1009 University Ave SE - Apartments FOR SALE


Minneapolis, MN 55414- Dinkytown
$989,000 USD
406-291-9103
1009 University Ave SE, Minneapolis, MN for Sale
$989,000 USD
Apartments - FOR SALE
1/41
null | Request Cap Rate

1009 University Ave SE
Minneapolis, MN 55414
Dinkytown


HIGHLIGHTS

  • University of Minnesota Location: Gateway to Dinkytown & the University of Minnesota
  • High-Demand Corridor: Exceptional visibility and long-term rental stabilit
  • Strong Occupancy History: Consistent full occupancy with UMN student renters
  • Tenant-Paid Utilities: Low operating expenses and easy management
  • Recent Capital Improvements: New roof, New water heaters
  • Amenities: On-site parking and shared laundry

OVERVIEW

A rare chance to acquire a furnished 9-bedroom, 4-bath property at the gateway to Dinkytown and the University of Minnesota. This high-demand student housing corridor offers exceptional access and long-term stability. The asset has a consistent record of near-full occupancy with strong rents, on-site parking, and shared laundry—making it straightforward to operate. Tenants have historically paid all utilities. Recent capital improvements include a new roof and new water heaters. Shown by appointment only. For more information or to schedule a tour, contact MaryPat McNicoll at (406) 291-9103.

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

12

PRICE/UNIT

$82,417

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R5

APN/PARCEL ID

24-029-24-31-0054

ASK ABOUT THIS PROPERTY

MaryPat McNicollMRG Realty PartnersMore Info
406-291-9103

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MaryPat McNicollMRG Realty PartnersMore Info
406-291-9103

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.