404 8th St SE 4 Unit Apartment Building $1,065,158 CAD ($266,289 CAD/Unit) 6.78% Cap Rate Minneapolis, MN 55414

404 8th St SE presents an exceptional opportunity to acquire a well-located four-unit apartment building in the heart of Minneapolis' highly sought-after Marcy-Holmes neighborhood. Situated just blocks from the University of Minnesota, the property benefits from one of the Twin Cities' strongest and most consistent rental markets, fueled by a diverse tenant base of students, graduate students, faculty, medical professionals, and young professionals.
The property's desirable location, combined with its proven rental performance, provides investors with stable in-place income and the opportunity to further enhance cash flow through strategic rent growth and operational improvements. Marcy-Holmes continues to experience strong rental demand due to its walkability, neighborhood amenities, and convenient access to Downtown Minneapolis, making it a premier destination for long-term multifamily investment.
Residents enjoy easy access to neighborhood restaurants, coffee shops, parks, the Mississippi River trail system, St. Anthony Main, and convenient public transportation, all while being minutes from the University of Minnesota campus and downtown employment centers. With its irreplaceable infill location, durable rental demand, and long-term appreciation potential, 404 8th St SE represents an outstanding opportunity for both private investors and 1031 exchange buyers seeking a high-quality multifamily asset in one of Minneapolis' most established investment corridors.