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12-Room Multifamily Property
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1009 University Avenue SE, Minneapolis, MN 55414

Fully leased through the 2026/2027 school year, with tenants paying electric, gas, water, internet, and trash.

Property SizeContact for details
Days on Market7

Property Features for 1009 University Avenue SE

General Information

Standard status Active
Property subtype Commercial
Zoning Residential-Multi-Family
Occupancy 100%

Site & Location

Neighborhood University

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $10,103

Building Details

Year Built 1910
Units 12
Listing Agency: Ashworth Real Estate
Listed By: Molly Hangartner
Source: Getyoumoved
Added: Oct 19 Changed: Oct 24 Last Checked: Oct 23 at 2:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ashworth Real Estate

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Investment Insights

Based on property information with market context.

This 1910 multifamily property contains 12 rental rooms and is fully leased through the 2026/2027 school year. Tenants are responsible for electric, gas, water, internet, and trash. The property is zoned R5, identified in the property data as Residential-Multi-Family.

At 1009 University Avenue SE in Minneapolis, the building is one lot from the intersection of 10th Ave SE and University Ave SE and shares a rear parking lot with 314 10th Ave SE. The University of Minnesota campus is within walking distance. The property is part of a seven-building Dinkytown portfolio.

Key Highlights

  • 12 rental rooms
  • Fully leased through the 2026/2027 school year
  • Tenants pay electric, gas, water, internet, and trash

Property Analytics

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Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,646
Businesses Nearby

Demographics for 55414, MN

36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Fully leased through the 2026/2027 school year, with tenants paying electric, gas, water, internet, and trash.
Where is this multifamily property located?
The property is located at 1009 University Avenue SE Minneapolis, MN.
What are key features of this property?
This property features: 12 rental rooms; Fully leased through the 2026/2027 school year; Tenants pay electric, gas, water, internet, and trash
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