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814 6th Street SE, Minneapolis, MN 55414

$2,300,000

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https://obeo.vr-360-tour.com/e/yg0BmxYBiTc/e

814 2nd and 3rd Floor units identical.jpg

Property Type: Commercial Bedrooms: 30 Baths: 12 Lot Size (sq. ft.): 10,131 Status: Active

Current Price: $2,300,000 List Date: 12/12/2025 Last Modified: 6/09/2026

Overview

Description

Investment opportunity. Six units, two buildings, all new with 5BRs, 2BA and Laundry in each unit. 814 is currently leased for $9250 month. 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. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (814) and One slab-on-grade new construction triplex (816). A total of six modern, code-compliant residential units were created o ... (Read more) Investment opportunity. Six units, two buildings, all new with 5BRs, 2BA and Laundry in each unit. 814 is currently leased for $9250 month. 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. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (814) and One slab-on-grade new construction triplex (816). A total of six modern, code-compliant residential units were created on the shared lot. Both properties were built to current building, mechanical, electrical, plumbing, zoning, and life-safety standards, including separate utility services, fire systems, and modern energy-efficient components. 814 6th Street SE – Full Gut Renovation & Triplex Conversion: 814 began as an older duplex and was transformed into a three-level triplex through a complete gut renovation and addition. Other than the foundation and the first- and second-floor exterior walls, the structure is essentially new construction. Full interior demolition and rebuild. Added a third story to convert the duplex into a triplex. Constructed a three-story treated-wood rear deck. * 816 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 816 was built as a brand-new slab-on-grade triplex, designed to complement 814 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 814 to maintain continuity across the parcel. *Structural & Exterior:Ground-up slab-on-grade new construction. LP SmartSide exterior siding. New exterior paint. Pre-finished soffit & fascia. Architectural asphalt shingle roof. Batt + poly insulation package. Single-hung Vector windows, matching 814. Interior staircase access to each unit. *Mechanical, Electrical & Plumbing: New water and new sewer service runs. Three separate electrical services/meters (one per unit). Three independent forced-air heating and cooling systems (Magic-Pak) Three 40-gallon electric water heaters. All electric appliances (ranges, dryers, etc.), consistent with 814. New plumbing system throughout.* Interior Construction & Finishes: LVP flooring throughout. Kitchens and bathrooms identical in finish level to 814, including: Legacy soft-close cabinetry. Quartz countertops. Tile backsplash. Stainless steel appliances. Tile shower surrounds. New trim, interior doors, and full interior paint/enamel. Stackable washer/dryer hookups in each unit. *Both buildings offer: Separate utilities, Updated life-safety systems, Uniform design language and material quality, Low-maintenance exterior finishes.

Listing Details MLS# 6826518

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Year Built: 1925
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Size SqFt: 10131
Foundation Size: 2024
For Sale or Lease: For Sale
Lot Dimensions: 66x165x51
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air; Zoned Amenities Shared: None Amenities Unit: Indoor Sprinklers; Kitchen Center Island Assumable Loan: Not Assumable Basement: Crawl Space CMU Style: Apartments/Multi Family Construction Status: Completed New Construction Current Use: Residential Exterior: Cement Board; Vinyl Foundation: Concrete Block; Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Separate; Heating Separate Owner Pays: Grounds Care; Insurance; Maintenance/Repair; Taxes; Trash Collection; Water Parking Characteristics: Other Rent Rate per Foot: Gross; Per Month Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Electricity; Gas; Heat Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2300000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 814
Street Name: 6th
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Mill Cos Add To St Anthony Falls

Assessments

Tax With Assessments: 8261
Assessment Balance: 0
Assessment Installment: 0

Basement

Foundation Dimensions: 44x46 35x58
Crawl Space: Yes

More Information

Building Information

Building Finished SqFt: 9981
Building SqFt: 4893
Ceiling Height: 8-10

Income and Expenses

Annual Gross Expenses: 44620
Annual Gross Income: 234000
Annual Insurance Expense: 9000
Annual Maintenance Expense: 2400
Annual Net Income: 189380
Annual Repair Expense: 2400
Annual Trash Expense: 3600
Annual Water/Sewer Expense: 2400
Total Annual Expenses: 44620
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 24
Township#: 29

Sale Options

Sale Includes: Building, Land, Leases

Unit 1

Unit Number: 814-1
Monthly Rent: 3000
Full Baths: Yes
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Level: Main Level
Unit Total SqFt: 1631
Leased?: Yes
Lease Expiration Date: 2027-05-31

Unit 2

Full Baths: Yes
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: 2nd Level
Monthly Rent: 3000
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 814-2
Unit Total SqFt: 1631

Unit 3

Full Baths: Yes
Lease Expiration Date: 2027-08-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 3250
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 814-3
Unit Total SqFt: 1631

Unit 4

Full Baths: 2
Leased?: No
Level: Main Level
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 816-1
Unit Total SqFt: 1696

Unit 5

Full Baths: 2
Leased?: No
Level: 2nd Level
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 816-2
Unit Total SqFt: 1696

Unit 6

Full Baths: 2
Leased?: No
Level: 3rd Level
Total Bathrooms: 2
Total Bedrooms: 5
Total Rooms: 9
Unit Number: 816-3
Unit Total SqFt: 1696

Unit Details

Total Units: 6

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 008 BLOCK 007 MILL COS ADDN TO ST ANTHONY FALLS EX HWY
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3018
Property ID Number: 2402924230034
Tax Year: 2025
Tax Amount: 7496
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Investment opportunity. Six units, two buildings, all new with 5BRs, 2BA and Laundry in each unit. 814 is currently leased for $9250 month. 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. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (814) and One slab-on-grade new construction triplex (816). A total of six modern, code-compliant residential units were created on the shared lot. Both properties were built to current building, mechanical, electrical, plumbing, zoning, and life-safety standards, including separate utility services, fire systems, and modern energy-efficient components. 814 6th Street SE – Full Gut Renovation & Triplex Conversion: 814 began as an older duplex and was transformed into a three-level triplex through a complete gut renovation and addition. Other than the foundation and the first- and second-floor exterior walls, the structure is essentially new construction. Full interior demolition and rebuild. Added a third story to convert the duplex into a triplex. Constructed a three-story treated-wood rear deck. * 816 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 816 was built as a brand-new slab-on-grade triplex, designed to complement 814 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 814 to maintain continuity across the parcel. *Structural & Exterior:Ground-up slab-on-grade new construction. LP SmartSide exterior siding. New exterior paint. Pre-finished soffit & fascia. Architectural asphalt shingle roof. Batt + poly insulation package. Single-hung Vector windows, matching 814. Interior staircase access to each unit. *Mechanical, Electrical & Plumbing: New water and new sewer service runs. Three separate electrical services/meters (one per unit). Three independent forced-air heating and cooling systems (Magic-Pak) Three 40-gallon electric water heaters. All electric appliances (ranges, dryers, etc.), consistent with 814. New plumbing system throughout.* Interior Construction & Finishes: LVP flooring throughout. Kitchens and bathrooms identical in finish level to 814, including: Legacy soft-close cabinetry. Quartz countertops. Tile backsplash. Stainless steel appliances. Tile shower surrounds. New trim, interior doors, and full interior paint/enamel. Stackable washer/dryer hookups in each unit. *Both buildings offer: Separate utilities, Updated life-safety systems, Uniform design language and material quality, Low-maintenance exterior finishes.
Directions: 4th St to 8th Ave, turn on 5th St SE on one way to property

Accessible

None: Yes

Air Conditioning

Central Air: Yes
Zoned: Yes

Amenities Shared

None: Yes

Amenities Unit

Indoor Sprinklers: Yes
Kitchen Center Island: Yes

Assumable Loan

Not Assumable: Yes

Construction Status

Completed New Construction: Yes

Exterior

Cement Board: Yes
Vinyl: Yes

Foundation

Concrete Block: Yes
Slab: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Owner Pays

Grounds Care: Yes
Insurance: Yes
Maintenance/Repair: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Other: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

No. of Ranges

Six or More: Yes

No. of Refrigerators

Six or More: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Heat: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Rent Rate per Foot

Gross: Yes
Per Month: Yes

Listing Office: Morgan And Trust Realty

Last Updated: June - 09 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.