Triplex Near University
For Sale
$949,900
810 6th Street SE, Minneapolis, MN 55414
MULTI_FAMILY - Minneapolis, MN
Property Size3,276 SF
Lot Size0.13 Acres
Price / SF$289.96
Days on Market96
Property Features for 810 6th Street SE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Residential-Multi-Family
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 9, Bedroom 4, Bedroom 10, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 8, Bedroom 11
Parking features
Parking Lot
Exterior features
Stucco
Subdivision
Mill Cos Add To St Anthony Falls
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
Minneapolis
Directions
35W S, W onto 5th St SE, NE onto SE 8th Ave, right onto 6th St SE, home on right.
Standard status
Active
APN
2402924230033
Size
3,276 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13050
Utilities
Heating system
Hot Water(Heating)
Amenities
coin-op laundry
Building Details
Year built
1902
Listing Agency:
eXp Realty
(320) 500-4397
Listed By:
Marissa Winegarden
(612) 751-9303
Added: May 11
Changed: Aug 13
Last Checked: Aug 14 at 11:06AM
MLS# 7068805
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.
This 1902-built triplex at 810 6th Street SE contains 3,276 square feet with 11 bedrooms and five bathrooms. The property features a stucco exterior, hot-water heating, and a dedicated parking lot. The room configuration and existing triplex operation provide a defined multifamily layout.
The property is located in Dinkytown near the University of Minnesota campus. It is offered for concurrent sale with 806 6th Street SE as part of a combined package that includes a shared 20-space parking lot. The two-property arrangement includes this operating triplex and a separate duplex at 806 6th Street SE.
The property is located in Dinkytown near the University of Minnesota campus. It is offered for concurrent sale with 806 6th Street SE as part of a combined package that includes a shared 20-space parking lot. The two-property arrangement includes this operating triplex and a separate duplex at 806 6th Street SE.
Key Highlights
- 3,276‑square‑foot triplex built in 1902
- 11 bedrooms and five bathrooms
- Stucco exterior with hot‑water heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,865
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$957,300
$957.3K
Cap Rate 7%
$683,786
$683.8K
Cap Rate 9%
$531,833
$531.8K
Market Conditions
NOI Build-Up for 3,276 SF
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.
Gross rent
$72.7K $22.20/SF
− Vacancy
−$4.3K −$1.33/SF
EGI
$68.4K $20.87/SF
− OpEx
−$20.5K −$6.26/SF
NOI
$47.9K $14.61/SF
Area
Minneapolis, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$957,300
Cap Rate 7%
$683,786
Cap Rate 9%
$531,833
Alternative Uses
Best Use
Multifamily LT 5
$683.8K
$598.3K – $797.8K
NOI $47,865 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$628.0K
$549.5K – $732.7K
NOI $43,963 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$781.6K
$683.9K – $911.9K
NOI $54,711 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with 11 bedrooms, five bathrooms, stucco exterior, hot-water heating, and lot parking.
Where is this triplex located?
The property is located at 810 6th Street SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 3,276‑square‑foot triplex built in 1902; 11 bedrooms and five bathrooms; Stucco exterior with hot‑water heating
