22-Unit Apartment
4927 University Ave NE, Columbia Heights, MN 55421
For Sale
New
Contact for pricing
Interior upgrades include flooring, paint, appliances, and tile bathroom improvements in select residences.
Property SizeContact for details
Days on Market6
Property Features for 4927 University Ave NE
General Information
Standard status
Property subtype
Occupancy
Additional Details
Asking Price
Multifamily Units
Tenant in Place
Building Details
Buildings
Listing Agency:
Peritus Real Estate
Listed By:
John Stiles · License #40207306
(612) 236-9296
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 4:53PM
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
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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.
The property comprises two apartment buildings at 4927 and 4935 University Ave NE in Columbia Heights, with 22 units in total. Select apartments have received new flooring, paint, appliances, and tile bathroom work. A water heater was recently installed at the 4935 building. All units are occupied, including two used by on-site staff in exchange for services; that arrangement may continue or those apartments may be shifted to market tenancy.
An on-site caretaker and maintenance staff are in place. Eight continuing residents have received rent increases, while eight units have welcomed new residents since mid-2025. Unit rents range from about $900 to $1,250. Further interior improvements can be completed as apartments turn over. Boiler and electrical-panel upgrades are optional considerations. The property is offered in its current condition.
An on-site caretaker and maintenance staff are in place. Eight continuing residents have received rent increases, while eight units have welcomed new residents since mid-2025. Unit rents range from about $900 to $1,250. Further interior improvements can be completed as apartments turn over. Boiler and electrical-panel upgrades are optional considerations. The property is offered in its current condition.
Key Highlights
- Two apartment buildings contain 22 units
- All units are occupied, including two apartments used by on‑site staff in exchange for services
- Select apartments have updated flooring, paint, appliances, and tile bathrooms
Property Analytics
Lease Details
22
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
266
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Interior upgrades include flooring, paint, appliances, and tile bathroom improvements in select residences.
Where is this apartment building located?
The property is located at 4927 University Ave NE Columbia Heights, MN.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two apartment buildings contain 22 units; All units are occupied, including two apartments used by on‑site staff in exchange for services; Select apartments have updated flooring, paint, appliances, and tile bathrooms
