3606 E 34th Street Minneapolis, MN 55406

$750,000
Active
 |  MLS # 7068138
Active
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About The Listing

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.


Listing courtesy of Nathan P. Opatz, Apartment Cash Flow, Inc.
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1963
MLS #: 7068138
Garage Spaces: 0
Parking Description: Paved Lot
Sewer Description: City Sewer/Connected
Air Conditioning Type: Wall Unit(s)
Water: City Water/Connected
Heat Type: Boiler, Hot Water, Zoned
Basement: Block, Egress Window(s), Finished, Full
Foundation Type: Block
Construction Description: Block, Brick
Roof Description: Age Over 8 Years, Flat
Days On Market (Continuous): 107
Disability Features: None
Latest Update: 05/05/2026
List Date: 05/05/2026
Listing Agent ID: 506069385
Listing Office: Apartment Cash Flow, Inc.
Listing Office ID: 27376
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Dishwasher, Range, Refrigerator, Stainless Steel Appliances
Flooring: Luxury Vinyl Plank, Tile
Exterior Features: Stone, Stucco
Fence: None
Lot Dimensions: 74 x 75
Lot Size: 0.13 Acres
School District: Minneapolis
Tax Year: 2026
Estimated Taxes: $10,988
Contingency Type: None
City: Minneapolis
Zip: 55406
County: Hennepin
Subdivision: Auditors Sub 237
State: MN
Listing last updated: 05/05/26

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