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2801 Oakland Avenue, 
Minneapolis, MN 55407

$575,000


6

Beds


4

Baths


4,574

Sq Ft


Multi-Family

Active

Listed by

Jacob Milton

Keller Williams Premier Realty Lake Minnetonka

952-475-0111

Last updated:

January 4, 2026, 11:44 PM

MLS#

7002981

Source:

ND FMAAR

About This Home

2801 Oakland Avenue

This unique offering features two separate homes on one shared lot, creating a rare and flexible investment opportunity. The first property, 627 E 28th Street, is a multi-family home with approximately 1,400 finished square feet and includes two 1-bedroom, 1-bath units arranged in an up-and-down layout. The upper unit is currently leased as a long-term rental, while the main-level unit operates as a short-term rental. The second property, 2801 Oakland Avenue, is a single-family home zoned R5 with 2,129 finished square feet, offering 4 bedrooms and 2 bathrooms and currently used for short-term rentals by the owner. Both homes are set up for easy rental management with separate, secure entry access for each unit. Furniture may be purchased separately. The Oakland Avenue home has seen extensive updates, including renovated kitchen and bathrooms, updated flooring, vinyl-clad replacement windows, and a newer roof. All bedrooms feature electronic key access, and the lower-level bedroom also works well as a flexible living or family room space. The 28th Street duplex has also been updated throughout, with refreshed kitchens and baths, refurbished windows, window treatments, a newer boiler, and a new roof. Both properties are truly turnkey, with a proven track record of strong rental performance, boasting nearly 300 guest reviews and an exceptional 4.92-star average rating on Airbnb. Additional features include a shared two-car detached garage and a shared parking lot. Any future lot division would require city approval. This is an outstanding opportunity for investors or owner-occupants looking to generate income in multiple ways. Schedule your tour today!

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1917

Price Summary

575,000

$125 per Sq. Ft.

MLS #:

7002981

Last Updated:

January 4, 2026, 11:44 PM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

4,574 Sq. Ft.


Structure

Structure

Building Area:

4,574 Sq. Ft.

Year Built:

1917


Lot

Lot Size (Sq. Ft):

4,791


Finances & Disclosures

Finances

Price:

$575,000

Price per Sq. Ft:

$125 per Sq. Ft.

Source:ND FMAAR
The information being provided by Fargo-Moorhead Area Association Of REALTORS® Mls is for the consumer’s 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 is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Fargo-Moorhead Area Association Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.