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12751-12771 Greenwood Dr 25 Unit Apartment Building For Sale Burnsville, MN 55337
Executive Summary
Colliers is pleased to present the exclusive opportunity to acquire Greenwood Apartments, a 25-unit multifamily community located in Burnsville, Minnesota. Originally
constructed in 1985 as for-sale condominium units, the property offers a mix of one- and two-bedroom floor plans averaging 835 square feet across 2.11 acres. Every unit features an in-unit washer/dryer and private patio or balcony. 23 individual garage stalls provide a reliable ancillary revenue stream and a differentiated amenity within the submarket.
Positioned at the intersection of Highway 13 and I-35W, Greenwood offers residents direct access to the Twin Cities highway network. Downtown Minneapolis is approximately 20 minutes north and MSP International Airport is 15 minutes east. The surrounding commercial corridor includes national retailers, a broad dining and entertainment mix, and proximity to Twin Cities Premium Outlets in adjacent Eagan.
The property is currently 96% occupied with average in-place rents of $1,407 ($1.69 PSF). All units have been upgraded since 2018 with a mixture of new flooring, kitchens, paint, and appliances, completing the renovation program and reducing near-term capital requirements for a new owner.
The Twin Cities multifamily market is acutely supply-constrained, with only 3,747 units currently under construction against annual demand of 6,678 — less than one year of effective supply. Annual deliveries in 2025 totaled 3,632 units, less than one-third of the prior five-year average of 10,275. Greenwood Apartments is well-positioned to capture continued rent growth while delivering stable, day-one cash flow in one of the region’s
most established suburban submarkets.
constructed in 1985 as for-sale condominium units, the property offers a mix of one- and two-bedroom floor plans averaging 835 square feet across 2.11 acres. Every unit features an in-unit washer/dryer and private patio or balcony. 23 individual garage stalls provide a reliable ancillary revenue stream and a differentiated amenity within the submarket.
Positioned at the intersection of Highway 13 and I-35W, Greenwood offers residents direct access to the Twin Cities highway network. Downtown Minneapolis is approximately 20 minutes north and MSP International Airport is 15 minutes east. The surrounding commercial corridor includes national retailers, a broad dining and entertainment mix, and proximity to Twin Cities Premium Outlets in adjacent Eagan.
The property is currently 96% occupied with average in-place rents of $1,407 ($1.69 PSF). All units have been upgraded since 2018 with a mixture of new flooring, kitchens, paint, and appliances, completing the renovation program and reducing near-term capital requirements for a new owner.
The Twin Cities multifamily market is acutely supply-constrained, with only 3,747 units currently under construction against annual demand of 6,678 — less than one year of effective supply. Annual deliveries in 2025 totaled 3,632 units, less than one-third of the prior five-year average of 10,275. Greenwood Apartments is well-positioned to capture continued rent growth while delivering stable, day-one cash flow in one of the region’s
most established suburban submarkets.
Property Facts
| Sale Type | Investment | Lot Size | 2.11 AC |
| No. Units | 25 | Building Size | 19,600 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1985/2018 |
| Building Class | C | Parking Ratio | 1.93/1,000 SF |
| Zoning | R-1 - Residential | ||
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.11 AC |
| Building Size | 19,600 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2018 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | R-1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Patio
Site Amenities
- Renters Insurance Program
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 726 - 752 |
| 2+1 | 17 | - | 874 - 1,000 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,595,232 CAD | |
| Land Assessment | $1,007,750 CAD | Total Assessment | $5,602,982 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,007,750 CAD
Improvements Assessment
$4,595,232 CAD
Total Assessment
$5,602,982 CAD
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12751-12771 Greenwood Dr
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