2631 Columbus Ave - Apartments FOR SALE


Minneapolis, MN 55407- Midtown Minneapolis
$3,900,000 USD
651-900-4386
2631 Columbus Ave, Minneapolis, MN for Sale
$3,900,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

2631 Columbus Ave
Minneapolis, MN 55407
Midtown Minneapolis


HIGHLIGHTS

  • Fully Stabilized 33-Unit Asset with large one-bedroom units
  • RUBS in Place for utility reimbursement and improved cash flow
  • Excellent Healthcare Location near Allina Health, Abbott Northwestern, and major medical employment hubs
  • 4D Potential offers substantial property tax savings upside
  • Majority of Units Remodeled with updated interior finishes. Large Rear Parking Lot provides additional parking income potential
  • Brand New Roof installed June 2026. Strong CapEx Profile with major building systems recently improved or in excellent condition

OVERVIEW

View property homepage here: https://2631columbusave.sharplaunch.com/ Columbus is a fully stabilized 33-unit apartment community consisting entirely of large one-bedroom units in a prime Minneapolis healthcare corridor. The property benefits from a RUBS program in place, allowing ownership to recover a portion of utility expenses, as well as a majority of units remodeled and major capital improvements already completed, including a brand new roof installed in June 2026. Additional upside exists through potential 4D tax savings, increased parking income from the large rear lot, and storage income opportunities. For more info and to schedule a property tour please reach out to Rocco Curella - (651) 398-0291

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

33

PRICE/UNIT

$118,182

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

OR2

APN/PARCEL ID

35-029-24-32-0315

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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