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Property profile & analytics
OFF-MARKET
Apartment buildings

421 6Th St Minneapolis, MN 55414

7,149 SF 0.25 ac lot Built 1900
Property ID
US46-0360146
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1900
Total area 7,149 SF
Lot 0.25 ac (10,890 SF)
UPID US46-0360146
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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