RealtyLens
for saleRealtyLens property overview
$475,000

318 7th Ave NE

Minneapolis, MN, 55413
View more Minneapolis, MN property pages
5Beds
3Baths
1,900Sqft
$250$/sqft

Listing Notes

Well cared for triplex in the heart of NE Mpls. Walk to Boom Island, the Mississippi riverfront, and the breweries, restaurants, and galleries Northeast is known for. All three units are in great condition with newer mechanicals, newer roof, and updated kitchens. Great opportunity to house hack and build equity from day one. Minimum 24-hour notice required for all showings.

Market Insights

Below nearby median-6.4%

$250/sqft vs a nearby median of $267/sqft.

Nearby median$267/sqft
Nearby properties8
Property size1,900 sqft
  • -6.4% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,900 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$520k$473k$567k · 50% confidence
vs ask $475k−$45k (−9.5%)

Asking price is about 9.5% below the fair value — likely to draw competing offers if it's still on market.

$267/sqft median across 8 tight comps × 1,900 sqft= $507k
  • Pre-war character+$13k +2.5%
Cumulative NYC adjustments+$13k+2.5%

Property Read

FreshnessVerification recommended

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

Market Position-6.4% 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 Read1 item 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
5 days
Last price change
No change recorded
Listed
May 7, 2026
Photos
22 photos
Property type
multi family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$475,000for 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.