Located in the highly sought-after Kingfield submarket, 3816 Nicollet Avenue is a stabilized 18-unit multifamily asset already enrolled in the Minneapolis 4D Affordable Housing Program, providing an immediate ~75% property tax reduction and embedded NOI upside. The property features a strong workforce-oriented unit mix of 3 studios and 15 one-bedrooms across 6,742 SF, on-site parking, and was built in 1966 on a 0.35-acre R2B-zoned parcel. Consistently high occupancy is supported by excellent walkability and proximity to Eat Street, Uptown, major transit corridors, and key employment hubs. Additional upside remains through selective unit upgrades, amenity enhancements, and operational efficiencies layered on top of the built-in tax savings already in place.