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Minneapolis › Powderhorn Park

Powderhorn Park

Minneapolis neighborhood. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
5
Median price per unit
$142K
Typical cash flow
−$149
median per month, 20% down
Crime, last 12 months
62 per 1,000
524 incidents · −7% vs. prior year
Renter households
44%
Median gross rent
$1,329
all unit sizes
Median household income
$74K
Rent rules
No cap
Rents can reset to market at renewal

Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities). Per-resident rates use 2020 Census population. Census figures: ACS 2020–2024 5-year, combining 2 tract(s) centered in this neighborhood; medians are household-weighted averages of tract medians.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

Duplex
+$846/mo cash flow
Cash flows · cap 10.1% · 20% down
$276,000
2 units6 bd2 ba2,678 sqft
3010 15th Ave S, Minneapolis
Powderhorn Park
Rents: 10 rentals within 1.5 mi
Triplex New listing
+$75/mo cash flow
Cash flows · cap 6.6% · 20% down
$530,000
3 units9 bd3 ba3,649 sqft
3154 15th Ave S, Minneapolis
Powderhorn Park
Rents: 6 rentals within 3 mi

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 3010 15th Ave S $846/mo
  2. 3154 15th Ave S $75/mo
  3. 3048 13th Ave S serious flag −$149/mo
  4. 3504 Cedar Ave S serious flag −$252/mo
  5. 3505 18th Ave S serious flag −$427/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 3010 15th Ave S 5.21× stocks
  2. 3154 15th Ave S 2.58× stocks
  3. 3048 13th Ave S serious flag 2.09× stocks
  4. 3504 Cedar Ave S serious flag 1.55× stocks
  5. 3505 18th Ave S serious flag 1.31× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 3010 15th Ave S The seller bought for $1 in Jul 1994, so they can take a lower offer and still come out well ahead.
  2. 3504 Cedar Ave S serious flag The seller bought for $33,500 in Jan 2009, so they can take a lower offer and still come out well ahead.

Proceed with caution

Decent numbers, serious flags.

  1. 3504 Cedar Ave S Ask is roughly $84K above our break-even price at 20% down

All listings

5 listings. Filter by price or units, or switch the down payment.

  1. 3010 15th Ave S

    $276,000 · 2 units
    Cash flows
    Cash flow $846/mo Cap 10.1% Break-even price $435K Yr 30 vs stocks 5.21× Positive in yr 1

    Decent rents and updated big systems, but worn interiors and a long listing time mean you should negotiate down and inspect the roof and wiring.

  2. 3154 15th Ave S

    $530,000 · 3 units
    Cash flows
    Cash flow $75/mo Cap 6.6% Break-even price $544K Yr 30 vs stocks 2.58× Positive in yr 1

    A well-kept triplex that only barely pencils at the ask, and only if the vacant 3-bed fills well above our estimate, so verify the rents and the heat setup.

  3. 3504 Cedar Ave S

    $280,000 · 2 units
    Close
    Cash flow −$252/mo Cap 5.3% Break-even price $233K Yr 30 vs stocks 1.55× Positive in yr 9

    A tidy-looking duplex that is priced above what the rents support, so it only works at a meaningful discount.

    Ask is roughly $84K above our break-even price at 20% down

  4. 3048 13th Ave S

    $427,500 · 3 units
    Close
    Cash flow −$149/mo Cap 6.0% Break-even price $399K Yr 30 vs stocks 2.09× Positive in yr 4

    A decent three-unit layout in a good location, but it loses money at $427,500 and only pencils near $399K.

    Price is well above what the rents support; negative cash flow at ask.

  5. 3505 18th Ave S

    $360,000 · 2 units
    Overpriced
    Cash flow −$427/mo Cap 5.0% Break-even price $280K Yr 30 vs stocks 1.31× Positive in yr 11

    Charming duplex, but $360K is about $80K over what the rents support, and the third unit is a hope, not income.

    Third unit is unfinished and unpermitted; its income is speculative and may not be legal

Monthly cash flow

−$500$0$500$1,000break-even3010 15th Ave S$8463154 15th Ave S$753048 13th Ave S−$1493504 Cedar Ave S−$2523505 18th Ave S−$427

What's changing

Nothing curated for this neighborhood yet.