For Sale: Columbia Heights MLS# 6763864
Active
NEW!
$655,000
Commercial: Apartments
Built 1963
0.24 acres
Columbia Heights schools
MLS# 6763864
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$655,000
Property Type:
Commercial
City:
Columbia Heights
Garage Spaces:
0
County:
Anoka
Year Built:
1963
State:
MN
Property Style:
Apartments
Zip Code:
55421
Subdivision Name:
Roslyn Park
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
11
Foundation Size:
224,450 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Paved
Exterior Material:
Stucco
Lot & Land
Acres:
0.24
Geolocation:
45.054579, -93.262492
Inclusions:
Building
Lot Dimensions:
80 x 130
Zoning:
Residential-Multi-Family
Schools
School District:
13
District Phone:
763-528-4500
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,918
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,918
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
Water System:
City Water - In Street
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Keller Williams Realty Integrity Lakes.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.