403 6th St SE - Apartments FOR SALE


Minneapolis, MN 55414- Marcy-Holmes
$600,000 USD
651-353-3657
403 6th St SE, Minneapolis, MN for Sale
$600,000 USD
Apartments - FOR SALE
1/1
null | 7.26% Cap Rate

403 6th St SE
Minneapolis, MN 55414
Marcy-Holmes


HIGHLIGHTS

  • Located in the highly desirable Marcy-Holmes neighborhood, one of Minneapolis' premier multifamily investment markets. | Minutes from the University
  • Excellent unit mix featuring two 4-bedroom, 2-bath units and one 3-bedroom, 1-bath unit, totaling 11 bedrooms. | Premier long-term investment
  • Stable in-place cash flow with additional upside through strategic rent growth and operational efficiencies. | Strong long-term appreciation potential
  • Strong rental demand driven by proximity to the University of Minnesota, Downtown Minneapolis, and major employment centers.
  • Large floor plans designed for student, roommate, and young professional living, supporting premium rental income. | Offered at an attractive basis
  • Highly walkable location near neighborhood restaurants, coffee shops, parks, and the Mississippi Riverfront trail system.

OVERVIEW

403 6th St SE presents an exceptional opportunity to acquire a well-maintained triplex in the heart of the highly sought-after Marcy-Holmes neighborhood, just blocks from the University of Minnesota. The property features an attractive unit mix consisting of two spacious 4-bedroom, 2-bathroom units and one 3-bedroom, 1-bathroom unit, catering to the strong demand for larger rental housing among students, young professionals, and roommate households. Located in one of Minneapolis' most resilient rental submarkets, the property benefits from a deep and consistent tenant pool driven by the University of Minnesota, nearby healthcare institutions, and downtown employers. The oversized unit configurations command strong rental demand while providing investors with stable cash flow and the opportunity to further enhance income through strategic rent growth and operational efficiencies. Residents enjoy walkable access to Dinkytown's vibrant mix of restaurants, coffee shops, entertainment, grocery options, and public transportation, with convenient access to Downtown Minneapolis, the Mississippi Riverfront, and the University campus. Combining an exceptional location, highly desirable unit mix, and long-term rental stability, 403 6th St SE represents an outstanding investment opportunity for both private and institutional multifamily investors seeking durable cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$24 USD /SF

# OF UNITS

3

PRICE/UNIT

$200,000

CAP RATE

7.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R2B

APN/PARCEL ID

23-029-24-11-0279

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.