Minneapolis Multifamily Investment
4525 4th Ave S, Minneapolis, MN 55419
Well-maintained 8-unit apartment building in desirable Minneapolis location.
Type:Multifamily
Property size:
5,070 SFPrice / SF:
$202/SF- Added:
- Mar 6, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 16 at 3:05 pm
Property Features for 4525 4th Ave S
General Information
- Standard status
- Active
- Size
- 5,070 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing office Peritus Real Estate
Listing date Mar 6, 2026
Source Crexi
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 Peritus Real Estate
HighLights
- Desirable Regina neighborhood location within the Nokomis community of Minneapolis.
- Highly rentable unit mix: seven 1‑bedroom units and one studio/efficiency.
- Each unit has its own forced‑air furnace, with tenants paying their own heat.
- Potential for reduced property tax rate through Minneapolis 4d Affordable Housing Program.
- Coin‑operated laundry provides additional income.
- Off‑street parking for tenants.
Overview
This well-maintained, two-story brick apartment building is located in the Regina neighborhood within the Nokomis community of Minneapolis. Constructed in 1960, the property features 5,070 finished square feet. The unit mix includes seven 1-bedroom units and one studio/efficiency. Each unit is equipped with its own forced-air furnace, with residents responsible for their own heat expenses. The building also offers coin-operated laundry facilities for additional income and convenient off-street parking for tenants. The property's solid brick construction, individual mechanical systems, and straightforward unit mix contribute to its stability and ease of management. The property is an ideal candidate for enrollment in the Minneapolis 4d Affordable Housing Program, offering the potential for a reduced property tax rate in exchange for maintaining qualifying affordable rents. The location in South Minneapolis provides convenient access to parks, shopping, transit, and major corridors, appealing to long-term renters seeking neighborhood charm. This property presents an excellent opportunity for investors seeking steady cash flow with additional upside through tax optimization.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.0k | $26.04 |
| − Vacancy | −$8.3k | −$1.64 |
| EGI | $123.7k | $24.40 |
| − OpEx | −$55.7k | −$10.98 |
| NOI | $68.0k | $13.42 |
5,070 SF · lease $26.04/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$972.0K
$850.5K – $1.13M
NOI $68,038 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,672 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2698616
- Latitude
- 44.9207826
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit apartment building in desirable Minneapolis location.
Where is this apartment building located?
The property is located at 4525 4th Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Desirable Regina neighborhood location within the Nokomis community of Minneapolis.; Highly rentable unit mix: **seven 1‑bedroom units and one studio/efficiency.**; Each unit has its own forced‑air furnace, with tenants paying their own heat.
