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446 Madison St NE
Minneapolis, MN 55413 St Anthony East

$885,000 USD

Multifamily For Sale  •  5,000 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 5,716 SF
  • Lot Size 0.15 AC
  • Year Built 1888
  • Cap Rate 7.14 %
  • Zoning Multi-Family
70 Transit Score
70 Walk Score

Highlights

Outsanding occupancy history- fewer than 30 cumulative vacancy days across all units in 16 years.
Pro forma cap rate of 7.41% with modest revenue enhancements
Self-managed to keep expenses minimal

Property Flyers

Financial Summary (Actual)

Net Operating Income: $63,345 USD (2026)
Cap Rate: 7.14 %
Total Expenses: $22,515 USD

Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Laundry Facilities
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Vintage Building
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Porch
  • Public Transportation
  • Smoke Detector
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 7 min - 2.1 mi
Fridley Station (Northstar Corridor - Northstar Commuter Rail) 15 min - 6.9 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 27 min - 12.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: OneCarGarage
Included in Rent: Yes
Jennifer Geisinger 612-599-4677 Luke Real Estate
Jennifer Geisinger 612-599-4677 Luke Real Estate