In any given month, Minneapolis accounts for approximately 50% of duplex, triplex and fourplex sales in the 7-county metro area. It makes sense then that as Minneapolis goes, so too goes the metro market.

June saw 47 small multifamily property owners sell.  These owners netted an average of 96.2% of their original asking price. Citywide, the average sales price finished at $449,373 and the median at $423,000. While both are down slightly from last month, as well as from June 2025, it’s important to keep in mind it’s too small of a sample size to draw conclusions.

Duplexes spent an average of 40 days on the market before selling, and a median of 30. When those tallies include any previous time on the market, the average swelled to 70 days, and the median to just 36 days.

The month’s high seller was a King Field neighborhood triplex. Featuring a total of 5 bedrooms and 3 bathrooms and a track record as an Airbnb, the building closed at $755,000. The value of the month was found in the Harrison neighborhood, where a 4 bedroom, 2 bathroom duplex closed at $233,790. The Seward neighborhood lead the way with 3 closed sales. The Tangletown, St Anthony East, Harrison, Powderhorn Park, Standish and Diamond Lake neighborhoods managed to finish in a 6 way tie for second.

Ninety-three new listings came on the market in June. This was down from May’s 108. Nonetheless, there were 232 actively listed duplexes, triplexes and fourplexes for buyers to choose from. This represented a 27.5% year-over-year increase in inventory.

Logan Park and Whittier lead the way, each chipping in 6.

A Lowry Hill East fourplex with 11 bedrooms and 5 bathrooms, as well as beautiful period woodwork and stained glass topped the new inventory, listing at $1,175,000. A 3 bedroom, 2 bathroom house conversion in the city’s Hawthorne neighborhood offered the month’s most affordable alternative, listing at $190,000.

In all, the city saw a 5 month supply of inventory. This tips slightly toward sellers, but is more likely balanced.