$1,040,000
$975,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/22/2025
Key Details
Sold Price $1,040,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Lexington Park 2Nd Add
MLS Listing ID 6817333
Sold Date 12/22/25
Year Built 1960
Annual Tax Amount $15,738
Tax Year 2025
Contingent None
Lot Dimensions 131 x 154
Property Description
Introducing a prime investment opportunity in Lexington, MN, close to restaurants, shopping, freeway access, and area amenities. This 8,960 SF multi-family property, located in Anoka County, boasts 16 units, with 15, 1BR/1BA units and one Studio Apartment.
Built in 1960 and zoned R-4, this property offers in-place, below market rents plus an opportunity for continued building improvements in order to increase your Net Operating Income! A redevelopment opportunity exists for this parcel as it is surrounded by recent construction of larger apartment buildings
** See videos for additional tours and walk throughs of the building
Location
State MN
County Anoka
Zoning Business/Commercial
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Present Use Residential
Building
Foundation 4480
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Centennial
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