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4927 University Avenue Ne, Columbia Heights, MN 55421

$1,850,000
SQUARE FEET 14,280
MLS# 7165627
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Anne Dickey

Anne Dickey
Call: (218) 639-5973

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Roslyn Park
SCHOOL: Columbia Heights
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Property Description

Two-building, 22-unit multifamily offering in Columbia Heights: 4927 and 4935 University Ave NE, with 11 units in each building and an on-site caretaker in place. The seller has completed multiple unit turnovers and renovations since mid-2025, installed a new water heater at 4935, and reset rents on several units. Monthly collections have trended up since spring 2026. Current rents run from about $900 to $1,250 per unit, leaving room for rent growth, professional management and continued unit upgrades. Sold as-is. Buyer to verify all information, including income, expenses and insurability. Offering materials available to qualified buyers on request.

4927 University Avenue Ne | MLS# 7165627

This commercial property located at 4927 University Avenue Ne, Columbia Heights, MN 55421 is currently listed for sale with an asking price of $1,850,000. University Avenue Ne is located within the Columbia Heights school district. Search Columbia Heights real estate on adickey.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Fuel Type: Natural Gas
Heating: Boiler, Radiator
Lot Size: 0.24 Acres
Roof Type: Age Over 8 Years
Stories: 2.0
Taxes: $32,429
Year Built: 1961

Feature Descriptions

Appliances: Range, Refrigerator
Current Use: Residential
Exterior: Frame
Foundation Size: 4760
Lot: Tree Coverage - Light
Lot Dimensions: 160 x 130
Owners Expense: Gas, Heat, Hot Water, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
Ownership Decription: Potential Shortsale, Foreclosure
Parcel#: 263024240114
Parking: Parking Lot
Road Frontage: City Street
Sale Includes: Building, Leases
Sewer: City Sewer/Connected
Tenant Expenses: Electricity
Units: 22
Utilities: Electric Common, Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Columbia Heights

Listed By / Shown By

Listed By

Agency Name: Peritus Real Estate
Agency Phone: 612-554-7794

Shown By

Agent Name: Anne Dickey
Agent Phone: (218) 639-5973
Agency Title: Counselor Realty

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Near By

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4687 Skillman Street
Brainerd, MN 56401
(218) 639-5973


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