338 18th Ave NE Minneapolis, MN 55418

Listing details for 338 18th Ave NE, Minneapolis, MN 55418 : Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 18th Avenue Apartments, a fully occupied, 10-unit multifamily offering consisting of two separately parceled properties in the Holland neighborhood of Northeast Minneapolis. The properties are located at 338 and 344-346 18th Avenue NE and are being offered for sale together as a single investment opportunity. The property at 338 18th Avenue NE consists of an eight-unit apartment building situated on a 0.32-acre parcel. Its unit mix includes one studio and seven one-bedroom residences. The units have received a number of interior improvements, with every residence featuring new LVT or tile flooring and a majority also offering granite countertops, subway tile backsplashes, and dishwashers. The neighboring property at 344-346 18th Avenue NE consists of a duplex situated on a separate 0.12-acre parcel. The duplex includes two two-bedroom residences, bringing the combined offering to 10 units across 0.44 acres. Together, the properties maintain full occupancy and have average monthly rents of $1,152. The offering also provides 12 off-street parking spaces, including eight surface spaces and four garage stalls. Built in 1961, both properties are located just a few blocks from Bottineau Field Park and Recreation Center, which offers a baseball diamond, soccer fields, an indoor gym, and other recreational amenities. With two separately parceled properties offered together, full occupancy, updated interiors, and convenient neighborhood access, 18th Avenue Apartments presents a stable multifamily investment opportunity in Northeast Minneapolis.