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4927 University Avenue NEColumbia Heights, MN 55421

$1.85 million

14,280 finished sq ft · 0.24 acre lot

About this home

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.

Home facts

Home type: Single-family home
Style: Other
Year built: 1961
Finished sq ft: 14,280
Lot: 0.24 acres
Heating: Natural Gas
Property taxes: $32,429 a year
Listed: November 4, 2026
MLS number: 7165627

Listing courtesy of Peritus Real Estate (John A Stiles). MLS #7165627.

Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 4, 2026 at 9:01 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.

How it compares

4927 University Avenue NE, Columbia Heights, MN 55421 is a single-family home built in 1961, listed for $1.85 million on November 4, 2026 by Peritus Real Estate. That is in the upper quarter of the 42 single-family homes for sale in Columbia Heights right now (median $319,900; $130 per square foot here against $181 for the group). That works out to $130 per finished square foot.

Source: Huerkamp Home Group, from the active listings in our communities on November 4, 2026 at 9:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

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Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.

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4927 University Avenue NEColumbia Heights, MN 55421

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