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Parkview Apartments

Parkview Apartments

4200 3rd St NE  /

Property Details

Property Type Multifamily
Total Lot Size: 0.64 Acres
Year Built: 1964
Number of Units: 17
County: Anoka


Michel Commercial is pleased to present the Parkview Apartments, a 17-apartment home property located in Columbia Heights, MN. This property boasts a history of strong occupancy and features a desirable mix of one- and two- bedroom units. Residents enjoy on-site laundry facilities and the convenience of surface parking. The Parkview Apartments is located in Columbia Heights, a first-ring suburb of Minneapolis. The property is within walking distance of Gauvitte Park and just two miles from Keyes Park, Sullivan Lake Park, and a major commercial hub, including Target and Menards. Parkview is 1.5 miles from central Columba Heights, including the iconic Heights Theater and the CH Metro Transit Center, and 6 miles from central Minneapolis. Residents enjoy easy access to Interstates 35W and 94 and Minnesota State Highways 47 and 65. This property presents a prime value-add investment opportunity, strategically positioned to capitalize on rental upside through interior upgrades. The Parkview Apartments is well-maintained and conveniently located in a submarket experiencing strong rent growth. This offering provides investors with a chance to leverage a solid performing property that offers a clear path to NOI growth.


Columbia Heights is a charming suburb located north of Minneapolis in Anoka County. Columbia Heights offers an ideal blend of urban convenience and suburban tranquility. Here are more highlights about the city of Columbia Heights: Proximity to Minneapolis: Columbia Heights is conveniently located close to Minneapolis, providing easy access to the city’s amenities, cultural attractions, entertainment venues, and employment opportunities. Suburban Charm: The city offers a suburban environment with a mix of residential areas, parks, and green spaces, providing a more relaxed and family-friendly atmosphere compared to urban centers. Diverse Community: Columbia Heights is known for its diverse population, creating a rich and multicultural community with various traditions, events, and festivals. Educational Opportunities: The suburb is served by Columbia Heights Public Schools, which strive to provide quality education for students in the area. Parks and Recreation: The city offers several parks and recreational facilities, providing opportunities for outdoor activities, sports, and leisure. Access to Public Transportation: The city is served by public transportation options, making it easier to commute to neighboring areas or downtown Minneapolis without relying solely on personal vehicles.


Incredible Value-Add Opportunity
Offering an opportunity for substantial rental growth potential through interior upgrades with the opportunity to take advantage of an estimated $156/ unit average monthly premium on rents, capturing a 15.52% ROI.

Excellent Connectivity Throughout the Metro
Columbia Heights benefits from its proximity to major highways and interstates, including I-94, I-35W, Highway 65, and Highway 47. Its location provides residents with convenient access to urban amenities and employment opportunities making it a highly desirable place to live, work, and play.

Supply-Constrained Submarket
Looking ahead, significant rent growth is anticipated, in the area, due to the limited supply of new housing. With fewer housing options available, competition among renters will likely increase, leading to steady rental growth.

Thriving Community Atmosphere
Columbia Heights boasts numerous parks, trails, and recreational facilities, enhancing the quality of life for residents.

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