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3-Unit Multifamily Portfolio
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11423 16th St NE, Saint Michael, MN 55376

Three multifamily units are offered individually or together as part of a larger managed residential portfolio.

Property SizeContact for details
Days on Market143

Property Features for 11423 16th St NE

General Information

Standard status Active
Property subtype Multifamily

Building Details

Buildings 3
Listing Agency: SERHANT. Commercial
Listed By: Christopher Haas · License #FL SL3592965
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 11:50PM

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 SERHANT. Commercial

Investment Insights

Based on property information with market context.

This multifamily offering includes three available units at 11423, 11397, and 11387 16th Street NE in Saint Michael, Minnesota. The properties are presented as part of a 36-unit portfolio, with the option to acquire the full portfolio or purchase by city.

Ownership covers sanitation, snow and lawn care, exterior maintenance, building exterior expenses, professional management, and HOA costs. The arrangement provides a defined operating structure for the available residential assets.

Key Highlights

  • Three multifamily units available at separate 16th Street NE addresses
  • Part of a 36 Unit Property Portfolio
  • Option to purchase the entire portfolio or acquire properties individually by city

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Repair Shop Spa & Massage Center Building Supply Kitchen & Bath Showroom Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby

Demographics for 55376, MN

17,989
Population
7,128
Households
2.5
Avg Household Size
36
Median Age
44%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
616
Density / Sq Mi
$130,917
Median Household Income
$62,378
Median Earnings
$2,038
Median Rent
$364,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three multifamily units are offered individually or together as part of a larger managed residential portfolio.
Where is this multifamily property located?
The property is located at 11423 16th St NE Saint Michael, MN.
What are key features of this property?
This property features: Three multifamily units available at separate 16th Street NE addresses; Part of a 36 Unit Property Portfolio; Option to purchase the entire portfolio or acquire properties individually by city
More about this property
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