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34334045

404 8th St SE, Minneapolis, MN 55414 For Sale

RD
MN MN40961803
Kiser Group
Kiser Group
Listed by Kiser Group
$750,000
11 days on market
Updated 11 days ago

404 8th St SE

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,616
Units 4
Tenancy Single
Year Built 1910

Multifamily | 4 Units

Marketing 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.

Ideally located in the heart of the Marcy-Holmes neighborhood just steps from Dinkytown, 404 8th St SE offers investors a premier location in one of Minneapolis' strongest rental markets. The property is within easy walking distance of the University of Minnesota Twin Cities, creating a deep and consistent tenant pool of students, graduate students, faculty, and young professionals. Residents enjoy immediate access to Dinkytown's vibrant mix of restaurants, coffee shops, nightlife, and retail while also being minutes from the Stone Arch Bridge, St. Anthony Main, the Mississippi River trail system, and downtown Minneapolis. Excellent public transportation, bike infrastructure, and convenient access to major roadways further enhance the property's appeal, making this an exceptional long-term investment in one of the Twin Cities' most desirable rental submarkets. The location's proximity to campus and neighborhood amenities has made it a consistently sought-after area for off-campus housing and year-round rental demand.


Investment highlights

  • 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.

Listing Contacts

RD
MN MN40961803
Kiser Group
Kiser Group
Listed by Kiser Group

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Additional Information

Name
Robert Dulin
License
MN40961803
Brokerage
Kiser Group
Title
Managing Broker (MN)
Brokerage Address
200 Southdale Center
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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