Building Details

Building Size 6,411 SF

Year Built 1979

Buildings 1

Stories 2

Units 8

Listing Agency: Compass l***@compass.com Show Phone

Listed By: Geoffrey S Serdar Show Phone

Source: Homecrownrealty

Added: Jan 11 Changed: Oct 24 Last Checked: Oct 24 at 2:44PM

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Investment Insights

Based on property information with market context.

Built in 1979, this 6,411-square-foot apartment property contains eight units: six two-bedroom apartments and two one-bedroom apartments. Two coin-operated laundry rooms serve separate sections of the building. Each apartment has a separate electric meter, and the units are heated electrically. Zoning includes Business/Commercial and Residential-Multi-Family.

On-site management is currently in place and may remain or transition with new ownership. Existing leases permit 30-day notice to vacate following a change in ownership.

Key Highlights

• Eight apartments: six 2‑bedroom units and two 1‑bedroom units
• 6,411 square feet; built in 1979
• Two coin‑operated laundry rooms, one serving each section

Property Analytics

Lease Details

8

Residential units

Location Intelligence

Trade Area within ½ mile

70

Businesses Nearby

Explore this area Business Placement

Demographics for 55909, MN

1,325

Population

628

Households

2.1

Avg Household Size

46

Median Age

31%

College-Educated

97%

High-School Grad

52.6 sq mi

ZIP Area

25

Density / Sq Mi

$93,750

Median Household Income

$49,929

Median Earnings

$597

Median Rent

$205,800

Median Home Value

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?

Apartment building - Separate electric meters, electric heat, and two laundry rooms serve residents across the property.

Where is this apartment building located?

The property is located at 18 NE Schmitz Street Adams, MN.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: Eight apartments: six 2‑bedroom units and two 1‑bedroom units; 6,411 square feet; built in 1979; Two coin‑operated laundry rooms, one serving each section