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Columbia Heights, MN 55421

New Listing

$615,000

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Property Type: Commercial Lot Size (sq. ft.): 10,890 Status: Active

Current Price: $615,000 List Date: 7/15/2026 Last Modified: 7/16/2026

Overview

Description

Proactively maintained five-unit building on the western side of Columbia Heights’ Huset Park neighborhood. Easy access to NE Minneapolis amenities & I-694 via University Ave. The property is only blocks from Huset Park & numerous local neighborhood businesses on 40th Ave NE. The unit mix is one large 3BR plus four 2BR units, currently 100% occupied. Detail-oriented owners have kept this a solid & stable building. Major mechanicals already updated include: boiler (2022), water heater (2021) & electrical. Six off-street parking spaces. A new owner or manager can step into place & focus on cash flow instead of planning major repairs, on a building that has been cared for the right way by hands-on ownership. Great fit for an investor who wants a stable, fully occupied property that has actually been well maintained.

Listing Details MLS# 7104548

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Waterfront YN: No
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1632
For Sale or Lease: For Sale
Acres: 0.25
Lot Dimensions: 7 x 150
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick Veneer; Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Lock Box Type: Combo On Site Utilities: Electric Separate; Heating Common Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 615000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Columbia Heights
County: Anoka
State: MN
Zip Code: 55421
Complex/Dev/Subdivision: Rear Bl C Col Heights Annex

Assessments

Tax With Assessments: 10413
Assessment Balance: 0

Building Information

Building Finished SqFt: 4450

More Information

Income and Expenses

Annual Gross Expenses: 28709
Annual Gross Income: 75671
Annual Net Income: 46962

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 35
Township#: 30

Sale Options

Sale Includes: Building, Land

Unit 2

No. of 2 Bedroom Units: 4

Unit 3

No. of 3 Bedroom Units: Yes

Unit Details

Total Units: 5

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: REARR OF BLK C OF COL HTS ANNEX CITY OF COLUMBIA HEIGHTS S 1/2 OF E 1/2 OF LOT 8, BLK 1, REARR OF BLOCK C
Listing City: Columbia Heights
Map Page: 92
Municipality: Columbia Heights
School District: Columbia Heights
School District Phone: 763-528-4500
Zip Plus 4: 3068
Property ID Number: 353024240172
Tax Year: 2026
Tax Amount: 10413
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Proactively maintained five-unit building on the western side of Columbia Heights’ Huset Park neighborhood. Easy access to NE Minneapolis amenities & I-694 via University Ave. The property is only blocks from Huset Park & numerous local neighborhood businesses on 40th Ave NE. The unit mix is one large 3BR plus four 2BR units, currently 100% occupied. Detail-oriented owners have kept this a solid & stable building. Major mechanicals already updated include: boiler (2022), water heater (2021) & electrical. Six off-street parking spaces. A new owner or manager can step into place & focus on cash flow instead of planning major repairs, on a building that has been cared for the right way by hands-on ownership. Great fit for an investor who wants a stable, fully occupied property that has actually been well maintained.
Directions: University Ave to 44th Ave NE, one block east to 4th Street NE

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick Veneer: Yes
Stucco: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lock Box Type

Combo: Yes

Parking Characteristics

Parking Lot: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes

On Site Utilities

Electric Separate: Yes
Heating Common: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Listing Office: MRG Realty Partners, LLC

Last Updated: July - 16 - 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.