$2,590,000

1416 6th Avenue S, Saint Cloud MN, 56301

Price per sqft$72.30

Built in1988

Property size35,822 sqft

Property typeCommercial

Courtesy of RIC Property Management, Inc., Nik Anderson Listing Contact:

Overview

Active

Listed Jul 20, 2026

Updated Jul 21

Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.

Additional information

MLS^® ID: 7112424

Interior Features

Bedrooms: 4
Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.44 Acres

Other Property Details

Taxes: $12,540
Tax Frequency: Annually
Maintenance Expense: $26,470

Listings courtesy of Northstar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 3:09 PM UTC on 7/21/2026. 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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