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    421 6Th St Minneapolis, MN 55414

    Sponsored
    For Sale
    $920,000

    Fully Stabilized, High-Demand Location

    Property size:
    7,149 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 7-unit apartment building, located at 421 6th Street SE in Minneapolis, Minnesota, presents a compelling investment opportunity. Boasting a total of 7,149 square feet on a 0.25-acre lot, this property offers significant potential for strong returns. Each of the seven units has undergone a complete rehabilitation within the past few years, ensuring a high-quality living experience for tenants. Currently generating solid rental income, there's also room for future rent increases, maximizing profitability. The property benefits from its prime location in Southeast Minneapolis, just blocks from acclaimed restaurants and in close proximity to the University of Minnesota campus, providing a consistent and reliable student rental base. The recently renovated back parking lot provides ample parking for tenants, a highly desirable amenity. The building is situated in a peaceful neighborhood, offering residents a tranquil atmosphere while still being conveniently located to the vibrant city center. This fully stabilized property is ready for immediate income generation and offers a rare opportunity to acquire a well-maintained, high-demand multi-family investment in a thriving Minneapolis neighborhood. The asking price is $920,000.

    Property Features for 421 6Th St

    General Information

    Property type
    Residential income properties
    Square Feet
    7,149 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.24724
    Latitude
    44.98796

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    FAQs

    What type of property is this?
    Residential income property - Fully Stabilized, High-Demand Location
    Where is this residential income property located?
    The property is located at 421 6Th St Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $920,000.
    (651) 379-5252
    Request Owner's contact information
    421 6Th St Minneapolis, MN 55414
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    Minneapolis, MN 55414
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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
    421 6Th St Minneapolis, MN 55414
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