Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale 410 Apartments. Offered for sale by its original owner and developer, 410 Apartments is a fully renovated, professionally managed multifamily community located at 410 6th Street SE in the vibrant Marcy-Holmes neighborhood of Minneapolis. Originally constructed in 1964, the 38-unit property has been meticulously maintained and significantly modernized with over $1.1 million in capital improvements. Recent upgrades include new windows and sliding glass doors in 2017, a high-efficiency boiler installed in 2024, and comprehensive renovations to both in-unit interiors and common areas—delivering a turnkey asset with minimal, if any near-term capital requirements. Ideally situated just ten blocks from the University of Minnesota Twin Cities campus, the property is positioned to attract consistent demand from students, faculty, and area professionals, resulting in durable occupancy and stable cash flow. The unit mix includes 2 studios, 21 one-bedrooms, 12 two-bedrooms, and 3 three-bedroom layouts, with an average unit size of 678 square feet and average monthly rents of $1,274. Renovated units feature modern finishes and fixtures in line with current renter preferences, contributing to strong leasing velocity and long-term tenant retention. The property offers residents a secure and convenient living experience with controlled-access entry, on-site laundry, approximately 26 surface parking stalls, and 2 garage spaces. 410 Apartments also benefits from immediate proximity to some of Minneapolis’s most popular neighborhoods and attractions. Residents enjoy walkable access to Dinkytown, the Stone Arch Bridge, the Mississippi Riverfront, and St. Anthony Main, along with a rich mix of local dining and retail destinations including Al’s Breakfast, Annie’s Parlour, Punch Pizza, and Loring Bar & Restaurant. With substantial recent renovations, professional management, long-term original ownership, and a prime location adjacent to the University of Minnesota, 410 Apartments offers investors a fully upgraded, low-maintenance asset in one of the city’s most established and consistently performing rental corridors.