Elk River, MN Multifamily properties for sale

Updated: Mar 16

8-Unit 55+ Rental Community

11024-11038 183rd Circle NW, Elk River, MN 55330

$2,400,000

1.78 AC lot

Eight units across four twin homes, built in 2020
55+ rental community on 1.78 acres
Separate PID for each unit; individual sales and association formation are possible
Attached garages, driveways, and patios
Near local shopping and the Hwy 101/169 corridor

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Updated: Mar 9

55+ Community Investment Opportunity

11038 183rd Cir NW, Elk River, MN 55330

Contact for pricing

11,536 sqft

55+ 1‑Level rental community built in 2020
Investment opportunity with 8 units across 4 twin homes
Each unit has a separate PID for residential property tax rate
Stable and loyal tenant base
Conveniently located on a quiet cul‑de‑sac

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See hot listings in Elk River

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

2 active listings match your search: Multifamily for sale in Elk River, MN. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 properties in nearby cities and 1 off-market property to explore as potential leads.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Side-by-Side Duplex

3308 84th Avenue N, Brooklyn Park, MN 55443

$510,000

3,176 sqft

Fully leased residential property with private garages and spacious layouts in a convenient suburban setting.

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Duplex with Private Decks

8446 Sumter Circle N, Brooklyn Park, MN 55445

$419,900

1,972 sqft 0.30 AC lot

Each residence has a private deck, with one tenant on a term lease and the other on a month-to-month agreement.

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Side-by-Side Duplex

231 Marvin Elwood Rd, Monticello, MN 55362

$330,000

1,752 sqft

The single-level property has one occupied residence and a second that is currently vacant.

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Riverfront Campground and Mobile Home Park

1335 River St, Monticello, MN 55362

Contact for pricing

2,000 sqft 25.16 AC lot

Campground and mobile home park on the Mississippi River.

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Off-Market Properties in Elk River, MN

Consider similar Off-Market properties in Elk River, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

Elk River, MN 55330

Estimated value:

$355,000

2,720 sqft 13.30 AC lot

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Elk River, MN Multifamily Properties Market Trends and Statistics

Explore 3 multifamily properties for sale in Elk River, MN on our real estate platform. These investment opportunities span a total of 11,536 square feet of properties for sale, with an estimated market value of $2,400,000.

Sale prices for multifamily properties in Elk River, MN average $2,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
55330	$2.4M

Neighborhood

Average Price

55330

$2.4M