Stabilized 43-Unit Multifamily
2603 Golden Valley Rd 3230 Penn Ave N 4055 Lyndale Ave N 801 21st Ave N, Minneapolis, MN 55411
New
Stabilized 43-unit portfolio across four neighboring assets, with electrical upgrades underway and upside through continued rent growth.
Type:Multifamily
- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 3 at 2:22 am
Property Features for 2603 Golden Valley Rd 3230 Penn Ave N 4055 Lyndale Ave N 801 21st Ave N
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing agent Robert Dulin
Listing office (612) 270-4730
Listing date Jun 2, 2026
Source Kisergroup
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 Robert Dulin
HighLights
- 43‑unit multifamily portfolio across four neighboring assets in North Minneapolis
- Stabilized, in‑place cash flow with strong historical rent collections and occupancy history
- Electrical upgrades underway: owners are installing circuit breakers in units currently using fuses
- Planned electrical scope includes circuit breakers in common areas and 100% of units
- Value‑add upside through continued rent growth and light value‑add enhancements
- Year built listed as 1963
Overview
Kiser Group presents a stabilized, cash-flowing 43-unit multifamily portfolio offered across four neighboring assets in the North Minneapolis market. The portfolio benefits from strong in-place performance supported by proven rent collections and an occupancy history, with upside potential through continued rent growth and light value-add enhancements. As part of ongoing improvements, current ownership is installing circuit breakers in units that still have fuses, with work underway for both common areas and 100% of the units.
This opportunity is positioned as a portfolio anchor for investors seeking scale in the North Minneapolis submarket. The offering spans multiple locations while maintaining operational efficiency and income stability as a single portfolio investment. The North Minneapolis market is described as having supportive submarket fundamentals tied to ongoing revitalization efforts and public/private investment.
For buyers, this combination of stabilized cash flow, near-term electrical modernization, and room for continued rent growth can appeal to those looking for long-term hold strategy. The offering is also presented with a flexible exit path, including the ability to hold for cash flow, refinance, or selectively sell assets individually to capture future value.
This opportunity is positioned as a portfolio anchor for investors seeking scale in the North Minneapolis submarket. The offering spans multiple locations while maintaining operational efficiency and income stability as a single portfolio investment. The North Minneapolis market is described as having supportive submarket fundamentals tied to ongoing revitalization efforts and public/private investment.
For buyers, this combination of stabilized cash flow, near-term electrical modernization, and room for continued rent growth can appeal to those looking for long-term hold strategy. The offering is also presented with a flexible exit path, including the ability to hold for cash flow, refinance, or selectively sell assets individually to capture future value.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.31395
- Latitude
- 45.000554
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Stabilized 43-unit portfolio across four neighboring assets, with electrical upgrades underway and upside through continued rent growth.
Where is this apartment building located?
The property is located at 2603 Golden Valley Rd 3230 Penn Ave N 4055 Lyndale Ave N 801 21st Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 43‑unit multifamily portfolio across four neighboring assets in North Minneapolis; Stabilized, in‑place cash flow with strong historical rent collections and occupancy history; Electrical upgrades underway: owners are installing circuit breakers in units currently using fuses
