1416 6th Avenue S, Saint Cloud, MN 56301

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1416 6th Avenue S, Saint Cloud, MN 56301

$2,590,000

Property Type: Commercial Bedrooms: 4 Square Footage: 35,822 Lot Size (sq. ft.): 19,166 Status: Active

Current Price: $2,590,000 List Date: 7/20/2026 Last Modified: 7/20/2026

Overview

Description

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.

Listing Details MLS# 7112424

General Property Information

Lot Measurement: Acres
Management Company Name: Owner Self Manages
Multiple PIDs?: No
Other Parking Spaces: 52
Owner Occupied: No
Waterfront YN: No
Year Built: 1988
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 11940
For Sale or Lease: For Sale
Acres: 0.44
Lot Dimensions: 1.23 acres
Assessment Pending: No

Property Features

Accessible: Other Air Conditioning: Window Unit(s) Amenities Shared: Coin-op Laundry Leased Appliances: Dishwasher; Range; Refrigerator Assumable Loan: Yes w/ Qualifying Basement: Concrete Block; Partial CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Metal Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Separate; Heating Common Owner Pays: Heat; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Pest Control; Repairs; Roof Maintenance; Security; Sewer; Snow Removal; Taxes; Water Parking Characteristics: Uncovered/Open Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Cable TV; Electricity; Telephone Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2590000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 1416
Street Name: 6th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Saint Cloud
County: Stearns
State: MN
Zip Code: 56301
Complex/Dev/Subdivision: Brott & Smiths Add

Assessments

Tax With Assessments: 12540

Building Information

Building Finished SqFt: 35822
Building SqFt: 35822

More Information

Income and Expenses

Annual Electric Expense: 19148
Annual Gross Expenses: 207031
Annual Gross Income: 467000
Annual Insurance Expense: 33170
Annual Maintenance Expense: 26470
Annual Net Income: 236619
Annual Trash Expense: 16782
Annual Water/Sewer Expense: 36408
Total Annual Expenses: 207031

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 28
Section#: 13
Township#: 124

Sale Options

Sale Includes: Building

Unit 1

Unit Number: Yes
Monthly Rent: 1395
Total Bedrooms: 4
Unit Total SqFt: 1380
Leased?: Yes
Lease Expiration Date: 2027-05-01

Unit Details

Total Units: 28

Listing Office: RIC Property Management, Inc.

Last Updated: July - 20 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.