Legal Multifamily Properties for Sale

Commercial Real Estate in Legal available for sale

Apartment Buildings for Sale Within of Legal

5015 48 St

Legal, AB T0G 0B1

Multifamily for Sale
$699,900 CAD
2,845 SF

Legal Multifamily for Sale

7-UNIT CASH FLOWING MULTI-FAMILY Strong In-Place Income | Rental Upside | Undersupplied Market Excellent 7-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY in the growing community of Legal, Alberta. This cash-flowing asset offers STRONG IN-PLACE INCOME with significant upside potential in an undersupplied rental market. Fully tenanted with a diverse unit mix consisting of 4 x 2-bedroom, 1 x 3-bedroom, 2 x 1-bedroom, and 1 bachelor suite, providing excellent tenant diversification and stable revenue. Current annual gross income of approximately $96,400 with opportunity to increase rents over time as units turn over to market rates. Strong projected NOI and attractive cap rate potential make this an ideal addition to any investment portfolio. Strategically located within commuting distance to Edmonton, Legal continues to benefit from regional growth and demand for affordable housing. Limited competition in this asset class and increasing interest in secondary markets create compelling long-term upside. A rare chance to acquire a TURNKEY income-producing property with immediate cash flow and future appreciation potential.

Contact:

Calvin Realty

Property Subtype:

Apartment

Date on Market:

2026-04-21

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Multifamily Properties for Sale in Legal

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How many multifamily properties are available for sale in Legal?

There are currently 1 multifamily properties available for sale in Legal, offering a unique opportunity for businesses to establish a presence.

How big are the multifamily properties available for sale in Legal?

The average size of multifamily properties available for sale in Legal is about 2,845 SF. The largest multifamily properties available to buy is 2,845 SF and the smallest is 2,845 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for multifamily properties in Legal?

The average market cap rate for multifamily properties for sale is about 6.50% based on data provided in Legal. Learn more about how cap rates are calculated.

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Multifamily Property for Sale near Legal