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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.

Compass is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Mike Stanwood Realtor/GRI is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Mike Stanwood Realtor/GRI, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 12/4/2025 2:50:00 PM.

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.

Compass is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Mike Stanwood Realtor/GRI is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Mike Stanwood Realtor/GRI, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 12/4/2025 2:50:00 PM.