4927 University Avenue NE Columbia Heights, MN $ 1,850,000
4927 University Avenue NE
$ 1,850,000
Recently Listed
Share Save

4927 University Avenue NE

Columbia Heights, MN, 55421
$ 1,850,000
Bedrooms-- Baths-- Sq 14,280

Monthly Estimate*

$ 12,777

4927 University Avenue NE, Columbia Heights, MN 55421 - Image 1
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 2
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 3
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 4
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 5
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 6
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 7
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 8
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 9
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 10
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 11
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 12
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 13
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 14
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 15
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 16
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 17
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 18
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 19
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 20
4927 University Avenue NE, Columbia Heights, MN 55421 - Image 21
View a Virtual Tour

Commercial Property for sale in Columbia Heights, MN

for $1,850,000. This 14,280 square foot building was built in 1961 on a lot size of 0.24.

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.

See more

Commercial Active

Price

$ 1,850,000

Property Type

Commercial

Taxes

$ 32,429

Style

Lot Size

0.24

Year Built

1961

Town/City

Columbia Heights

County/Region

Anoka

MLS | Web ID

7165627

Features
General
Sewer City Sewer/Connected
Heating Boiler Radiator
Utilities Electric Common Electric Separate Heating Common Hot Water Common
Roof Age Over 8 Years
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Frame
Year Built 1961
Tenant Pays Electricity
Levels Two
Tax Year 2026
Current Use Residential
Gross Income 241776
Accessibility None
Additional Parcels Description 263024240115
County Anoka
Net Operating Income 72338
Operating Expense 169439
Insurance Expense 22500
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 36339
Subdivision Name Roslyn Park
Directions From University Ave NE go East on 49th Ave NE. Go North on the frontage road. Property is on the right.
City Columbia Heights
High School District Columbia Heights
Zoning Description Residential-Multi-Family
Number Of Units Total 22
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 32429
Electric Expense 1781
Fuel Expense 15180
Water Sewer Expense 23621
Additional Parcels Y/N Y
Virtual Tour https://my.matterport.com/show/?m=kYgZgAr9b7U&mls=1
Standard Status Active
Lender Owned No
See more
Exterior
Parking Features Parking Lot
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 0.24
Building Area Total 14280
Lot Dimensions 160 x 130
Waterfront Y/N N
Foundation Area 4760
Road Frontage Type City Street
Road Responsibility Public Maintained Road
See more
Interior
Basement (Y/N) N
Fuel Natural Gas
See more
Internal Only
Street Number 1 4927
See more
* Excluded Features
List By
Peritus Real Estate

Broker

john@peritusrealestate.com

Email

Affordability Calculator

$15,480
Per Month
83%
17%
0%
Monthly Principal & Interest
$12,777
Monthly Property Taxes
$2,702
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
709149 Elementary School
709139 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/4/2026$1,850,000 Listed Price

Map


See all

4927 University Avenue NE, Columbia Heights, MN, 55421 is a Commercial Property for sale at $1,850,000 with 14,280 sqft and a lot size of 0.24. 4927 University Avenue NE was built in 1961. The property's zip code is 55421 which is in Columbia Heights, MN