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815 6th St SE 0.25 Acres of Commercial Land Offered at $1,950,000 in Minneapolis, MN 55414



Investment Highlights
- New Construction
- Near U of Mn, St. Anthony Main, Downtown Mpls
- High Demand Rental Area
Executive Summary
New construction investment opportunity. Nearly identical to the sale of the buildings across the street at 814 6th St SE except these are 4BR,2BA units. Six total units, two buildings with 3 units each, all new construction with 4BRs, 2BA and Laundry in each unit, total 24 BRs, 12 BAs. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 811 & 815 6th Street SE: Common Lot Development. Both 811 and 815 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, 811 & 815 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 (811) and One slab-on-grade new construction triplex (815). 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. 811 6th Street SE – Full Gut Renovation & Triplex Conversion: 811 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. * 815 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 815 was built as a brand-new slab-on-grade triplex, designed to complement 811 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 811 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 811. 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 811. 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.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$187,200
|
$755,143.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$187,200
|
$755,143.20
|
| Taxes |
$14,000
|
$56,474.38
|
| Operating Expenses |
$20,000
|
$80,677.69
|
| Total Expenses |
$34,000
|
$137,152.08
|
| Net Operating Income |
$153,200
|
$617,991.13
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $187,200 |
| Annual Per AC | $755,143.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $187,200 |
| Annual Per AC | $755,143.20 |
| Taxes | |
|---|---|
| Annual | $14,000 |
| Annual Per AC | $56,474.38 |
| Operating Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per AC | $80,677.69 |
| Total Expenses | |
|---|---|
| Annual | $34,000 |
| Annual Per AC | $137,152.08 |
| Net Operating Income | |
|---|---|
| Annual | $153,200 |
| Annual Per AC | $617,991.13 |
Property Facts
| Price | $1,950,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.25 AC |
| Property Type | Land | ||
| Zoning | Commercial - Multi-Family Residential | ||
| Price | $1,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.25 AC |
| Zoning | Commercial - Multi-Family Residential |
1 Lot Available
Lot
| Price | $1,950,000 | Lot Size | 0.25 AC |
| Price Per AC | $7,864,996.33 |
| Price | $1,950,000 |
| Price Per AC | $7,864,996.33 |
| Lot Size | 0.25 AC |
66x165, 2 Buildings on one lot, same PID
Description
New construction investment opportunity. Nearly identical to the sale of the buildings across the street at 814 6th St SE except these are 4BR,2BA units. Six total units, two buildings with 3 units each, all new construction with 4BRs, 2BA and Laundry in each unit, total 24 BRs, 12 BAs.
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Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100
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815 6th St SE
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