651-353-3657
2413 1st Ave S, Minneapolis, MN for Sale
Apartments - FOR SALE
1/11
null | Request Cap Rate

2413 1st Ave S
Minneapolis, MN 55404
Whittier


HIGHLIGHTS

  • 2022 construction, minimal deferred maintenance
  • 6 units, 18 bedrooms, 15 bathrooms
  • Large three-bedroom layouts maximize rental income
  • Luxury finishes: quartz, stainless, custom cabinetry
  • In-unit laundry, private balconies, premium amenities | Walkable MCAD location supports consistent occupancy
  • Strong rental performance, flexible rental opportunity | Transit-oriented location near highways, public transportation

OVERVIEW

The James at MCAD presents a rare opportunity to acquire a new-construction (2022) boutique multifamily asset in one of Minneapolis’ most dynamic rental corridors. The property consists of 6 large-format units totaling 18 bedrooms and 15 bathrooms, designed to maximize rental efficiency through a roommate-friendly layout. Each unit features expansive 3-bedroom floor plans with 2 to 2.5 bathrooms, offering tenants modern, open-concept living spaces complemented by high-end finishes throughout. Interiors include quartz countertops, premium cabinetry, stainless steel appliances, in-unit laundry, and private balconies, creating a luxury rental experience rarely found at this scale. Built with a focus on long-term durability and minimal maintenance, the asset provides investors with true turnkey ownership and stable cash flow potential. The property has demonstrated strong income performance, with rents supporting a minimum of $15,000+ per month, highlighting its appeal to both student housing and young professional renters.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

6

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The James at MCAD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,493 SF

ZONING

R4

APN/PARCEL ID

34-029-24-13-0009

ASK ABOUT THIS PROPERTY

Cody SmithKiser GroupMore Info
651-353-3657

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Cody SmithKiser GroupMore Info
651-353-3657

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