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814-816 6th St SE 814 6th St SE 6 Unit Apartment Building $3,129,173 CAD ($521,529 CAD/Unit) 7.71% Cap Rate Minneapolis, MN 55414
Investment Highlights
- 6 Rental Units: Each with 5BR, 2BA, Laundry in Unit
- New Construction of 816 6th and Complete Renovation of 814 6th
- Strong rental appeal in the Marcy-Holmes / University district
Executive Summary
Investment opportunity. Six units, two buildings, all new with 5BRs, 2BA and Laundry in each unit. 814 6th is fully leased for $9250 month. 816 6th Property is currently being advertised for lease at $3000-3250 per unit while in final stages of completion. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 814 & 816 6th Street SE: Common Lot Development. Both 814 and 816 6th Street SE exist on a single parcel under one PID and were developed as a Common Lot Development in the Marcy-Holmes neighborhood. Together, 814 & 816 6th Street SE form a unified six-unit multifamily asset on a single PID, built and renovated to modern 2020s standards.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,129,173 CAD | Property Subtype | Apartment |
| Price Per Unit | $521,529 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.71% | Building Size | 9,981 SF |
| Gross Rent Multiplier | 9.8 | Average Occupancy | 50% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | Multi Family - BFI3 / Interior 3 Built Form Overlay District UA / University Area Overlay District UN2 / Urban Neighborhood District | ||
| Price | $3,129,173 CAD |
| Price Per Unit | $521,529 CAD |
| Sale Type | Investment |
| Cap Rate | 7.71% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 9,981 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | Multi Family - BFI3 / Interior 3 Built Form Overlay District UA / University Area Overlay District UN2 / Urban Neighborhood District |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Island Kitchen
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 6 | $4,422 CAD | 1,631 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 24-029-24-23-0034 | Total Assessment | $563,070 CAD (2024) |
| Land Assessment | $221,940 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $341,130 CAD (2024) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
24-029-24-23-0034
Land Assessment
$221,940 CAD (2024)
Improvements Assessment
$341,130 CAD (2024)
Total Assessment
$563,070 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 2026
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814-816 6th St SE | 814 6th St SE
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