Kiser Group Brokers $4.55M Sale of Renovated Multifamily Property in South Minneapolis
Kiser Group’s Robert Dulin and Cody Smith have successfully brokered the sale of a fully renovated multifamily property located in the Kingfield neighborhood of South Minneapolis. The property sold for $4.55 million, which equates to $156,897 per unit.
At the time of sale, the property was fully occupied. It features a distinctive mix of spacious three-bedroom apartments — a notable factor that attracted strong buyer interest. These larger units are well-suited for families and help differentiate the asset from many of the older, more traditional multifamily offerings in the area.
The Kingfield neighborhood is a mature and sought-after area of South Minneapolis, known for its close proximity to the city’s lakes, major interstates, retail corridors, and prominent employment centers. These locational advantages contribute to steady rental demand, making it an ideal market for long-term multifamily investors.
Investor activity in South Minneapolis continues to accelerate, driven by renewed equity flows and a stabilizing market environment. Renovated, well-located properties boasting solid occupancy and unique unit offerings continue to command premium pricing in today’s landscape.
Industry professionals and investors are invited to attend the upcoming Connect Midwest Multifamily Trends conference, taking place on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, Illinois. This event will provide valuable insight into evolving investment strategies and key trends shaping the multifamily real estate market in the Midwest.
