814 6th St SE - Apartments FOR SALE


Minneapolis, MN 55414- Marcy-Holmes
$2,300,000 USD
612-432-5451
814 6th St SE, Minneapolis, MN for Sale
$2,300,000 USD
Apartments - FOR SALE
1/47
null | 7.71% Cap Rate

814 6th St SE
Minneapolis, MN 55414
Marcy-Holmes


HIGHLIGHTS

  • Close to Dinkytown, St. Anthony Main, and downtown Minneapolis amenities
  • Strong rental demand driven by proximity to the University of Minnesota and surrounding student housing corridor
  • New Construction of 816 6th and Complete Renovation of 814 6th
  • Located in an established, high-density multifamily and student housing submarket

OVERVIEW

Investment opportunity. Six units, two buildings, all new with 5BRs, 2BA and Laundry in each unit. 814 6th is fully leased for $9250 month. 816 6th Property is currently being advertised for lease at $3000-3250 per unit while in final stages of completion. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 814 & 816 6th Street SE: Common Lot Development. Both 814 and 816 6th Street SE exist on a single parcel under one PID and were developed as a Common Lot Development in the Marcy-Holmes neighborhood. Together, 814 & 816 6th Street SE form a unified six-unit multifamily asset on a single PID, built and renovated to modern 2020s standards.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

7.71%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

814-816 6th St SE

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Multi Family

APN/PARCEL ID

24-029-24-23-0034

ASK ABOUT THIS PROPERTY

Marty MorganMorgan and Trust RealtyMore Info
612-432-5451

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Marty MorganMorgan and Trust RealtyMore Info
612-432-5451

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