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    4001 Mavelle Dr Edina, MN 55435

    Sponsored
    For Sale
    $2,750,000

    12-Unit Apartment Building, Edina, MN - High Potential

    Property size:
    15,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 15,000 square foot, 12-unit apartment building presents a lucrative investment opportunity in the heart of Edina, Minnesota. Situated on a 0.67-acre lot, this classic property boasts eleven spacious two-bedroom, one-bathroom units and one studio apartment. Its prime location, tucked behind the Room & Board store and across from the Galleria Mall, offers unparalleled convenience. Residents enjoy easy walking access to a wide array of amenities, including numerous restaurants, shops, banks, Lunds & Byerlys, Whole Foods, and Southdale Mall. The University of Minnesota and downtown Minneapolis are just a 10-minute drive away. The property is within the highly desirable Edina School District. Each unit includes a private one-car detached garage and an additional parking space. Baseboard hot water radiant heat ensures year-round comfort. Tenants are responsible for electricity. A coin-operated laundry facility is conveniently located within the building. The property's zoning (PRD-4) allows for flexible higher-density multifamily development with commercial elements, presenting significant redevelopment potential, just half a block from the France Avenue commercial district. Interested parties should contact the City of Edina for detailed zoning information. This property is also suitable for a 1031 exchange.

    Property Features for 4001 Mavelle Dr

    General Information

    Property type
    Residential income properties
    Square Feet
    15,000 SF
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1961
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edina
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.33063
    Latitude
    44.8746

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    FAQs

    What type of property is this?
    Residential income property - 12-Unit Apartment Building, Edina, MN - High Potential
    Where is this residential income property located?
    The property is located at 4001 Mavelle Dr Edina, MN.
    What is the asking price?
    The asking price for this property is $2,750,000.
    (952) 270-8770
    Request Owner's contact information
    4001 Mavelle Dr Edina, MN 55435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4001 Mavelle Dr Edina, MN 55435
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