8-Unit 55+ Rental
For Sale
$2,400,000
11024-11038 183rd Circle NW, Elk River, MN 55330
Commercial Sale, Elk River, MN
Property SizeContact for details
Lot Size1.78 Acres
Days on Market210
Property Features for 11024-11038 183rd Circle NW
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Single Family
Bedrooms
16
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 6, Bedroom 16, Bathroom 9, Bathroom 4, Bedroom 12, Bathroom 8, Bathroom 11, Bathroom 13, Bedroom 10, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 3, Bedroom 9, Bedroom 14, Bathroom 6, Bedroom 2, Bathroom 15, Bedroom 13, Bathroom 10, Bedroom 4, Bathroom 1, Bathroom 7, Bathroom 16, Bathroom 2, Bedroom 1, Bedroom 11, Bathroom 5, Bedroom 15, Bathroom 12, Bathroom 14, Bedroom 8
Parking features
Driveway, Garage - Attached, Garage
Patio and Porch features
Patio
Appliances
Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Water Heater - Electric, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Subdivision
Mulvaney Point Twin Homes
Lot features
Tree Coverage - Medium
High school district
Elk River
Directions
Hwy 169 to East on Main St (Cty Rd 12). Left on Line Ave. Right on 183rd Circle to cul-de-sac.
Standard status
Active
APN
75009040105
Lot size
1.78 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
30528
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2020
Roof type
Shingle
Listing Agency:
Acuity Group
(763) 633-3535
Listed By:
Dustin Heggem · License #40416985
(612) 242-1653
Added: Mar 16
Changed: Oct 8
Last Checked: Oct 11 at 7:06AM
MLS# 7037372
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2020, this 55+ rental community comprises four twin homes with eight units on 1.78 acres. Each residence has a separate PID, which may support individual sales and the formation of an association. Units include patios, attached garages, forced-air heat, central air, and a range of household appliances.
The property is on a cul-de-sac in Elk River, near local shopping and the Hwy 101/169 corridor. Residents have access to driveways and garages, and the community has an established tenant base.
The property is on a cul-de-sac in Elk River, near local shopping and the Hwy 101/169 corridor. Residents have access to driveways and garages, and the community has an established tenant base.
Key Highlights
- Eight units across four twin homes, built in 2020
- 55+ rental community on 1.78 acres
- Separate PID for each unit; individual sales and association formation are possible
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 55330, MN
43,626
Population
16,796
Households
2.6
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
106.6 sq mi
ZIP Area
409
Density / Sq Mi
$111,481
Median Household Income
$59,332
Median Earnings
$1,356
Median Rent
$355,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four paired homes contain rental residences for occupants aged 55 and older.
Where is this apartment building located?
The property is located at 11024-11038 183rd Circle NW Elk River, MN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Eight units across four twin homes, built in 2020; 55+ rental community on 1.78 acres; Separate PID for each unit; individual sales and association formation are possible
