651-353-3657
1623-1629 Marshall NE st, Minneapolis, MN for Sale
Apartments - FOR SALE
1/7
null | Request Cap Rate

1623-1629 Marshall NE st
Minneapolis, MN 55413
Sheridan


HIGHLIGHTS

  • 8 total units across two adjacent fourplexes
  • All units are oversized 5-bedroom, 3-bathroom layouts
  • Approximately 1,800–1,900 SF per unit | Central heating and air conditioning
  • Modern construction with quality finishes | Stainless steel appliances and granite countertops
  • Open-concept floor plans | Strong roommate appeal and consistent rental demand
  • In-unit washer and dryer | Prime Northeast Minneapolis location minutes from Downtown and the University of Minnesota

OVERVIEW

Kiser Group is pleased to present 1623–1629 Marshall Street NE, a rare opportunity to acquire two side-by-side fourplexes (8 units total) in the heart of Northeast Minneapolis. Built with today's renters in mind, every unit offers an exceptionally spacious 5-bedroom, 3-bathroom floor plan—an increasingly scarce product type that consistently attracts strong tenant demand from large households, roommates, and professionals seeking flexible living arrangements. The properties feature modern construction, open-concept layouts, high-end finishes, in-unit laundry, central air conditioning, stainless steel appliances, hardwood flooring, abundant natural light, and private outdoor space. The buildings were developed as modern multifamily assets with high-quality finishes and large floor plans of approximately 1,800–1,900 square feet per unit. Located in the desirable Sheridan neighborhood of Northeast Minneapolis, the property benefits from immediate access to downtown Minneapolis, the University of Minnesota, major employers, restaurants, breweries, and the Mississippi River corridor. Residents enjoy a highly walkable neighborhood with convenient access to public transportation, bike trails, and the vibrant Northeast arts and entertainment district. This offering presents investors with the opportunity to acquire a modern, low-maintenance asset featuring a highly differentiated unit mix that is difficult to replicate in today's development environment. The combination of oversized floor plans, contemporary finishes, and a premier Northeast Minneapolis location creates a compelling long-term investment with durable rental demand and attractive cash flow potential. This is an exceptional opportunity for investors seeking a turnkey multifamily asset with modern amenities, minimal deferred maintenance, and a unit configuration that stands out in the Twin Cities rental market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

8

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

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3

APN/PARCEL ID

15-029-24-11-0181

ASK ABOUT THIS PROPERTY

Cody SmithKiser GroupMore Info
651-353-3657

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

Cody SmithKiser GroupMore Info
651-353-3657

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