2715 Hennepin Ave 5 Unit Apartment Building $800,000 ($160,000/Unit) 6.80% Cap Rate Minneapolis, MN 55408

2715 Hennepin Ave presents an outstanding opportunity to acquire a well-positioned 5-unit apartment building in the heart of Uptown Minneapolis, one of the Twin Cities' most recognizable and enduring multifamily investment markets. Located along the highly sought-after Hennepin Avenue corridor, the property offers investors a rare combination of stable in-place cash flow, long-term appreciation potential, and value-add upside in a neighborhood known for its strong rental fundamentals and walkable urban lifestyle.
The asset benefits from a premier infill location that consistently attracts young professionals, graduate students, and long-term renters seeking convenient access to Uptown's vibrant mix of restaurants, coffee shops, breweries, neighborhood retail, and entertainment. Residents also enjoy close proximity to Lake of the Isles, Bde Maka Ska, Cedar Lake, and the Midtown Greenway, providing an exceptional balance of urban convenience and outdoor recreation. Downtown Minneapolis and major employment centers are just minutes away, with excellent access to public transportation and major transportation corridors.
Supported by durable rental demand and favorable market fundamentals, 2715 Hennepin Ave offers investors immediate income generation with opportunities to further increase Net Operating Income through strategic rent growth, expense optimization, and continued professional management. Whether acquired as a long-term hold or an addition to an expanding multifamily portfolio, this property represents a compelling investment opportunity in one of Minneapolis' most desirable and supply-constrained rental markets.