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For sale by owner
  • $1,395,000

    4628 Tyler St NE, Columbia Heights, MN 55421

    16beds
    9,534sqft
    : 
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    MultiFamily
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $146/sqft
    $-- HOA

    What's special

    Two-building portfolio
    14-Unit Value-Add Opportunity | 100% Occupied | Month-to-Month Upside | Columbia Heights MN Tyler Street Apartments presents a rare opportunity to acquire a fully stabilized 14-unit multifamily asset in the heart of Columbia Heights, Minnesota. This two-building portfolio has maintained 100% occupancy for over three consecutive years with only a single tenant turnover, which was re-leased immediately without downtime. The majority of tenants have been in place over two years and pay market-responsive rents, with the asset currently generating $182,557 in annual gross income. The property has been operated with discipline and owner-pride: current ownership has successfully implemented rent increases across the portfolio while maintaining strong tenant relationships and a clean operating record. Operating expenses have remained consistent and predictable year-over-year, and insurance premiums have held steady for two consecutive renewal cycles. Recent capital improvements eliminate near-term capex risk and include: New roof on both buildings (2021) New electrical meters on both buildings New boilers in both buildings The Value-Add Opportunity: With the majority of leases currently on month-to-month terms, a new owner has immediate flexibility to bring rents to market. Current average rent of $1,058 per unit sits below in-place rents achieved in comparable units, representing a straightforward path to NOI growth without major renovation or repositioning. Financials, rent roll, and full due diligence package available upon request. Showings will be done upon a submitted offer. Investment highlights 100% occupancy maintained for 3+ consecutive years 14 units across two fully stabilized buildings Single turnover in ownership tenure; re-leased with zero downtime Majority of leases on month-to-month terms, offering immediate rent growth flexibility Clean, predictable T12 expenses with 2 years of stable insurance premiums New roof on both buildings (2021) New boilers in both buildings New electrical meters on both buildings Majority of tenants in place over 2 years with stable payment history Long-term tenant base signals continued stability; month-to-month structure preserves new-owner flexibility
    20 days
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    465
    |
    29
    |
    Listed by:

    Property Owner (612) 643-1226

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 16
      • Bathrooms: 14
      • Full bathrooms: 14
      Interior area
      • Total interior livable area: 9,534 sqft

      Property

      Lot
      • Size: 0.35 Acres
      Details
      • Parcel number: 253024330148

      Construction

      Type & style
      • Home type: MultiFamily
      Materials
      • Wood
      Condition
      • New construction: No
      • Year built: 1959

      Community & HOA

      Location
      • Region: Columbia Heights

      Financial & listing details

      • Price per square foot: $146/sqft
      • Tax assessed value: $1,204,500
      • Annual tax amount: $22,279
      • Date on market: 6/17/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,460/mo

        Price history

        DateEventPrice
        6/17/2026Listed for sale$1,395,000+71.2%$146/sqft
        Source: Owner Report a problem
        7/30/2004Sold$815,000+13.2%$85/sqft
        Source: Public Record Report a problem
        8/20/2003Sold$720,000+82.3%$76/sqft
        Source: Public Record Report a problem
        2/10/2000Sold$395,000$41/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$22,279 +16.7%$1,204,500 -2.7%
        2024$19,097 +30.8%$1,237,300 +8.4%
        2023$14,602 -6.7%$1,141,500 +17%
        2022$15,644 -7.6%$975,600 +5.4%
        2021$16,924 +12%$926,000 +6.2%
        2019$15,115 +16.8%$871,700 +23.7%
        2018$12,938 +6.6%$704,800 +10.4%
        2017$12,133 +10.8%$638,600 +16.4%
        2016$10,950 -3.2%$548,800
        2015$11,309 +11.7%$548,800 -4.7%
        2014$10,125 -22%$575,700
        2013$12,974 +15%--
        2012$11,282 +1.5%--
        2011$11,120 -10.5%--
        2010$12,423 +25.8%--
        2008$9,876 +2.6%--
        2007$9,625 -4%--
        2006$10,022 +12.4%--
        2005$8,918 +32.5%--
        2004$6,732 +17.1%--
        2003$5,751 -1.7%--
        2002$5,849 -5.6%--
        2001$6,194 --

        Find assessor info on the county website

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 55421

        Getting around

        79 / 100
        Very Walkable
        37 / 100
        Some Transit
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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