Kiser Group Brokers $4.55M Multifamily Sale in Kingfield Neighborhood of Minneapolis

Kiser Group’s Robert Dulin, Executive Director and Managing Broker for Minnesota, and Cody Smith, Advisor, brokered the sale of a fully renovated multifamily property in Minneapolis’ Kingfield neighborhood for $4.55 million, or approximately $156,900 per unit. The property was fully occupied at the time of closing, reflecting continued demand for renovated apartment communities in the area.

The property features an uncommon concentration of spacious three-bedroom apartments, distinguishing it from many vintage multifamily assets in the surrounding market. Its renovated condition and larger floor plans helped position the asset competitively among investors seeking stabilized properties with established occupancy.

Located in South Minneapolis, Kingfield offers convenient access to the city’s lakes, major transportation routes, retail destinations, and employment centers. The neighborhood continues to attract multifamily investment due to its established residential character and consistent rental demand, with renovated assets remaining particularly appealing as transaction activity gradually strengthens across the market.

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