New Listing4927 University Avenue NE,Columbia Heights, MN 55421
Columbia Heights, MN 55421
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.
Details
| MLS # | 7165627 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 2 |
| Listing Provided By | Peritus Real Estate | John A Stiles |
Features
| SQ Feet | 14,280 |
|---|---|
| Story(s) | 2 |
| Units | 22 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.24 |
Interior
| Heating | Boiler, Radiator |
|---|---|
| Appliances | Range, Refrigerator |
Exterior
| Roof | Age Over 8 Years |
|---|---|
| Construction Materials | Frame |
| Lot Features | Tree Coverage - Light |
Parking
| Parking Features | Parking Lot |
|---|
Utilities
| Utilities | Electric Common, Electric Separate, Heating Common, Hot Water Common |
|---|
Taxes
| Property | 32429 |
|---|
Area Information
| State | MN |
|---|---|
| County | Anoka |
| City | Columbia Heights |
| Zip Code | 55421 |
| Community Name | Roslyn Park |
| School District | 13 |
| High School | Columbia Heights |
| Listing VS Median (in Roslyn Park) | |
Price: $1,850,000 low | high Med: $324,900 sqft: 14,280 low | high Med: 2,036 $ / sqft: $130 low | high Med: $160 On site: 2 low | high Med: 22 | |
Market Activity 55421
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of November 6, 2026 at 10:59:36 AM PST 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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Learn More About This Property
| State | MN |
|---|---|
| County | Anoka |
| City | Columbia Heights |
| Zip Code | 55421 |
| Community Name | Roslyn Park |
| School District | 13 |
| High School | Columbia Heights |
| Listing VS Median (in Roslyn Park) | |
Price: $1,850,000 low | high Med: $324,900 sqft: 14,280 low | high Med: 2,036 $ / sqft: $130 low | high Med: $160 On site: 2 low | high Med: 22 | |