Minneapolis Homes with Three Or More Stories

Minneapolis Homes with Three Or More Stories

Welcome to Minneapolis, a vibrant city located in Hennepin County, Minnesota. Known for its beautiful lakes, cultural landmarks, and diverse neighborhoods, Minneapolis offers a high quality of life for residents and visitors alike.

If you're looking for homes with three or more stories in Minneapolis, you're in luck! This city boasts a variety of architectural styles, from historic brownstones to modern townhomes, that span multiple levels. Living in a multi-story home in Minneapolis allows you to enjoy stunning views of the city skyline, ample living space, and the opportunity to create a truly unique living environment.

Whether you're drawn to the bustling downtown area with its skyscrapers and urban amenities, or prefer the tree-lined streets of the residential neighborhoods, Minneapolis has something to offer everyone. From the trendy restaurants and shops of Uptown to the cultural attractions of the Minneapolis Institute of Art and the Guthrie Theater, there's always something new to explore in this dynamic city.

With a strong economy, top-rated schools, and a thriving arts and entertainment scene, Minneapolis is a fantastic place to call home. If you're in the market for a home with three or more stories, let Minneapolis be the backdrop for your next chapter.

Newest Minneapolis Homes with Three Or More Stories

$1,095,000
12 Beds ⋅ 5 Baths ⋅ 7106578 MLS
This five-unit building offers a desirable unit mix, featuring four 2 bedroom, 1 bathroom units and one spacious 4 bedroom, 1 bathroom unit on the top floor. Rich in character, the property showcases original hardwood floors and built-ins. Inviting front and back porches provide additional outdoor living space, enhancing the property's charm and appeal. All units were remodeled in last 10-12 years. as well as rare front and back porches Whether you're looking to expand your investment portfolio or own a well located multifamily property with strong rental potential, this building presents a great opportunity. Situated just minutes from Uptown, Downtown Minneapolis, and the Chain of Lakes, residents will enjoy easy access to neighborhood favorites including Lake of the Isles, Bde Maka Ska, the Midtown Greenway, Convenient access to public transportation and major roadways

2445 Aldrich Avenue S, Minneapolis

Listing courtesy of Pemberton RE.

$1
7063127 MLS
Dinkytown student housing investment, walking distance to U of M campus. 14 rental rooms, fully leased through 2026/2027 school year. Tenants responsible for all utilities (electric, gas, water, internet, trash) — low operating costs for owner. Zoned R5, offering strong future redevelopment potential. Property is one lot off the corner of 10th Ave SE & University Ave SE, and shares a rear parking lot with 1009 University Ave SE — also available. Acquiring both properties together, or in combination with the corner parcel, presents a compelling assemblage/development opportunity in one of the Twin Cities' most active student housing corridors. Part of larger 7-building Dinkytown portfolio; motivated seller reviewing offers as received.

314 10th Avenue SE, Minneapolis

Listing courtesy of Ashworth Real Estate.

$875,000
7086019 MLS
Excellent opportunity to acquire a fully occupied 10-unit apartment building with strong in-place cash flow. This well-maintained property features updated units, a newer roof, updated exterior wood components, replacement shakes, and newer windows, helping reduce future capital expenditures. Generating approximately $117,000 in annual gross rental income, this stabilized asset offers immediate income with additional upside through long-term ownership. All units are occupied, providing consistent cash flow from day one. Ideal for investors looking to expand their portfolio or complete a 1031 exchange.

2528 17th Avenue S, Minneapolis

Listing courtesy of Compass.

$899,900
16 Beds ⋅ 6 Baths ⋅ 7077239 MLS
2205 Pleasant Avenue/215 West 22nd Street is a 6-unit apartment building consisting of four 3-bedroom units and two 2-Bedroom units on the top floor. Historic apartments near the Wedge and Whittier neighborhoods. This property features large living room and dining spaces, ample closets for storage, and covered communal porches and balconies to enjoy the seasons. This property is also close to the bus line. The apartments differ and can feature ceiling fans, hardwood floors, updated kitchen cabinetry, large pantry space, dishwashers, or fireplaces. Newer roofs, modern boilers, newer hot water heaters and updated electric.

2205 Pleasant Avenue, Minneapolis

Listing courtesy of Metro Group Real Estate.

$1,145,000
11 Beds ⋅ 11 Baths ⋅ 7071343 MLS
3537 11th Ave S, Minneapolis, MN 55407 presents an exceptional opportunity to acquire a fully occupied 11-unit multifamily property in one of South Minneapolis’ strongest rental corridors. The building consists of spacious one-bedroom apartments and has maintained a long history of 100% occupancy with consistent tenant demand and active waiting lists, demonstrating the area’s strong need for affordable workforce housing. Located in the highly desirable Powderhorn Park neighborhood near parks, public transit, shopping, restaurants, and universities, the property attracts stable long-term renters including young professionals, students, healthcare workers, and service employees. The asset features updated units, controlled access, on-site laundry, security system, on-site parking in addition to abundant free street parking, and a strong operational history, providing dependable cash flow with additional upside through future rent growth and continued improvements. Current rents are below market, providing investors with a clear value-add opportunity to increase income and maximize returns through strategic rent adjustments while maintaining strong occupancy. Comparable multifamily properties in the immediate area continue to experience low vacancy rates and strong investor demand due to the neighborhood’s affordability, walkability, and accessibility, making this an outstanding opportunity for investors seeking a stabilized, income-producing asset with long-term appreciation potential in a proven Minneapolis rental market.

3537 11th Avenue S, Minneapolis

Listing courtesy of Universal Realty LLC.

$1,950,000
4 Beds ⋅ 2 Baths ⋅ 7051384 MLS
New construction investment opportunity. Nearly identical to the sale of the buildings across the street at 814 6th St SE except these are 4BR,2BA units. Three units have been rented for August 1 at $2600 unit. Six total units, two buildings with 3 units each, all new construction with 4BRs, 2BA and Laundry in each unit, total 24 BRs, 12 BAs. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 811 & 815 6th Street SE: Common Lot Development. Both 811 and 815 6th Street SE exist on a single parcel under one PID and were developed as a Common Lot Development in the Marcy-Holmes neighborhood. Together, 811 & 815 6th Street SE form a unified six-unit multifamily asset on a single PID, built and renovated to modern 2020s standards. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (811) and One slab-on-grade new construction triplex (815). A total of six modern, code-compliant residential units were created on the shared lot. Both properties were built to current building, mechanical, electrical, plumbing, zoning, and life-safety standards, including separate utility services, fire systems, and modern energy-efficient components. 811 6th Street SE – Full Gut Renovation & Triplex Conversion: 811 began as an older duplex and was transformed into a three-level triplex through a complete gut renovation and addition. Other than the foundation and the first- and second-floor exterior walls, the structure is essentially new construction. Full interior demolition and rebuild. Added a third story to convert the duplex into a triplex. Constructed a three-story treated-wood rear deck. * 815 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 815 was built as a brand-new slab-on-grade triplex, designed to complement 811 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 811 to maintain continuity across the parcel. *Structural & Exterior:Ground-up slab-on-grade new construction. LP SmartSide exterior siding. New exterior paint. Pre-finished soffit & fascia. Architectural asphalt shingle roof. Batt + poly insulation package. Single-hung Vector windows, matching 811. Interior staircase access to each unit. *Mechanical, Electrical & Plumbing: New water and new sewer service runs. Three separate electrical services/meters (one per unit). Three independent forced-air heating and cooling systems (Magic-Pak) Three 40-gallon electric water heaters. All electric appliances (ranges, dryers, etc.), consistent with 811. New plumbing system throughout.* Interior Construction & Finishes: LVP flooring throughout. Kitchens and bathrooms identical in finish level to 814, including: Legacy soft-close cabinetry. Quartz countertops. Tile backsplash. Stainless steel appliances. Tile shower surrounds. New trim, interior doors, and full interior paint/enamel. Stackable washer/dryer hookups in each unit. *Both buildings offer: Separate utilities, Updated life-safety systems, Uniform design language and material quality, Low-maintenance exterior finishes.

811-815 6th Street SE, Minneapolis

Listing courtesy of Morgan And Trust Realty.

$20
7046212 MLS
High visibility corner mixed-use commercial space for lease with well-established neighboring businesses. Ample shared parking in adjacent & rear lot. Fantastic public presence with great bike and foot traffic. Floor to ceiling windows on south and west side building facing 28th St. offering a ton of natural light unto the space.

2743 Lyndale Avenue S Unit 1B, Minneapolis

Listing courtesy of Assembly MN LLC.

$449,000
7049366 MLS

1001 Penn Avenue N, Minneapolis

Listing courtesy of NAI Gateway Commercial.

$985,000
9 Beds ⋅ 10 Baths ⋅ 7043063 MLS
Step into a rare investment opportunity with this well-cared-for 10-unit property, each offering a 1-bedroom, 1 bath layout designed for comfort and easy living. Tenants will appreciate the beautifully maintained building and shared laundry facilities. Included is the adjacent lot PID #0302824110157 which adds valuable flexibility-perfect for outdoor amenities, or future development. This property is move-in ready for its next owner and is ideal for a hands-off investor, or owner looking to expand their portfolio. Pride of ownership is evident throughout, making this a solid, reliable choice with lasting appeal.

3125 3rd Avenue S, Minneapolis

Listing courtesy of AXEN Realty.

$2,500,000
7037156 MLS
Attractive 21-unit in the highly sought after Whittier Park neighborhood of Minneapolis, Minnesota. All brick and stucco exterior built in 1966 with great curb appeal. The unit mix features two well appointed 2-bedrooms, fifteen large 1-bedrooms, and four studios. Most of the apartments have been renovated including newer kitchens, bathrooms, luxury vinyl plank flooring, lighting fixtures, and updated appliance packages. The property has newer double pane vinyl replacement windows, two energy efficient hot water boilers, and newer coin operated laundry machines. Close proximity to the Minneapolis College of Art & Design (MCAD), Mpls. Institute of Arts Museum, and downtown Minneapolis. Proforma NOI $187,179 with a cap rate 7.42%.

2637 Pleasant Avenue, Minneapolis

Listing courtesy of Apartment Cash Flow, Inc..

$1,300,000
14 Beds ⋅ 11 Baths ⋅ 6813799 MLS
1900 Vincent Ave N, Minneapolis presents a compelling opportunity to acquire a well-maintained 13-unit apartment building with strong fundamentals and upside potential. Within the current owner’s ownership, most major CapEx items, including the roof (2013), the boiler (2019) the water heater (2019), and windows (2018), have all been replaced. In 2024, solar panels were added to the roof, adding another income-generating feature of the building, reducing near-term maintenance concerns, and improving long-term operating efficiency. A current office/flex space offers potential for additional rental income as is, or the ability to convert it to another unit. 3 garages are being used by the seller, these could also be rent out.

1900 Vincent Avenue N, Minneapolis

Listing courtesy of Keller Williams Premier Realty.

$799,000
7004216 MLS
Welcome to 3040 Lyndale Ave S in the heart of the highly sought-after Lyn-Lake neighborhood (CM3 Zoning). This is not just real estate — this is a high-visibility corner asset positioned for strong cash flow, brand presence, and long-term upside. Located at Lyndale & 31st, the property offers exceptional street exposure, high daily traffic, abundant on-site parking across both parcels, attached garage stalls, and a flexible multi-level layout ideal for a wide range of uses. The layout is perfectly suited for a flagship cannabis dispensary with built-in separation for retail and operations, plus the opportunity to create a discreet, speakeasy-style entrance leading to a lower-level consumption lounge — a rare and highly desirable experiential concept. Beyond cannabis, the asset easily translates into **multiple high-demand concepts**, including: -Suite-style salon with café component -Full-service salon with rental booth income -Elevated vintage café + curated bookstore -Boutique office or creative headquarters -Wellness, medical, or detox facility (inpatient/outpatient) - One-of-a-kind boutique bed & breakfast, offering a unique stay experience in one of Minneapolis’ most vibrant districts For investors, this is where it gets compelling — the property’s layout and zoning make it easy to lease, reposition, or multi-tenant for diversified income streams. And for those thinking long-term: generate income now while planning a future redevelopment to fully unlock the potential of this prime corner site. Strong parking. Multiple revenue paths. Opportunities with this level of flexibility, visibility, and upside rarely come to market. Secure your footprint in one of Minneapolis’ most active and evolving corridors.

3040 Lyndale Avenue S, Minneapolis

Listing courtesy of Northstar Real Estate Associates.

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