Multifamily
4540 Tyler Street NE, Columbia Heights, MN 55421
For Sale
New
$419,900
The property has a full basement and natural gas forced-air heating.
Property Size3,192 SF
Price / SF$197.32
Days on Market6
Property Features for 4540 Tyler Street NE
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas, Forced Air
Full
Building Details
Building Size
Year Built
Stories
Listing Agency:
Investors Realty MN
Listed By:
Maureen D McGarry
(651) 222-3456
Source:
Evrealestate
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 6:38AM
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 Investors Realty MN
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 2,128 square feet and was built in 1959. Interior features include a full basement and natural gas, forced-air heating.
The property is at 4540 Tyler Street NE in Columbia Heights, Minnesota, and is zoned Residential-Multi-Family.
The property is at 4540 Tyler Street NE in Columbia Heights, Minnesota, and is zoned Residential-Multi-Family.
Key Highlights
- 2,128 square feet of property
- Built in 1959
- Full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,287
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,740
$485.7K
Cap Rate 7%
$346,957
$347.0K
Cap Rate 9%
$269,856
$269.9K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$47.5K $22.32/SF
− Vacancy
−$3.3K −$1.57/SF
EGI
$44.2K $20.75/SF
− OpEx
−$19.9K −$9.34/SF
NOI
$24.3K $11.41/SF
Area
Anoka County, MN
Vacancy
7.03%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,740
Cap Rate 7%
$346,957
Cap Rate 9%
$269,856
Alternative Uses
Best Use
Apartment 5plus
$347.0K
$303.6K – $404.8K
NOI $24,287 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.1K
$517.2K – $689.6K
NOI $41,376 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 55421, MN
30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Anoka County, MN
Properties on Market for Multifamily properties in Anoka County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property has a full basement and natural gas forced-air heating.
Where is this multifamily property located?
The property is located at 4540 Tyler Street NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 2,128 square feet of property; Built in 1959; Full basement
