3343 15th Avenue S, Minneapolis, MN 55407

• 7 beds |
• 5 baths

Property Description

3343 15th Avenue South is a classic up-down five-unit apartment building built in 1905 and ideally positioned directly across from Powderhorn Park, the Powderhorn Park Recreation Center, public pool, and adjacent parking lot. Located in a proven rental corridor of South Minneapolis, the property features spacious units with hardwood floors, high ceilings, strong natural light, and a history of consistent occupancy. Well-maintained through attentive ownership and professional management, the property has benefited from consistent care and investment over time. The asset generates attractive current cash flow while offering significant value-add potential through improved operational efficiencies. Offered at $580,000 with a pro forma cap rate of 8.6%, the property presents an excellent opportunity for a first-time investor or owner-operator seeking a well-located multifamily asset with stable income, strong rental demand, and substantial upside potential in one of Minneapolis' most established neighborhoods.

Listing Status:

Active

Data Last Updated:

July 22, 2026 at 5:18AM

Listing Office:

Matthews Real Estate Investment Solutions : 612-605-8156

MLS ID:

7093995

Interior

• Heating: Boiler

Exterior

• General: Stucco
• Parking: Detached Garage

Construction

• General: Brick/Mortar

Location

• Originating MLS: northstar
• School District: Minneapolis
• County: Hennepin

Lot

• Zoning: 0202824130007
• Current Use: Residential

Utilities

• Utilities: Electric Separate
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar