707 SE 5th Street SE, Minneapolis, MN 55414 - Photo 1

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$1,196,000

For Sale
Active
Commercial
11,442 Sq. Ft.
0.25 Acres

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Property Description

707-709 5th Street Southeast in Minneapolis, MN is a well-maintained vintage 13-unit apartment property located in the heart of the Marcy Holmes neighborhood of Minneapolis. The building consists of nine 1-bedroom units and four studio units. Strong rental history with an opportunity to increase rents. Property has a 6-stall garage for added income. Currently only charging $45 per month. On-site laundry currently is not being charged. Storage units are in the basement and are currently included in the rent. Two more potential income sources. Marcy-Holmes is well known for its commercial districts, St. Anthony Main and Dinkytown, and its immediate proximity to the East Bank of the University of Minnesota-Twin Cities campus. Property is home to U of MN students and working-class individuals. Over 80% of the neighborhood is renters. Property Manager lives on site.

Full Property Details

Full Property Details for 707 SE 5th Street SE

General

Price: $1,196,000
Taxes: $21,702 (2025)
Status: Active
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 6735952
Updated: 12/8/2025
Added to Site: 222 day(s) ago

Interior

Appliances: Range, Refrigerator
Flooring: Carpet, Wood

Additional Information

Amenities: None

Parking

Garage: Yes
Garage Description: 10 x 20
Garage Spaces: 6
Parking Features: Parking Lot

Location

County: Hennepin
Township: Minneapolis
Subdivision: Mill Cos Add To St Anthony Falls
Neighborhood: 50
Driving Directions: 35w north to University/4th Street exit. Turn west/left on 4th Street, turn north/right on 7th Street SE and turn east/right on 5th Street. Building on left.

School Information

School District: 558 - Minneapolis
High School District: Minneapolis

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Boiler
Heating Fuel: Natural Gas

Utilities

Sewer: City Sewer in Street
Water: City Water (In-Street)
Utility Description: Electric Separate, Heating Common, Hot Water Common

Structural Information

Exterior Const.: Brick, Frame
Basement: Yes
Foundation Size: 3814
Roof: Age Over 8 Years, Rubber
Disability Access: None
Square Feet: 11,442
Finished Down/Base.: 11,442 Sq. Ft.
Current Bldg. Use: Residential
Year Built: 1924

Unit Information

Units w/Refrigerators: 1

Lot Features

Lot Size (Acres): 0.25
Lot Dimensions: 66.00 x 165.00
Frontage: Paved Streets, Sidewalks, Street Lights
Zoning: Residential-Multi-Family
Lot Description: Medium Tree Coverage

Financial Considerations

Operating Expenses: $54,420
Tax Amount: $21,702
Tax Year: 2025
Terms: Conventional, Cash
Owner Pays: Common Area Maintenance, Electricity, Heat, Hot Water, Insurance, Grounds Care, Repairs, Sewer, Taxes, Trash Collection
Tenant Pays: Electricity
Pays Electric: Tenant Pays
Pays Heat: Owner Pays
Pays Trash: Owner Pays
Pays Water: Owner Pays

Disclosures and Reports

Legal Description: LOT 004 BLOCK 008 MILL COS ADDN TO ST ANTHONY FALLS
Inclusions: Building, Leases, Rental License
Property ID: 2402924230045

Listed by Metro Group Real Estate

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Schools

Schools serving 707 SE 5th Street SE

School District:Minneapolis Public School District

Name	Grades	Distance
Webster Elementary 425 5th Street Northeast, Minneapolis, MN 55413	PK-5	0.9 mi
Northeast Middle School 2955 Hayes Street Northeast, Minneapolis, MN 55418	6-8	2.5 mi
Edison Senior High School 700 22nd Avenue Northeast, Minneapolis, MN 55418	9-12	1.7 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 707 SE 5th Street SE Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/20/2025

Price Reduced

$1,196,000

-11.4%

MLS

7/15/2025

Price Reduced

$1,349,900

-6.9%

MLS

6/10/2025

Listed

$1,449,900

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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707 SE 5th Street SE, Minneapolis, MN 55414 (MLS# 6735952) is a Commercial property. 707 SE 5th Street SE is currently listed for $1,196,000 and was received on June 10, 2025. Want to learn more about 707 SE 5th Street SE? Do you have questions about finding other Commercial real estate for sale in Marcy-Holmes? You can browse all Marcy-Holmes real estate or contact a Coldwell Banker agent to request more information.

707 SE 5th Street SE Minneapolis, MN 55414