4927-4935 University Ave NE
Description
buildings with 11 units in each building, offering a fantastic ~8% cap rate. Many units have
been refreshed with new flooring, appliances, and paint, enhancing their appeal and tenant
satisfaction.
Each building is unit with wall air conditioning units and a new boiler in the 4935 building,
ensuring comfort year-round. Tenants will appreciate the convenience of an on-site parking lot,
including parking space for each...Welcome to 4929-35 University Avenue NE—a vibrant investment opportunity featuring two
buildings with 11 units in each building, offering a fantastic ~8% cap rate. Many units have
been refreshed with new flooring, appliances, and paint, enhancing their appeal and tenant
satisfaction.
Each building is unit with wall air conditioning units and a new boiler in the 4935 building,
ensuring comfort year-round. Tenants will appreciate the convenience of an on-site parking lot,
including parking space for each unit. The complex is secured with a modern security system,
providing peace of mind for both tenants and owners.
With current rents ranging from $950 to $1000 per unit, this multifamily property is a prime
candidate for investors seeking steady income in a thriving area. The units feature refrigerators,
ranges, and a dishwasher, combining functionality with comfort. Don't miss out on this
promising opportunity in a dynamic neighborhood, offering excellent potential for growth and
stable returns.
Property Details for 4927-4935 University Avenue Northeast
Property Details for 4927-4935 University Avenue Northeast
| Status | Active |
|---|---|
| MLS # | 6819049 |
| Days on Compass | 9 |
| Taxes | $31,002 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Apartment |
| MLS Type | Commercial Sale / Apartment |
| Year Built | 1961 |
| Lot Size | 0.23 AC / 10,018 SF |
| County | Anoka County |
Location
Listing Courtesy of: .
Building Information for 4927-4935 University Avenue Northeast
Payment Calculator
$12,466 per month
30 year fixed, 6.28% Interest
$9,883
$2,584
$0
Property Information for 4927-4935 University Avenue Northeast
- City Name: Columbia Heights
- County Or Parish: Anoka
- County: Anoka-MN
- Directions: University Avenue between 49th and 50th Avenues.
- Latitude: 45.0576455339
- Longitude: -93.2624978181
- Map Coordinate: 92-D1
- Map Coordinate Source: King's Street Atlas
- City and Location: Columbia Heights
- City and Location Text: Columbia Heights(MN)
- Postal Code: 55421
- State Or Province: MN
- Additional Parcels Description: 263024240115
- Additional Parcels: Yes
- Parcel Number: 263024240114
- Tax Annual Amount: $31,002.00
- Tax Legal Description: ROSLYN PARK CITY OF COLUMBIA HEIGHTS LOTS 18 & 19, BLK 13, ROSLYN PARK
- Tax Other Annual Assessment Amount: $.00
- Tax Year: 2025
- Tax With Assessments: 31002.1000
- High School District: 13 - Columbia Heights
- School District Number: 13
- School District Phone: 763-528-4500
- Current Use: Residential
- Lot Size Area: 0.23
- Lot Size Dimensions: 80x130
- Lot Size Units: Acres
- Possible Use: Investment
- Property Sub Type: Apartment
- Property Type: Commercial Sale
- Building Area Total: 7242.0
- Age Of Property: 64
- Sewer: City Sewer/Connected
- Utilities: Heating Common
- Water Source: City Water/Connected
- Accessibility Features: None
- Association Amenities: Coin-op Laundry Owned
- Foundation Area: 2414.0
- Fuel: Natural Gas
- Cooling: Wall Unit(s)
- Heating: Hot Water
- Levels: Two
- Basement YN: Yes
Property History for 4927-4935 University Avenue Northeast
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 9, 2025 | Off Market NorthStar #6825381 | — | |
| Dec 4, 2025 | Price Change NorthStar #6819049 | $2,000,000 | — |
| Dec 4, 2025 | Listed (Active) NorthStar #6819049 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/09/2025 | Off Market NorthStar #6825381 | — |
| 12/04/2025 | Price Change NorthStar #6819049 | $2,000,000 |
| 12/04/2025 | Listed (Active) NorthStar #6819049 | — |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 4927-4935 University Avenue Northeast
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Valley View Elementary School PublicPK to 5 | ||
Columbia Academy Public6 to 8 | ||
Columbia Heights Senior High School Public9 to 12 | ||
Columbia Academy Anchor Program Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/14/2025 01:22 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.
