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    Elk River, MN
    Apartment Building

    Elk River, MN Apartment Buildings for Sale

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    Otsego, MN Ramsey, MN Anoka, MN
    55+ Community Investment Opportunity
    Updated: Mar 9
    55+ Community Investment Opportunity

    11038 183rd Cir NW, Elk River, MN 55330

    $2,500,000
    11,536 sqft
    55+ 1‑Level rental community built in 2020
    Investment opportunity with 8 units across 4 twin homes
    Each unit has a separate PID for residential property tax rate
    Stable and loyal tenant base
    Conveniently located on a quiet cul‑de‑sac
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    This listing looks promising.

    Here's a quick look at some key insights for

    11038 183rd Cir NW, Elk River, MN 55330

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    • Est. Cap Rate

      6.2%
      Above avg (5.9%)

    • Est. NOI

      $155K
      Annual

    • Price @ 7% Cap

      $2.21M
      Suggested

    • Property Type

      Single Family Residence
      Built 2020
    View Property Analytics
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Elk River, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building in Northeast Minneapolis
    Mixed-Use Building in Northeast Minneapolis

    1627 Washington St NE, Minneapolis, MN

    $1,995,000
    17,818 sqft · 0.26 AC lot

    Mixed-use commercial building with residential units in thriving arts district.

    View details
    Minneapolis Multifamily Development Opportunity
    Minneapolis Multifamily Development Opportunity

    1008 29th Avenue NE, Minneapolis, MN 55418

    $239,900
    0.20 AC lot

    12-unit apartment building development under review in Minneapolis.

    View details
    Mounds View Multifamily Investment
    Mounds View Multifamily Investment

    7750 Silver Lake Rd, Mounds View, MN 55112

    Contact for pricing
    1.33 AC lot

    Well-maintained 23-unit apartment complex in Mounds View, Minnesota.

    View details
    21-Unit Apartment Building For Sale
    21-Unit Apartment Building For Sale

    3040 Bridge Street Northwest, Saint Francis, MN 55070

    $2,295,000
    16,192 sqft

    21-unit apartment building with stable income in a growing community.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details
    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

    View details
    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Elk River, MN

    Consider similar Off-Market properties in Elk River, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Elk River, MN 55330
    APARTMENT HOUSE (5+ UNITS)

    Elk River, MN 55330

    Value Estimation by Request
    2,720 sqft · 13.30 AC lot
    View details

    Elk River, MN Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Elk River, MN on our real estate platform. These investment opportunities span a total of 11,536 square feet of properties for sale, with an estimated market value of $2,500,000.

    Sale prices for two-family homes in Elk River, MN start at $2,500,000, averaging $2,500,000, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 45K
    Population Growth (5Y) +17.8%
    Median Household Income $111,481
    College Educated 41.4%

    High-Yield Neighborhoods for Investment

    Identify Elk River submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55330 $2.7M

    Taxes & Financing

    Tax Rate (average for all types) 2.48%
    Property Tax per SF $52.65 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sherburne County

    New Delisted

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