
Courtesy of: James Faillettaz, Keller Williams Premier Realty, jamesfaillettaz@kw.com
$880,000
|
11 bed
|
|
Lot: 0.16 Acres
|
|
Other
|
$880,000
1810 Portland Avenue Check out this fully stabilized, 11-unit multifamily building in South Minneapolis. This property hasbeen meticulously cared for by the owners for 25 years. Historic 99% occupancy with high-quality long-term tenants in place. Easy value add through rent bumps without having to take on any rehab. The building operates efficiently without third-party management, due to incredible caretakers. Recent upgrades include a new roof and resealed windows (2023), plus modern interior updates in over half the units, including renovated bathrooms and flooring. Each unit is separately metered with 11 off-street parking spaces for tenants. Located in an Opportunity Zone with lots of ongoing developments throughout the neighborhood.
Courtesy of: James Faillettaz, Keller Williams Premier Realty, jamesfaillettaz@kw.com
Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.