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$1,950,000
811-815 6th Street SE
Minneapolis, MN 55414
MLS# 7051384
4 beds | 2 baths
Property DescriptionNew 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 â 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 â 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.
Status: Active
Current Price: 1950000
Contingency: None
ListPrice: 1950000
List Date: 2026-04-08
Owner is an Agent?: No
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1918
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 4
Baths Total: 2
Foundation Size: 1760
For Sale or Lease: For Sale
Acres: 0.25
Lot Dimensions: 66x165
Assessment Pending: No
House Number: 811-815
Street Name: 6th
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
Complex/Dev/Subdivision: Mill Cos Add To St Anthony Falls
Tax With Assessments: 8809
Foundation Dimensions: 55x32
Building Finished SqFt: 4980
Building SqFt: 5280
Annual Gross Expenses: 34000
Annual Gross Income: 187200
Annual Insurance Expense: 9000
Annual Maintenance Expense: 4400
Annual Net Income: 150800
Annual Repair Expense: 2400
Annual Trash Expense: 3600
Annual Water/Sewer Expense: 2400
Total Annual Expenses: 34000
Land Leased: Not Applicable
Sale Includes: Building, Land
Unit Number: 815 #3
Monthly Rent: 2600
Full Baths: 1
Three-Quarter Baths: 1
Total Bathrooms: 2
Total Bedrooms: 4
Leased?: Yes
Lease Expiration Date: 2027-08-31
Air Conditioning: Central Air
Amenities Unit: Kitchen Center Island; Tile Floors; Washer/Dryer Hookup
Appliances: Cooktop; Dishwasher; Microwave; Range; Refrigerator
CMU Style: Apartments/Multi Family; Low Rise
Construction Status: Completed New Construction
Flooring: Luxury Vinyl Plank; Tile
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Insurance; Maintenance/Repair; Taxes; Trash Collection; Water
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Gas; Heat; Hot Water
Water: City Water/Connected
Listing Office: Morgan And Trust Realty
Last Updated: May - 27 - 2026

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Thursday 28th of May 2026 07:08 AM