Here are some Triplex & Fourplex investment options for you. Interested in a property? Fill out this inquiry so that we can get moving on it for you!
Disclaimers: Any claims of cashflow and potential returns are examples only. We are making no claims of actual incomes or returns. You are responsible for doing your own research and due diligence and should consult with an attorney and accountant as part of that process.
The real estate market is fluid and ever changing. Some of the properties posted on here may no longer be available, so reach out to our team right away to confirm if a property you are interested in is still available. Many of these properties are on the Multiple Listing Service and photo credit goes to the listing agent providing the listing. These photos are not our own.
List Price: $350,000
Potential Cashflow: $723/mo
Potential Cash On Cash: 8.93
Additional Information:
This property is a fourplex located close to Hamline and Concordia University. The home is in good condition with beautiful floors, nice kitchens, and lovely stained glass windows. Good cash flow and cash on cash.
List Price: $365,500
Potential Cashflow: $826/mo
Potential Cash On Cash: 10.31
Additional Information:
Value add 4plex that hits the 1% rule and recently has over $60k of updates. This 4 BR, 4 BA, 3780 sq ft property has recently had new flooring, appliances, & cabinets.
Each unit is rented at market rate of $895 per unit (FULLY leased) and tenants pay their own gas and electric. All units are studio apartments with the potential to add a 5th unit on the attic level (see photos) or add some finished square footage to basement.
Located in the Payne-Phalen neighborhood of St. Paul, tenants will love close proximity to downtown St. Paul. In addition, Lake Phalen is nearby with great swimming, fishing, canoeing/kayaking, and great trails for walking & biking. Lots of great local shops and food as well.
List Price: $179,900
Potential Cashflow: $711/mo
Potential Cash On Cash: 17.11
Additional Information:
This triplex offers great rental potential due to having two units with two bedrooms and one unit with three bedrooms. It is also located within walking distance of Saint Cloud State University. I will be reaching out to the listing agent to verify that the listed rental rates are accurate to their current rental rates.
List Price: $230,000
Potential Cashflow: $872/mo
Potential Cash On Cash: 16.39
Additional Information:
Located in just south of Division st in Saint Cloud MN, this location is perfect for that young professional working downtown.
Both units are currently leased and 1 well below market value due to him doing contract work for the owner. This tenant is on a month to month lease. The other tenant has about 6 months left and is paying market rate.
List Price: $338,900
Potential Cashflow: $762/mo
Potential Cash On Cash: 9.74
Additional Information:
Nestled up on top of a hill overlooking Saint Paul, this property has a double lot with plenty of charm. move-in ready. This 5 bedroom and 3 bathroom triplex is in a convenient location to commute to and from work.
List Price: $510,000
Potential Cashflow: $1310/mo
Potential Cash On Cash: 11.11
Additional Information:
In the heart of downtown Duluth, and blocks away from Lake Superior...this location will not disappoint! Steps away from the city's best restaurants, shops...this location is exactly what you want in an investment property. Minutes walking distance from Lake Superior will provide entertainment all year round.
Market rental rates are around $5300 for all units combined. This property would make a fantastic STR!
List Price: $415,000
Potential Cashflow: $906/mo
Potential Cash On Cash: 9.45
Additional Information:
Located minutes east of downtown Saint Paul, this property's location is perfect for the commute to work. This property is also located minutes West of Maplewood...providing some of the area's best shopping, dining, and entertainment.
This 4 plex currently rents out for $4000 per month, market rents show $4200+ for this area. Units are move-in ready and do not need a lot of touches up to be rented at current market rents. All units are rented out currently and are on month-to-month leases.
List Price: $424,900
Potential Cashflow: $1107/mo
Potential Cash On Cash: 10.26
Additional Information:
This property is a 6 bedroom, 4 bathroom St. Paul 4 plex with current rents below market. 2 of the units are 2 BR and the other 1 are 1 BR. According to the listing agent, it is one of the most well-cared-for properties you will see. Wall-mounted A/C with parking off the back. Large unfinished basement with Separate storage for each.
Tenants are on month-to-month leases and are all up to date on rent. Units 2 and 4(one-bedroom units) are part of the 4D program (affordable housing offering property tax reduction).
Security comes with the property and has a monitor in the back room. The owner does not own a washer/dryer downstairs. Units are under-rented with a total rent of $3650 currently($925, $1100, $895, and $730). Rents could be $4200($1200, $1200, $900, $900, and most likely can push to $4400. Owner pays 5th electric meter for common spaces.
List Price: $570,000
Potential Cashflow: $954/mo
Potential Cash On Cash: 7.24
Additional Information:
"I'd like to invest in an up-and-coming neighborhood, a hot place with art galleries, studios, artisanal food shops, craft breweries, dive bars, etc." This is a spot for you! This triplex has 9 bedrooms, 3 bathrooms, and 3,365 square feet!
This is a duplex + single family with one ID and on one lot as a legal triplex. Each unit is updated with kitchen cabinets, counters, tiled back splash, tiled shower, with original millwork and charm. The main floor unit has 3 bedrooms, the upper unit has 4 bedrooms on the 2nd & 3rd floors, a single family has 2 bds, one on each floor. The 2nd-floor unit is vacant.
NOTE: Zoning is industrial and requires a commercial loan.
List Price: $610,000
Potential Cashflow: $1160/mo
Potential Cash On Cash: 10.02
Additional Information:
Located just blocks east of the very sought-after Uptown district, this property is in a prime location. With easy access to all the best local shops, restaurants, and entertainment. There are numerous biking, hiking trails, and lakes providing the perfect opportunity for the family to enjoy all of Minnesota's 4 seasons.
Current rents are $5200 per month and market rents are closer to $5400+. 3 of the 4 units are currently occupied. According to the listing agent, tenants pay all utilities.
Why invest in Minnesota? As a whole, Minnesota continues to have low unemployment rates, with the 14th lowest rate in the United States. Currently they are at a rate of 4.3%, which is 31% lower than the national average. Minnesota also boasts the 11th highest median household income in the US, and 19% higher than the national average. The area also boasts 16 of Fortune 500's largest companies, including 5 in the top 100. They also currently have the 6th lowest rental vacancy rate in the United States at 3.3%.