403 6th St SE 3 Unit Apartment Building $600,000 ($200,000/Unit) 7.26% Cap Rate Minneapolis, MN 55414

403 6th St SE presents an exceptional opportunity to acquire a well-maintained triplex in the heart of the highly sought-after Marcy-Holmes neighborhood, just blocks from the University of Minnesota. The property features an attractive unit mix consisting of two spacious 4-bedroom, 2-bathroom units and one 3-bedroom, 1-bathroom unit, catering to the strong demand for larger rental housing among students, young professionals, and roommate households.
Located in one of Minneapolis' most resilient rental submarkets, the property benefits from a deep and consistent tenant pool driven by the University of Minnesota, nearby healthcare institutions, and downtown employers. The oversized unit configurations command strong rental demand while providing investors with stable cash flow and the opportunity to further enhance income through strategic rent growth and operational efficiencies.
Residents enjoy walkable access to Dinkytown's vibrant mix of restaurants, coffee shops, entertainment, grocery options, and public transportation, with convenient access to Downtown Minneapolis, the Mississippi Riverfront, and the University campus. Combining an exceptional location, highly desirable unit mix, and long-term rental stability, 403 6th St SE represents an outstanding investment opportunity for both private and institutional multifamily investors seeking durable cash flow and long-term appreciation.