Listed by Square Foot Commercial - Crary Real Estate
$505,000
Roselawn Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,180
Units 12
Cap Rate 6.52%
NOI $32,930
Occupancy 92%
Tenancy Multi
Year Built 1967
Buildings 1
Stories 2
Acreage 0.480
Investment Type Stabilized
Multifamily | 12 Units | $42,083/unit
Marketing description
Square Foot Commercial Group presents the exclusive listing of Roselawn Apartments — a 12-unit multifamily property in Roseau, MN. Offered at $505,000, this asset delivers stable cash flow in a supply-constrained northern Minnesota market anchored by Polaris Industries, one of the region's largest employers.
Investment highlights
- 2025 capital work completed — plumbing, appliances, flooring, and painting invested by current ownership
- Near-full occupancy — 11 of 12 units occupied as of July 2026; Unit 10 underwritten at $600/mo pro forma
- Rent growth realized — avg. rents increased across all unit types since 2025; current avg. $613/unit
- Workforce housing demand anchored by Polaris Industries and regional healthcare employers
- Brick construction, electric tenant metering — durable asset with limited owner utility exposure
Listing Contacts
Listed by Square Foot Commercial - Crary Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,930.00
$2,744.17/mo
Valuation Metrics
0
DSCR
6.52%
Cap Rate
6.52%
ROI
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Property History
Tax History
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