319 Vincent AVE N new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55405
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,924 sqft
Price per Sqft $218
Subdivision Bryn - Mawr
MLS Listing ID 6711073
Year Built 1914
Annual Tax Amount $8,763
Tax Year 2025
Lot Size 7,405 Sqft
Property Sub-Type Duplex Up and Down
Property Description
**Multiple Offers- highest and best due Monday at 6:00pm***
Incredible Investment Opportunity with Assumable 2.25% Mortgage! This charming, fully updated up/down duplex offers both immediate cash flow and long-term upside—perfect for savvy investors. Take advantage of an ultra-low assumable mortgage rate (for qualified buyers) and save hundreds each month on interest while your tenants cover the mortgage. The property features two spacious, sun-filled units, each with 3 bedrooms, 1 bathroom, large kitchens, formal dining rooms, walk-in closets, mudrooms, in-unit laundry, and ample storage. Both units have been tastefully updated while preserving vintage charm, and offer private outdoor space surrounded by mature landscaping. With layouts that live like a single-family home, this duplex attracts high-quality tenants and commands strong rents. Currently generating $4,645/month in gross rental income, the lower unit rents for $2,495 and will be available July 1, providing owner-occupant flexibility or the chance to increase rents. The upper unit is rented at $2,150/month through August 1, with no intent to vacate. The landlord pays all utilities except electric and internet, keeping overhead predictable and manageable. For investors seeking added value, the dry, clean basement with full-height ceilings offers potential to expand the lower unit by adding bedrooms and bathrooms. The oversized detached garage (currently used for storage) also presents an opportunity to convert into an ADU, further increasing income. Located in a quiet, high-end residential pocket across from Theo Wirth Parkway, with quick access to downtown, bike trails, and major highways—this is a wonderful Bryn-Mawr neighborhood with strong appreciation potential.
Location
State MN
County Hennepin
Rooms
Family Room Other
Interior
Heating Boiler
Exterior
Parking Features Carport,Detached,More Parking Offsite for Fee
Garage Spaces 2.0
Roof Type Age Over 8 Years
Building
Story Two
Foundation 1657
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Wood Siding
New Construction false
Schools
School District Minneapolis
Others
Virtual Tour https://app.press-play.media/sites/kjroaxo/unbranded