4849 5th Street NE, Minneapolis, MN 55421

New Listing
$389,900
Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 2,145 Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $389,900 List Date: 5/07/2026 Last Modified: 5/07/2026

Overview

Description

Excellent opportunity to add a strong investment property to your portfolio, with the added flexibility for owner-occupancy. Conveniently located near McKenna Park with quick access to University Avenue and I-694, this duplex offers excellent rental appeal in a highly accessible location. Both units feature the same functional floor plan in a mirrored layout, each with a tuck-under garage and a spacious lower-level storage/utility room for added convenience. For value-add investors, there is potential to finish the lower level, increase usable square footage, and possibly boost rental income. The property has seen more than $28,000 in improvements over the past year, including a new roof and new electrical panels and service. Fully rented with month-to-month leases and long-term tenants already in place, this is a solid opportunity for both investors and owner-occupants.

Listing Details MLS# 6797248

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1962
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1584
Above Ground SqFt
1584
Below Grd Total SqFt
561
Total SqFt
2145
Foundation Size
1584
Style
(MF) Duplex Side X Side
Total Finished Sqft
1584.00
Garage Stalls
2
Lot Dimensions
132 x 57
Acres
0.18
Assessment Pending
Unknown

Property Features

Accessible: None Basement: Concrete Block Construction Status: Previously Owned Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Rental License Type: Standard Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: One Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Water: City Water - In Street

Contract Information

Contingency
None
Original List Price
375000
ListPrice
389900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
4849
Street Name
5th
Street Suffix
Street
Street Direction Suffix
NE
Postal City
Minneapolis
County
Anoka
State
MN
Zip Code
55421
Complex/Dev/Subdivision
Roslyn Park

Assessments

Tax With Assessments
6005
Assessment Balance
0

Building Information

Finished SqFt Above Ground
1584

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
1321

Public Survey Info

Range#
24
Section#
26
Township#
30

Unit 1

Furnished?
No
Lease Expiration Date
2025-10-31
Leased?
Yes
Unit Number
Yes
Annual Rent
15600
Finished SqFt
792
Full Baths
Yes
Monthly Rent
1300
No. of Units Like This
2
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
ROSLYN PARK CITY OF COLUMBIA HEIGHTS LOT 28 & S 17 FT OF LOT 29, BLK 18, ROSLYN PARK
Listing City
Columbia Heights
Map Page
92
Municipality
Columbia Heights
School District
Columbia Heights
School District Phone
763-528-4500
Zip Plus 4
2029
Property ID Number
263024310047
Tax Year
2025
Tax Amount
6005
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Excellent opportunity to add a strong investment property to your portfolio, with the added flexibility for owner-occupancy. Conveniently located near McKenna Park with quick access to University Avenue and I-694, this duplex offers excellent rental appeal in a highly accessible location. Both units feature the same functional floor plan in a mirrored layout, each with a tuck-under garage and a spacious lower-level storage/utility room for added convenience. For value-add investors, there is potential to finish the lower level, increase usable square footage, and possibly boost rental income. The property has seen more than $28,000 in improvements over the past year, including a new roof and new electrical panels and service. Fully rented with month-to-month leases and long-term tenants already in place, this is a solid opportunity for both investors and owner-occupants.
Directions
Uni

Accessible

None
Yes

Basement

Concrete Block
Yes

Construction Status

Previously Owned
Yes

Exterior

Stucco
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Rental License Type

Standard
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water - In Street
Yes

Income and Expenses

Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Gross Income
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

Unit 1 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes
Listing Office: Edina Realty, Inc.
IDX
Last Updated: May - 07 - 2026
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