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This home will be available soon!

38964 12th Avenue

North Branch, MN 55056

– beds
– baths
3,960 sqft
$136 per sqft
1984 build
– on site

Fantastic opportunity for owner-occupants or savvy investors! This unique triplex features three units plus a non-conforming 4th unit, offering a fantastic opportunity for additional rental income or multi-generational living. Property layout includes: Unit 1: Bright and spacious 3-bedroom, 1-bath unit — ideal for families or long-term tenants. Unit 2: Efficient and inviting 1-bedroom, 1-bath — perfect for singles, couples, or short-term stays. Unit 3: Comfortable 2-bedroom, 1-bath unit — a reliable income-producing rental. Remodeled in 2022. Unit 4: Non-conforming 2-bedroom, 1-bath unit — currently rented, providing extra income. Remodeled in 2023. Each unit has its own charm, and the property offers strong rental history with value-add potential. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property is packed with upside..

Listing courtesy of NORTHSTAR / Patrick Walsh / Twin Cities Real Estate

Last checked: Checking… • Last updated Apr 30, 2025 •

MLS# 6710254 —

The Building

Year Built:

1984
New Construction:

false
Age Of Property:

41
Construction Materials:

Brick/Stone, Stucco
Construction Materials Desc:

Block
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

2048.0000
Basement:

Block, Daylight/Lookout Windows, Egress Window(s), Finished, Single Tenant Access
Basement:

true
Foundation Area:

2048
Foundation Dimensions:

32 x 76
Building Area Total:

4096
Above Grade Finished Area:

2048
Below Grade Finished Area:

1912

Room Dimensions

Living Area:

3960

Location

Directions:

Hwy 35 north, Exit on Hwy 95 east, North on Oakveiw Ave (Left), East on Elm st (Right), North on 12th Avenue home is on the left.
Latitude:

45.51326
Longitude:

-92.988458

The Property

Parcel Number:

160041102
Property Type:

Residential Income
Property Subtype:

Triplex
Additional Parcels:

false
Lot Size Area:

0.23
Lot Size Dimensions:

100 x 100
Lot Size Units:

Square Feet
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5738
Tax With Assessments:

5738.0000

Heating & Cooling

Heating:

Baseboard

Utilities

Electric:

Circuit Breakers
Sewer:

City Sewer/Connected

Schools

High School District:

North Branch

The Community

Subdivision Name:

Gregors Add
Assessment Pending:

No

Parking

Garage Spaces:

3
Garage Door Height:

7
Garage Door Width:

16
Garage Dimensions:

33 x 21
Garage SqFt:

693

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
4/30/25 Apr 30, 2025	Coming Soon	NORTHSTAR	$539,000

Multifamily

$539,000

Listing provided by broker:

Patrick Walsh

Twin Cities Real Estate

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This multifamily is located in North Branch, MN 55056. 38964 12th Avenue is a 3,960 square foot multifamily with – beds and – baths that has been on Estately for 0 days. This multifamily is in the attendance area of North Branch Area High School, North Branch Area Middle School, Distance Learning Program, and Sunrise River Elementary School.

Listing Courtesy of: NORTHSTAR and Twin Cities Real Estate.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.