sq ft
Above Grade Finished3,600 sq ft
Below Grade Finished1,800 sq ft
Main Level Finished1,800 sq ft

Exterior & Parking

ExteriorVinyl
FoundationBlock
Garage Stalls2
ParkingAttached Garage
New ConstructionYes

Lot & Utilities

Property SubtypeTriplex
Lot Size0.15 acres
Lot Dimensions149x42
ZoningResidential-Multi-Family
SubdivisionC F E Peterson Co Nokomis Park
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street

Financial & Tax Information

Annual Taxes$13,914
Tax Year2026
Tax w/ Assessments$13,914
Assessment PendingNo
Parcel Number1902823220051
Financing OptionsConventional, Cash
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Schools

Broker Reciprocity logo
Listed by: Real Estate Corners, Inc
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. 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 Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.