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Northern Minnesota Portfolio 9 Multifamily Properties in Multiple Locations
Investment Highlights
- Portfolio-wide Occupancy at 97%
- Diversified across healthcare, mining, university, and industrial employment bases
- Significant capital invested across all 9 properties in recent years
- Workforce housing with durable demand and limited new competing supply
Executive Summary
CBRE Minneapolis Multifamily is pleased to present the Northern Minnesota Portfolio — a 9-property, 383-unit collection spanning seven cities across northeastern Minnesota and the Fargo-Moorhead metro. The portfolio offers investors meaningful scale in markets defined by stable, workforce-driven renter demand, limited new supply, and a consistent track record of strong occupancy.
These properties are long-term owned and have been actively maintained through targeted capital programs across roofing, mechanical systems, site infrastructure, and unit interiors. The portfolio spans a diverse geography — from Duluth’s established healthcare and university submarkets to the Iron Range’s mining-anchored communities and the Fargo-Moorhead metro’s growing employment base — providing an investor with natural diversification across employment drivers, geographies, and asset profiles. Each property benefits from strong in-place occupancy, with the majority at/near 100%, and offers inherent opportunity for continued rent growth and operational efficiency under new ownership.
These properties are long-term owned and have been actively maintained through targeted capital programs across roofing, mechanical systems, site infrastructure, and unit interiors. The portfolio spans a diverse geography — from Duluth’s established healthcare and university submarkets to the Iron Range’s mining-anchored communities and the Fargo-Moorhead metro’s growing employment base — providing an investor with natural diversification across employment drivers, geographies, and asset profiles. Each property benefits from strong in-place occupancy, with the majority at/near 100%, and offers inherent opportunity for continued rent growth and operational efficiency under new ownership.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 391,256 SF |
| Number of Properties | 9 | Total Land Area | 19.57 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 391,256 SF |
| Total Land Area | 19.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Julia Manor Apartments
410 W 3rd Ave N, Aurora, MN 55705 |
Multifamily | 16,000 SF | 1975 | - |
|
Chesterwood Apartments
723 Kenwood Ave, Duluth, MN 55811 |
Multifamily | 28,000 SF | 1976 | - |
|
Eastview Apartments
100 N Van Buren Ave, Eveleth, MN 55734 |
Multifamily | 48,488 SF | 1978 | - |
|
Colonial Village Apartments and Townhouses
1234 N Broadway, Fergus Falls, MN 56537 |
Multifamily | 73,465 SF | 1968 | - |
|
Broadway Apartments
623 West Fir, Fergus Falls, MN 56537 |
Multifamily | 38,400 SF | 1972 | - |
|
Carriage House Senior Apartments
3412 Village Green Blvd, Moorhead, MN 56560 |
Multifamily | 43,736 SF | - | - |
|
Park Villa Apartments
8515 Parkvilla Dr, Mountain Iron, MN 55768 |
Multifamily | 33,792 SF | 1990 | - |
|
Prairiewood Estates
3301-3318 16th Ave SW, Fargo, ND 58103 |
Multifamily | 76,000 SF | 1983 | - |
|
South Meadows
3246-3254 16th Ave S, Fargo, ND 58103 |
Multifamily | 33,375 SF | 1979 | - |
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Northern Minnesota Portfolio
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