421 6Th St Minneapolis, MN 55414
This exceptional 7-unit apartment building, located at 421 6th Street SE in Minneapolis, Minnesota, presents a compelling investment opportunity. Boasting a total of 7,149 square feet on a 0.25-acre lot, this property offers significant potential for strong returns. Each of the seven units has undergone a complete rehabilitation within the past few years, ensuring a high-quality living experience for tenants. Currently generating solid rental income, there's also room for future rent increases, maximizing profitability. The property benefits from its prime location in Southeast Minneapolis, just blocks from acclaimed restaurants and in close proximity to the University of Minnesota campus, providing a consistent and reliable student rental base. The recently renovated back parking lot provides ample parking for tenants, a highly desirable amenity. The building is situated in a peaceful neighborhood, offering residents a tranquil atmosphere while still being conveniently located to the vibrant city center. This fully stabilized property is ready for immediate income generation and offers a rare opportunity to acquire a well-maintained, high-demand multi-family investment in a thriving Minneapolis neighborhood. The asking price is $920,000.
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
Similar Nearby for Lease
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.