1804 16Th Ave, Minneapolis, MN 55404
This exceptional investment opportunity presents a five-unit apartment building located at 1804 16th Avenue S in Minneapolis, Minnesota. The property sits on a 0.17-acre lot and boasts a substantial 6,585 square feet of living space. Each of the five units features four bedrooms, providing a total of twenty bedrooms across the entire building. This configuration presents a significant advantage for investors seeking high occupancy rates and strong rental income potential within the Minneapolis market. The building's layout and size are ideal for generating substantial cash flow. The asking price for this property is $800,000. Given the current market conditions and the property's characteristics, this represents a compelling investment opportunity for discerning buyers. Serious inquiries are encouraged, and at least 24 hours' notice is required for all showings to allow for proper scheduling and coordination. This property is offered as-is. Financial statements and further details are available upon request, subject to a non-disclosure agreement. Don't miss this chance to acquire a well-positioned, income-producing asset in a thriving Minneapolis neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.