814 6th Street SE, Minneapolis, MN 55414

$2,300,000
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: 3/24/2026

Overview

Description

Investment opportunity. Six units, two buildings, all new with 5BRs, 2BA and Laundry in each unit. 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
Waterfront Present
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
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
814-2
Full Baths
Yes
Three-Quarter Baths
Yes
Total Bathrooms
2
Total Bedrooms
5
Total Rooms
9
Level
2nd Level
Unit Total SqFt
1631
Leased?
No

Unit 2

Full Baths
Yes
Leased?
No
Level
Main Level
Three-Quarter Baths
Yes
Total Bathrooms
2
Total Bedrooms
5
Total Rooms
9
Unit Number
814-1
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. 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
IDX
Last Updated: March - 24 - 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.