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Investment Highlights

  • 8 total units across two adjacent fourplexes
  • Approximately 1,800–1,900 SF per unit | Central heating and air conditioning
  • Open-concept floor plans | Strong roommate appeal and consistent rental demand
  • All units are oversized 5-bedroom, 3-bathroom layouts
  • Modern construction with quality finishes | Stainless steel appliances and granite countertops
  • In-unit washer and dryer | Prime Northeast Minneapolis location minutes from Downtown and the University of Minnesota

Executive Summary

Kiser Group is pleased to present 1623–1629 Marshall Street NE, a rare opportunity to acquire two side-by-side fourplexes (8 units total) in the heart of Northeast Minneapolis. Built with today's renters in mind, every unit offers an exceptionally spacious 5-bedroom, 3-bathroom floor plan—an increasingly scarce product type that consistently attracts strong tenant demand from large households, roommates, and professionals seeking flexible living arrangements. The properties feature modern construction, open-concept layouts, high-end finishes, in-unit laundry, central air conditioning, stainless steel appliances, hardwood flooring, abundant natural light, and private outdoor space. The buildings were developed as modern multifamily assets with high-quality finishes and large floor plans of approximately 1,800–1,900 square feet per unit.
Located in the desirable Sheridan neighborhood of Northeast Minneapolis, the property benefits from immediate access to downtown Minneapolis, the University of Minnesota, major employers, restaurants, breweries, and the Mississippi River corridor. Residents enjoy a highly walkable neighborhood with convenient access to public transportation, bike trails, and the vibrant Northeast arts and entertainment district.
This offering presents investors with the opportunity to acquire a modern, low-maintenance asset featuring a highly differentiated unit mix that is difficult to replicate in today's development environment. The combination of oversized floor plans, contemporary finishes, and a premier Northeast Minneapolis location creates a compelling long-term investment with durable rental demand and attractive cash flow potential.
This is an exceptional opportunity for investors seeking a turnkey multifamily asset with modern amenities, minimal deferred maintenance, and a unit configuration that stands out in the Twin Cities rental market.

Property Facts

Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.15 AC
Building Size 5,412 SF
No. Stories 3
Year Built 2019
Zoning R3 - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Granite Countertops
  • Hardwood Floors
  • Stainless Steel Appliances
  • Tub/Shower
  • Deck
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
15-029-24-11-0181
Land Assessment
$137,443 CAD
Improvements Assessment
$1,475,166 CAD
Total Assessment
$1,612,609 CAD
  • Listing ID: 41581963

  • Date on Market: 2026-08-06

  • Last Updated:

  • Address: 1623-1629 Marshall NE st, Minneapolis, MN 55413

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