404 8th St SE
- Well-maintained 4-unit apartment building located in the highly desirable Marcy-Holmes neighborhood.
- Premier infill location just blocks from the University of Minnesota, creating strong year-round rental demand.
- Stable in-place cash flow with the opportunity to increase revenue through strategic rent growth.
- Value-add investment opportunity with potential to enhance Net Operating Income (NOI) over time.
- Strong occupancy history supported by one of Minneapolis' most resilient multifamily submarkets.
- Excellent long-term appreciation potential in a supply-constrained neighborhood with high barriers to entry.
- Highly walkable location near neighborhood restaurants, coffee shops, parks, grocery options, and daily conveniences.
- Minutes from Downtown Minneapolis, St. Anthony Main, Northeast Minneapolis, and the Mississippi Riverfront.
- Convenient access to Metro Transit, major highways, and extensive bike infrastructure, enhancing tenant appeal.
- Attractive investment for private investors and 1031 exchange buyers seeking stable income and future upside.
- Located in a historically high-demand rental corridor with a diverse tenant base of students, graduate students, faculty, healthcare professionals, and young professionals.
- Excellent financing candidate supported by strong rental demand and a proven investment location.
- Long-term wealth preservation asset in one of the Twin Cities' most established multifamily neighborhoods.
- Opportunity to capitalize on continued demand for quality off-campus housing in close proximity to the University of Minnesota.
Property Description
404 8th St SE presents an exceptional opportunity to acquire a well-located four-unit apartment building in the heart of Minneapolis' highly sought-after Marcy-Holmes neighborhood. Situated just blocks from the University of Minnesota, the property benefits from one of the Twin Cities' strongest and most consistent rental markets, fueled by a diverse tenant base of students, graduate students, faculty, medical professionals, and young professionals. The property's desirable location, combined with its proven rental performance, provides investors with stable in-place income and the opportunity to further enhance cash flow through strategic rent growth and operational improvements. Marcy-Holmes continues to experience strong rental demand due to its walkability, neighborhood amenities, and convenient access to Downtown Minneapolis, making it a premier destination for long-term multifamily investment. Residents enjoy easy access to neighborhood restaurants, coffee shops, parks, the Mississippi River trail system, St. Anthony Main, and convenient public transportation, all while being minutes from the University of Minnesota campus and downtown employment centers. With its irreplaceable infill location, durable rental demand, and long-term appreciation potential, 404 8th St SE represents an outstanding opportunity for both private investors and 1031 exchange buyers seeking a high-quality multifamily asset in one of Minneapolis' most established investment corridors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $750,000 |
| No. of Units: | 4 |
| Year Built: | 1910 |
| Lot Size: | 0.23 Acres |
| Opportunity Zone: | No |
| Price per unit: | $187,500 |
| Property Website | Click Here |
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