806 6th Street SE Minneapolis, MN 55414
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 11, 2026
- Days on Market:
- 61
- Last Refresh:
- Jul 10 at 10:06 pm
Property Features for 806 6th Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 8, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 3
- Parking features
- Parking Lot
- Exterior features
- Wood
- Standard status
- Active
- APN
- 2402924230032
- Size
- 3,336 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11243
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1902
Listing agent Marissa Winegarden (612) 751-9303
Listing office eXp Realty 4525 White Bear Parkway Suite 122, White Bear Lake, MN (320) 500-4397
Listing date May 11, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The properties are located in Dinkytown, steps from the University of Minnesota campus, and are being presented together in a single sale structure. The sale of 806 is described as occurring concurrently with 810 (MLS 7068805).
This package is intended for investors and owner-operators looking for an income-producing residential holding with shared parking and on-site ancillary revenue opportunities. With 806 operating as a duplex and a stated pathway toward triplex conversion, the combined setup can support a strategy that includes maintaining current occupancy while evaluating future configuration options, aligned with the goals of buyers seeking both immediate rental utility and flexibility over time.
Key Highlights
- Bundled package: 806 and 810 6th Street SE available together for a combined $1,550,000 purchase price
- Includes a shared 20‑space parking lot with the bundled purchase
- When fully occupied, the investments have potential to produce combined annual gross income of $171,000, with additional income opportunity from parking and coin‑op laundry
Local Financial Insights For Multifamily LT 5
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 | $74.1k | $22.20 |
| − Vacancy | −$4.4k | −$1.33 |
| EGI | $69.6k | $20.87 |
| − OpEx | −$20.9k | −$6.26 |
| NOI | $48.7k | $14.61 |
