RealtyLens
for saleRealtyLens property overview
$960,000

2322 Garfield Ave

Minneapolis, MN, 55405
View more Minneapolis, MN property pages
8Beds
4Baths
4,973Sqft
$193$/sqft

Listing Notes

An exceptional investment opportunity awaits with this impeccable brick four-plex situated in a perfect high demand area, close to Uptown, Downtown, and the Chain of Lakes. Each of the four existing units feature, sun-drenched layout designed to attract and retain high-quality tenants, boasting modern updates, along with classic details. The spacious units also feature a large living room and dining room with built-ins, as well as two large bedrooms and window wrapped sunrooms. Ample dedicated off-street parking is available for tenants in your large dedicated parking lot. Many recent improvements including windows, mechanicals and much more. There is even potential for finishing unused lower-level space for a possible 5th or 6th unit. A perfect balance of immediate cash flow with significant value-add potential. This building is walkable to many restaurants, shops and grocery stores as well as public transportation. Dont miss out on this great opportunity!

Market Insights

Below nearby median-17%

$193/sqft vs a nearby median of $231/sqft.

Nearby median$231/sqft
Nearby properties7
Property size4,973 sqft
  • -17% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 4,973 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.16M$1.06M$1.26M · 50% confidence
vs ask $960k−$200k (−20.8%)

Asking price is about 20.8% below the fair value — likely to draw competing offers if it's still on market.

$231/sqft median across 7 tight comps × 4,973 sqft= $1.15M
  • Pre-war character+$29k +2.5%
  • Sparse street life−$17k −1.5%
Cumulative NYC adjustments+$11k+1.0%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-17% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
11 days
Last price change
No change recorded
Listed
May 1, 2026
Photos
45 photos
Property type
multi family
Status
for sale
Last sold
Feb 3, 2023 · $885,000

Features & Amenities

CarportCorner LotBasementTwo Or More StoriesRental PropertyInvestment OpportunityLakeShopping

Photos

Price History

May 8, 2026Initial record
$960,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.