2524 Portland Ave

For Sale

2524 Portland Ave, Minneapolis, MN 55404

This Minneapolis property for sale is located at 2524 Portland Ave. The current listed sale price for 2524 Portland Ave is $549,900. 2524 Portland Ave is situated on a lot that is 0.11 acre in size.

Contacts

Keynon Starks

AARE

Property Details

  • Property Type Multi-Family
  • Property Size 3,424 SF
  • Units 6
  • Lot Size 0.11 Acre
  • Cap Rate % 9
  • Rental Income / YR $68,700.00
  • NOI / YR $55,085.00
  • Taxes / YR $1,985.00
  • # of Floors 2
  • Property Tenancy Multi-Tenant
  • Year Built 1910
  • Date Updated Mar 31, 2026

Turn-Key 6-Unit Multifamily in Prime South Minneapolis 10% Cap

 Welcome to 2524 Portland Ave S, a fully updated six-unit building offering immediate cash flow and exceptional long-term stability. This property is perfect for both investors and owner-occupants looking to live rent-free while generating income from day one.

Featuring one efficiency, three 1-bedrooms, and two 2-bedroom units, this building has a strong rental history and historically low vacancy. All tenants are currently month-to-month, giving new ownership maximum flexibility 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Getting around

  • 77/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 90/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Minneapolis, MN
  • Neighborhood Phillips West
  • Zip Code 55404
  • Market Minneapolis St Paul

Points of Interest

  • Franklin Avenue

    1.11 miles

  • Cedar-Riverside

    1.17 miles

  • Government Plaza

    1.41 miles

  • West Bank

    1.51 miles

  • Nicollet Mall

    1.53 miles

  • Lake Street/Midtown

    1.54 miles

  • Warehouse District/Hennepin Avenue

    1.65 miles

  • Bassett Creek Valley

    1.83 miles

  • Royalston

    1.86 miles

  • Target Field - Platform 1

    1.87 miles

  • BP

    0.48 miles

  • Shell

    0.56 miles

  • Marathon

    1.02 miles

  • Speedway

    1.04 miles

  • Marathon Gas

    1.07 miles

  • Holiday

    1.34 miles

  • ChargePoint

    1.67 miles

  • Greenlots

    2.21 miles

  • Tesla Supercharger

    3.84 miles

  • Green Ramp

    0.23 miles

  • MCAD Parking Lot C

    0.29 miles

  • Blue Ramp

    0.35 miles

  • Employee Parking Ramp

    0.37 miles

  • Piper Parking Lot

    0.39 miles

  • 28th St Parking

    0.39 miles

  • Main Parking Ramp

    0.43 miles

  • Overflow Parking Ramp

    0.46 miles

  • Leaning Tower Parking Lot

    0.98 miles

  • Marquette Parking Ramp

    1.08 miles

  • Minneapolis International Hostel

    0.41 miles

  • Hilton Garden Inn Minneapolis Downtown

    0.96 miles

  • 300 Clifton

    1.00 miles

  • Holiday Inn Express Minneapolis Downtown Convention Center

    1.03 miles

  • Hotel Ivy, a Luxury Collection Hotel, Minneapolis

    1.06 miles

  • Millennium Hotel

    1.07 miles

  • Elliot Park Hotel

    1.08 miles

  • Hyatt Regency Minneapolis

    1.12 miles

  • Hilton Minneapolis

    1.14 miles

  • Normandy Inn & Suites

    1.15 miles

  • Truong Thanh Grocery Store

    0.49 miles

  • Dai Loi Oriental Grocery, Inc.

    0.49 miles

  • Hark's Food Market

    0.50 miles

  • Good Grocer

    0.52 miles

  • Shuang Hur Supermarket

    0.54 miles

  • Nicollet Halal Market

    0.57 miles

  • Evergreen Grocery & Deli

    0.58 miles

  • ALDI

    0.74 miles

  • Supermercado Morelia

    0.90 miles

  • Supermercado La Mexicana

    0.93 miles

Contact Listing Broker
Keynon Starks

AARE

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.