Updated Multifamily
For Sale
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608 Ridgewood Ave, Minneapolis, MN 55403
Fully occupied apartment asset with renovated interiors, upgraded mechanical systems, and tenant-paid utilities.
Property Size5,116 SF
Days on Market201
Property Features for 608 Ridgewood Ave
General Information
Standard status
Active
Size
5,116 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Site & Location
Neighborhood
Stevens Square
Building Details
Year Renovated
2022
Units
7
Listing Agency:
MRG Realty Partners
Listed By:
Doug McNicoll · License #40492260
(651) 900-4386
Source:
Crexi
Added: Apr 8
Changed: Oct 25
Last Checked: Oct 24 at 4:31PM
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 MRG Realty Partners
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Investment Insights
Based on property information with market context.
This 5,116-square-foot multifamily property at 608 Ridgewood Ave includes larger apartment layouts with updated interior finishes. Interior improvements have been completed throughout, while mechanical systems have also been upgraded. The building is currently 100% occupied, and tenants pay gas, water, and electric expenses.
The property is described as well maintained, with limited near-term capital needs identified. Its combination of renovated interiors, refreshed building systems, full occupancy, and tenant-paid utilities provides a clearly defined operating profile for multifamily ownership.
The property is described as well maintained, with limited near-term capital needs identified. Its combination of renovated interiors, refreshed building systems, full occupancy, and tenant-paid utilities provides a clearly defined operating profile for multifamily ownership.
Key Highlights
- 5,116 SF multifamily property at 608 Ridgewood Ave
- 100% occupied
- Tenants pay gas, water, and electric
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,773
Businesses Nearby
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Business Placement
Demographics for 55403, MN
17,707
Population
12,906
Households
1.4
Avg Household Size
35
Median Age
59%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
12,648
Density / Sq Mi
$59,928
Median Household Income
$50,876
Median Earnings
$1,199
Median Rent
$285,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied apartment asset with renovated interiors, upgraded mechanical systems, and tenant-paid utilities.
Where is this multifamily property located?
The property is located at 608 Ridgewood Ave Minneapolis, MN.
What are key features of this property?
This property features: 5,116 SF multifamily property at 608 Ridgewood Ave; 100% occupied; Tenants pay gas, water, and electric
