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$2,300,000
Est. payment /mo
30 Beds
12 Baths
10,131 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Mill Cos Add To St Anthony Falls
MLS Listing ID 6826518
Bedrooms 30
Year Built 1925
Annual Tax Amount $7,496
Tax Year 2025
Contingent None
Lot Size 10131.000 Acres
Lot Dimensions 66x165x51
Property Description
Investment opportunity. Six units, two buildings, all new with 5BRs, 2BA and Laundry in each unit. 814 is currently leased for $9250 month, one unit is rented for $3000 in 816 building with two units being advertised. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 814 & 816 6th Street SE: Common Lot Development. Both 814 and 816 6th Street SE exist on a single parcel under one PID and were developed as a Common Lot Development in the Marcy-Holmes neighborhood. Together, 814 & 816 6th Street SE form a unified six-unit multifamily asset on a single PID, built and renovated to modern 2020s standards. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (814) and One slab-on-grade new construction triplex (816). A total of six modern, code-compliant residential units were created on the shared lot. Both properties were built to current building, mechanical, electrical, plumbing, zoning, and life-safety standards, including separate utility services, fire systems, and modern energy-efficient components. 814 6th Street SE – Full Gut Renovation & Triplex Conversion: 814 began as an older duplex and was transformed into a three-level triplex through a complete gut renovation and addition. Other than the foundation and the first- and second-floor exterior walls, the structure is essentially new construction. Full interior demolition and rebuild. Added a third story to convert the duplex into a triplex. Constructed a three-story treated-wood rear deck. * 816 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 816 was built as a brand-new slab-on-grade triplex, designed to complement 814 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 814 to maintain continuity across the parcel. *Structural & Exterior:Ground-up slab-on-grade new construction. LP SmartSide exterior siding. New exterior paint. Pre-finished soffit & fascia. Architectural asphalt shingle roof. Batt + poly insulation package. Single-hung Vector windows, matching 814. Interior staircase access to each unit. *Mechanical, Electrical & Plumbing: New water and new sewer service runs. Three separate electrical services/meters (one per unit). Three independent forced-air heating and cooling systems (Magic-Pak) Three 40-gallon electric water heaters. All electric appliances (ranges, dryers, etc.), consistent with 814. New plumbing system throughout.* Interior Construction & Finishes: LVP flooring throughout. Kitchens and bathrooms identical in finish level to 814, including: Legacy soft-close cabinetry. Quartz countertops. Tile backsplash. Stainless steel appliances. Tile shower surrounds. New trim, interior doors, and full interior paint/enamel. Stackable washer/dryer hookups in each unit. *Both buildings offer: Separate utilities, Updated life-safety systems, Uniform design language and material quality, Low-maintenance exterior finishes.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling Central Air, Zoned
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Other
Utilities Available Electric Separate, Heating Separate
Roof Type Age 8 Years or Less,Asphalt
Present Use Residential
Building
Story Three Or More
Foundation 2024
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction true
Schools
School District Minneapolis
Others
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Listed by Martin Morgan • Morgan And Trust Realty
Nearby School & Business
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