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$730,000

  • Sold
  • Closed
  • Apartment
  • 6,500 Sq. Ft.
  • 0.37 Acres
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Fully rented and updated 8-unit apartment building; 7 two-bedrooms and one studio! Recent updates include a newer boiler, windows, washer/dryer with credit card reader, and new flooring in many units. Enjoy a 7.5% CAP rate at current rents, and some units are renting below market rates.

Full Property Details for 228 40th Ave NE

General

  • Sold For: $730,000
  • Taxes: $15,847 (2025)
  • Status: Closed
  • Type: Apartment
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6739026
  • Added to Site: 214 day(s) ago

Parking

  • Parking Features: Paved

School Information

  • School District: 13 - Columbia Heights
  • High School District: Columbia Heights

Heating & Cooling

  • Heating Type: Baseboard, Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common, Hot Water Common

Financial Considerations

  • Tax Amount: $15,847
  • Tax Year: 2025
  • Owner Pays: Gas, Insurance, Repairs, Trash Collection
  • Tenant Pays: Electricity, Trash Collection
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Trash: Tenant Pays

Disclosures and Reports

  • Legal Description: REARR OF BLK E OF COL HTS ANNEX CITY OF COLUMBIA HEIGHTS E 80 FT OF LOT 16, BLK E, REARR BLOCK E
  • Inclusions: Building, Leases
  • Property ID: 353024320102

Listed by RE/MAX Results
Sold by Keller Williams Classic Realty

Listing agent

— 228 40th Ave NE —

  • RE/MAX Results

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 228 40th Ave NE

School District:Columbia Heights Public School District
NameGradesDistance
North Park Elementary School
5575 Fillmore St Ne, Fridley, MN 55432
PK-52.3 mi
Columbia Academy
900 49th Ave Ne, Columbia Heights, MN 55421
6-81.3 mi
Columbia Heights Senior High School
1400 49th Avenue Northeast, Columbia Heights, MN 55421
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 228 40th Ave NE

Date
Details
Price
Change
Source
10/15/2025
Sold
$730,000
-5.18%
MLS
7/22/2025
Price Reduced
$769,900
-3.75%
MLS
6/17/2025
Listed
$799,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by RE/MAX Results
Sold by Keller Williams Classic Realty

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Price Reduced near 228 40th Ave NE

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2601 Kenzie Terrace, Saint Anthony, MN 55418 - Photo 1 Price Reduced
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228 40th Avenue NE, Columbia Heights, MN 55421 (MLS# 6739026) is a Apartment property that was sold at $730,000 on October 15, 2025. Want to learn more about 228 40th Avenue NE? Do you have questions about finding other Apartment real estate for sale in Columbia Heights? You can browse all Columbia Heights real estate or contact a Coldwell Banker agent to request more information.