5,500 sqft

$749,000

3606 E 34th Street, Minneapolis MN, 55406

Price per sqft$136.18

Built in1963

Property size5,500 sqft

Property typeCommercial

Courtesy of Apartment Cash Flow, Inc., Nathan P. Opatz Listing Contact:

Overview

Active

Listed May 5, 2026

Updated 8 days ago

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

Other Property Details

Taxes: $10,988
Tax Frequency: Annually
Maintenance Expense: $2,400

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