4927 & 4935 University Avenue NE

Columbia Heights, MN 55421

Welcome to 4929-35 University Avenue NE—a vibrant investment opportunity featuring two buildings with 11 units in each building, offering a fantastic ~8% cap rate. Many units have been refreshed with new flooring, appliances, and paint, enhancing their appeal and tenant satisfaction. Each building is unit with wall air conditioning units and a new boiler in the 4935 building, ensuring comfort year-round. Tenants will appreciate the convenience of an on-site parking lot, including parking space for each unit. The complex is secured with a modern security system, providing peace of mind for both tenants and owners. With current rents ranging from $950 to $1000 per unit, this multifamily property is a prime candidate for investors seeking steady income in a thriving area. The units feature refrigerators, ranges, and a dishwasher, combining functionality with comfort. Don't miss out on this promising opportunity in a dynamic neighborhood, offering excellent potential for growth and stable returns.

Listing courtesy of Compass



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Last checked: 2025-12-05 09:25 AM UTC