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446 Madison St NE
Minneapolis, MN 55413 St Anthony East

$825,000 USD

Apartments For Sale  •  5,716 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,716 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1888
  • Cap Rate 7.91 %
  • Zoning Multi-Family
70 Transit Score
70 Walk Score

Highlights

Outstanding occupancy history- fewer than 30 cumulative vacancy days across all units in 16 years.
Turnkey property- fully updated electrical and plumbing by current owners
Updated mechanicals- 3 of 4 water heaters replaced since 2021, furnace and radiators less than 4 years old
Kitchens and baths fully updated
3 units with private laundry, 1 unit uses basement laundry
Tenants pay electric and gas

Property Flyers

Financial Summary (Actual)

Net Operating Income: $63,345 USD (2026)
Cap Rate: 7.91 %
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 & Rail Platform (Northstar Commuter Rail - Metro Transit) 6 min - 2.0 mi
Fridley Station & Platform (Northstar Commuter Rail - Metro Transit) 13 min - 6.6 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 24 min - 11.8 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