8963 Syndicate Ave

Lexington, MN 55014

$975,000
Price
—
Beds
—
Baths
8,960 Sq. Ft.
$109 / Sq. Ft.
8,960
Sq. Ft.
$109
per Sq. Ft.

Description

Introducing a prime investment opportunity in Lexington, MN, close to restaurants, shopping, freeway access, and area amenities. This 8,960 SF multi-family property, located in Anoka County, boasts 16 units, with 15, 1BR/1BA units and one Studio Apartment. Built in 1960 and zoned R-4, this property offers in-place, below market rents plus an opportunity for continued building improvements in order to increase your Net Operating Income! A redevelopment opportunity exists for this parcel as it is surrounded...Introducing a prime investment opportunity in Lexington, MN, close to restaurants, shopping, freeway access, and area amenities. This 8,960 SF multi-family property, located in Anoka County, boasts 16 units, with 15, 1BR/1BA units and one Studio Apartment. Built in 1960 and zoned R-4, this property offers in-place, below market rents plus an opportunity for continued building improvements in order to increase your Net Operating Income! A redevelopment opportunity exists for this parcel as it is surrounded by recent construction of larger apartment buildings See videos for additional tours and walk throughs of the building
  1. Listed by Keller Williams Integrity Realty

Property Details for 8963 Syndicate Avenue

Subdivision Name
Lexington Park 2nd Add
Zoning Jurisdiction
Business/Commercial
LISTING UPDATED: 12/05/2025 06:48 AM

Property Details for 8963 Syndicate Avenue

StatusActive
MLS #6817333
Days on Compass27
Taxes$15,739 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1960
Lot Size0.44 AC / 19,166 SF
CountyAnoka County

Location

Listing Courtesy of Keller Williams Integrity Realty
Add your commute

Building Information for 8963 Syndicate Avenue

Stories-Residences16Year Built1960Lot Size0.44 AC / 19,166 SF

Payment Calculator

$6,129 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,818

Property Taxes

$1,312

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8963 Syndicate Avenue

Summary
Location and General Information
  • City Name: Lexington
  • County Or Parish: Anoka
  • County: Anoka-MN
  • Directions: Heading N on Lake Dr, turn right onto Restwood Rd, turn right onto Syndicate Ave, property on left
  • Latitude: 45.134595
  • Longitude: -93.171013
  • Map Coordinate: 65-D4
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Circle Pines
  • City and Location Text: Circle Pines(MN)
  • Postal Code: 55014
  • State Or Province: MN
  • Public Survey Township: 31
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 353123130029
  • Tax Annual Amount: $15,739.00
  • Tax Legal Description: W 103 FT EX N 97.71 FT THEREOF, LOT 21 LEXINGTON PARK 2ND ADDITION TOG/W W 131 FT, LOT 22 SD ADDITION, EX RD SUBJ TO EASE OF REC
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 15738.8200
School Information
  • High School District: 12 - Centennial
  • School District Number: 12
  • School District Phone: 763-792-6000
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.44
  • Lot Size Dimensions: 131 x 154
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 8960.0
Property and Assessments
  • Age Of Property: 65
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Separate, Hot Water Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 4480.0
  • Fuel: Natural Gas
Interior Features
  • Heating: Forced Air
  • Basement YN: Yes

Property History for 8963 Syndicate Avenue

DateEvent & SourcePriceAppreciation
Dec 2, 2025

Price Change

NorthStar #6817333

$975,000—
Dec 2, 2025

Listed (Active)

NorthStar #6817333

—
DateEvent & SourcePrice
12/02/2025

Price Change

NorthStar #6817333

$975,000
12/02/2025

Listed (Active)

NorthStar #6817333

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8963 Syndicate Avenue

Taxable ValueLand$247,700Additions$810,800Total$1,058,500
Tax Record2025$15,989 ($1,332 / month)
Home Facts
Total Finished SqFt8,960 SqFtAbove Grade Finished SqFt8,960 SqFtLot Size19,351 SqFtStyleMulti-Family Res (5+ Units)Year Built1960Year Renovated1968CountyANOKAAPN35-31-23-13-0029

Schools near 8963 Syndicate Avenue

This home is within Centennial Public School District.
Rating
School
Type
Grades
Distance
Golden Lake Elementary School
Public - PK to 5
Centennial Middle School
Public - 6 to 8
Centennial High School
Public - 9 to 12
Centennial High School Online
Public - 9 to 12
Rating
School
Distance
Golden Lake Elementary School
PublicPK to 5

Centennial Middle School
Public6 to 8

Centennial High School
Public9 to 12

Centennial High School Online
Public9 to 12

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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More information about 8963 Syndicate Avenue, Lexington, MN 55014

8963 Syndicate Avenue is for sale in Lexington, MN 55014. This property was listed for sale on December 2, 2025 by Keller Williams Integrity Realty, it's currently listed at $975,000. This listing's school district is Centennial Public School District. Nearby schools include Golden Lake Elementary School, Centennial Middle School and Centennial High School. 8963 Syndicate Avenue is a 0-bed, 0-bath, 8,960 sqft built in 1960.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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.

Listing Courtesy of Keller Williams Integrity Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/29/2025 07:40 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.