4733 University AVE NE new

Columbia Heights,MN 55421

$ 655000

- Bed

- Bath

- SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Roslyn Park

MLS Listing ID 6763864

Year Built 1963

Annual Tax Amount $12,918

Tax Year 2025

Contingent None

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 80x130

Property Sub-Type Apartment

Property Description

Solid 6-Unit Multifamily Investment – Fully Leased with Upside in Columbia Heights!

Excellent opportunity for investors to acquire a well-maintained, fully occupied 6-unit apartment building in the high-demand Columbia Heights submarket, just minutes from Northeast Minneapolis and downtown. The property features a desirable unit mix of two 2-bedroom and four 1-bedroom units, generating $78,000 in annual gross income and a current net operating income of $30,499.

The building has been professionally managed with recent updates, ensuring low maintenance and smooth day-to-day operations. All six units are currently leased, offering immediate cash flow. With current monthly rents averaging approximately $1.10/SF and market rents trending higher, there's clear potential to increase income over time through strategic unit upgrades and rent optimization.

Additional highlights include 11 off-street parking spaces, a 10,280 SF lot, brick and stucco exterior, natural gas boiler, pitched asphalt roof, and city-connected water/sewer. Zoned Residential Multi-Family with strong rental demand and proximity to major highways, shopping, and transit, this property is ideal for both buy-and-hold investors and those seeking value-add upside through interior improvements or rent repositioning.

Don't miss this opportunity to add a high-performing, low-vacancy asset to your portfolio in a growing rental corridor.

Location

State MN

County Anoka

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building

Fireplace No

Exterior

Parking Features Paved

Utilities Available Electric Separate,Heating Common

Present Use Residential

Building

Story Two

Foundation 224450

Sewer City Sewer/Connected

Water City Water - In Street

Level or Stories Two

Structure Type Stucco

Schools

School District Columbia Heights

Others

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