Red Wing, MN - 480 W 8th St - 6 UNITS - $1,350,000

The Downton Abbey is located in the historic city of Red Wing, Minnesota. Just a few short blocks to the downtown central business district and the iconic St. James Hotel. Claimed to be one of the oldest cities in all of Minnesota, it is storied with a rich history. Originally built in 1965 for the sisters of Saint Jospeh parish as a convent, this stunning three story all-brick building was transformed in 2025 with six well-appointed units. There are two 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread out over the main and upper floors. The interior has been totally updated with new custom kitchens, quartz countertops, undermount sinks, stainless steel appliances including full size dishwashers and built-in microwaves, and energy-efficient Whirlpool name-brand stack washers and dryers in all apartments. The exterior has received a 30-year pitched asphalt shingled roof, Andersen series 100 windows, and the brick was tuck-pointed. The units offer luxury vinyl plank flooring, LED lighting, Kohler plumbing fixtures, tiled shower surrounds, two panel shaker interior doors, and plush carpeting in the bedrooms. Brand new electrical, plumbing, and sprinkler systems installed. Sits on an oversized corner lot with 0.38+ acres and a freshly laid 12-stall parking lot for residents to enjoy. Walking distance to shops, restaurants, churches, and the entertaining Sheldon Theatre of performing arts!

Saint Paul, MN - 1145 7th St W - 7 UNITS - $735,000

WEST 7TH STREET APARTMENTS IS A CLASSIC ALL-BRICK SEVEN-UNIT BUILDING CLOSE TO DOWNTOWN SAINT PAUL, THE MALL OF AMERICA, AND THE MPLS/ST.PAUL INTERNATIONAL AIRPORT. THIS PROPERTY HAS BEEN VERY WELL MANAGED AND CARED FOR OVER THE YEARS, CLEAN AND CONSTRUCTED IN 1966. RESIDENTS ENJOY THE OFF-STREET PARKING LOT ALONG WITH THE OPTION TO RENT ONE OF THE FOUR GARAGES. THERE IS ONSITE COIN LAUNDRY AND EXTRA STORAGE LOCKERS FOR RESIDENTS. CURRENTLY ALL THE UNITS ARE RENTED AND EACH TENANT PAYS FOR THEIR OWN SEPARATE ELECTRIC. OWNER PAYS HEAT, WATER AND TRASH. ALL FOUR UPPER APARTMENTS FEATURE OAK HARDWOOD FLOORING AND THEY ALL HAVE WALL AIR CONDITIONING UNITS. SPACIOUS ROOMS AND ONE OF THE LOWER LEVEL UNITS IS A SPECIAL TWO-BED TWO-BATHROOM UNIT! A NEW OWNER CAN RAISE RENTS ON LEASE RENEWALS TO CAPTURE A HIGHER RETURN ON THEIR INVESTMENT! NET OPERATING INCOME $50,974 AND A TRUE 7+ CAP RATE

Hopkins, MN - 434 Blake Rd N - 37 UNITS - PRICED TO MARKET

CREEKVIEW APARTMENTS IS A PRISTINE CLASS “C” ASSET IN A PRIME RE-DEVELOPMENT AREA! NUMEROUS UPGRADES THROUGHOUT THE PROPERTY. 26 OF THE 37 APARTMENTS HAVE BEEN FULLY REMODELED! ROOF REPLACED IN 2015, NEW WINDOWS & ENTRY DOORS IN 2016. THIS AREA RECENTLY HAS BEEN HIGHLY SOUGHT AFTER WITH ALL THE NEWER “SHOPPES AT KNOLLWOOD” AND THE METRO GREEN LINE SOUTHWEST LIGHT RAIL TRANSIT. THE BUILDING HAS ROOM TO ADD ANOTHER 38TH UNIT, AN OFFICE, OR RE-PURPOSE THE PROPERTY INTO AN INDEPENDENT SENIOR LIVING FACILITY. CURRENTLY FULLY OCCUPIED TURN-KEY MULTI-FAMILY INVESTMENT OPPORTUNITY!! RENTS AVG. STUDIO $1,087, AVG. 1-BD $1,166, AVG. 2-BD $1,300. CURRENT IN PLACE NET OPERATING INCOME OVER $348,000+ WITH ROOM TO ORGANICALLY RAISE RENTS OVER THE NEXT FEW YEARS IN A NON-RENT CONTROL CITY OF HOPKINS, MN.

Saint Paul, MN - 57 UNITS - 1040/1052/1076 Agate St - $4,950,000

Don't miss this fantastic opportunity to own a stunning 3 building portfolio. Featuring 17 - efficiency studio, one bath units and 40 - one bedroom, one bath units. Residents pay unit electric and owner pays for heat, water, and trash. Ideal for the new owner to impliment a RUBS program to capture a higher ROI.

The brick exterior façade makes this property shine. These buildings are very clean and well cared for. They are located on four adjacent parcels (3 buildings and an extra parcel for parking) totaling 1.60 acres.

Property Facts

• Year Built: 1963-1965

• Lot Size: Total of 1.60 Acres on four adjacent parcels

• Units: 57 - mix of efficiency and 1 bedroom

• Zoning: R4 / Multiple-family District

• Parking: Surface parking lots for all the tenants

• Exterior: Brick & Stucco Exterior

• Heating: All 3 buildings have hot water boilers

• Roof: Flat and Pitched

Unit Description

• 40 Units - One Bedroom, One Bath

• 17 Units - Efficiency, One Bath

Price: $4,950,000  

Information is deemed reliable but not guaranteed.  Buyer and Buyer's agent to verify all details.  

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