14,280 sqft

$1,850,000

4927 University Avenue NE, Columbia Heights MN, 55421

Price per sqft$129.55

Built in1961

Property size14,280 sqft

Property typeCommercial

Courtesy of Peritus Real Estate, John A Stiles Listing Contact:

Overview

Active

Listed Nov 4, 2026

Updated 2 days ago

Two-building, 22-unit multifamily offering in Columbia Heights: 4927 and 4935 University Ave NE, with 11 units in each building and an on-site caretaker in place. The seller has completed multiple unit turnovers and renovations since mid-2025, installed a new water heater at 4935, and reset rents on several units. Monthly collections have trended up since spring 2026. Current rents run from about $900 to $1,250 per unit, leaving room for rent growth, professional management and continued unit upgrades. Sold as-is. Buyer to verify all information, including income, expenses and insurability. Offering materials available to qualified buyers on request.

Other Property Details

Taxes: $32,429
Tax Frequency: Annually
Maintenance Expense: $36,339
Municipality: Columbia Heights

Listings courtesy of Northstar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 5:01 AM UTC on 11/5/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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