$730,000

228 40th Avenue NE, Columbia Heights MN, 55421

Price per sqft$110.61

Built in1962

Property size6,600 sqft

Property typeCommercial

Courtesy of RE/MAX Results, Michael J Gross Listing Contact:

Overview

Sold

Listed Jun 17, 2025

Updated 3 weeks ago

Fully rented and updated 8-unit apartment building; 7 two-bedrooms and one studio! Recent updates include a newer boiler, windows, washer/dryer with credit card reader, and new flooring in many units. Enjoy a 7.5% CAP rate at current rents, and some units are renting below market rates.

Additional information

MLS^® ID: 6739026

Interior Features

Bedrooms: 14
Bathrooms: 8
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.37 Acres

Other Property Details

Taxes: $15,847
Tax Frequency: Annually
Maintenance Expense: $3,500

Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Market Homes Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 11:33 AM UTC on 8/27/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026 Northstar MLS . All rights reserved.

DMCA Notice