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12-Unit Apartment Building

4001 Mavelle Drive, Edina, MN 55435

For Sale
$2,750,000

A varied unit mix, on-site laundry, and dedicated garage parking serve the property’s residential layout.

Property SizeContact for details
Days on Market328

Property Features for 4001 Mavelle Drive

General Information

Standard status Active
Total Parking Spaces 24
Property subtype Commercial
Zoning Residential-Multi-Family

Units

Unit Mix 11 x 2BR/1BA, 1 x studio
Multifamily Units 12
Parking per Unit 2

Taxes and HOA fees

Annual Taxes $28,991

Amenities

coin-operated laundry

Building Details

Year Built 1961
Buildings 1
Units 12
Listing Agency: Sweet Home Realty, LLC
Listed By: Zoe Zhi
Source: Driveresultsrealty
Added: Dec 17, 2025 Changed: Nov 7 Last Checked: Nov 8 at 7:32PM

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 Sweet Home Realty, LLC

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Investment Insights

Based on property information with market context.

Built in 1961, this Edina apartment property contains 12 residences: 11 two-bedroom, one-bath apartments and one studio. Each residence has a detached one-car garage and an additional off-street parking space. Building features include baseboard hot-water radiant heat and coin-operated laundry; tenants pay their own electric service.

The property sits across from Galleria Mall and half a block from the France Avenue commercial district, with hospitals, medical offices, and upscale shopping among the nearby destinations. Restaurants, grocery stores, banks, and retail shops are also within walking distance. Downtown Minneapolis and the University of Minnesota are each approximately 10 minutes away.

Key Highlights

  • 12 apartments: 11 two‑bedroom, one‑bath units and one studio
  • Each unit includes a detached one‑car garage and one additional off‑street parking space
  • Built in 1961

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Electrical Service Auto Parts Store Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Bakery

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

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

2,877
Businesses Nearby

Demographics for 55435, MN

14,170
Population
8,218
Households
1.7
Avg Household Size
45
Median Age
61%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
4,723
Density / Sq Mi
$75,829
Median Household Income
$61,848
Median Earnings
$1,716
Median Rent
$340,600
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Hennepin County, MN

$156 Jul
$183 Aug
$177 Sep
$159 Oct

Properties on Market for Apartment buildings in Hennepin County

Jul
Aug
Sep
Oct

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 - A varied unit mix, on-site laundry, and dedicated garage parking serve the property’s residential layout.
Where is this apartment building located?
The property is located at 4001 Mavelle Drive Edina, MN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 12 apartments: 11 two‑bedroom, one‑bath units and one studio; Each unit includes a detached one‑car garage and one additional off‑street parking space; Built in 1961
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