Blaise — Sale in Minneapolis, MN

  • Price: $132
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Minneapolis, MN 55408
  • Size: 22,614 SF
  • Year built: 2020

Photos

Blaise — Sale in Minneapolis, MN, photo 1 of 8
Blaise — Sale in Minneapolis, MN, photo 2 of 8
Blaise — Sale in Minneapolis, MN, photo 3 of 8
Blaise — Sale in Minneapolis, MN, photo 4 of 8
Blaise — Sale in Minneapolis, MN, photo 5 of 8
Blaise — Sale in Minneapolis, MN, photo 6 of 8
Blaise — Sale in Minneapolis, MN, photo 7 of 8
Blaise — Sale in Minneapolis, MN, photo 8 of 8

Description

Blaise is a fully-stabilized, 51-unit community in Minneapolis' vibrant Whittier neighborhood, representing institutional-quality, brand-new, construction offered for the first time by its original developer/deal team. The property operates at 100% occupancy and features premium finishes throughout. Blaise benefits from an irreplaceable location at the heart of Eat Street, Minneapolis' internationally recognized dining corridor, just steps from the Minneapolis Institute of Art (MIA), Minneapolis College of Art and Design (MCAD), and roughly a mile from downtown Minneapolis - MN's industry and culture core. The asset's $1,059 ($2.39/SF) average in-place rents present a highly-accesible monthly cost, plus substantial headroom relative to the competitive set, framing a clear mark-to-market opportunity to generate upside. Additionally, 20 units are enrolled in Minneapolis' 4d affordable housing program, which reduces the annual tax liability by $44k+ beginning in 2027 to enhance the going-in yield. Offered at an unbeatable basis of 35%+ below today's replacement cost in a submarket with unprecedented supply constraints, Blaise delivers investors an opportunity to acquire an asset with immediate cash flow, embedded rent growth, and a durable tax advantage. HERE Minneapolis 2813 4th St SE, Minneapolis, MN, 55414-7583, US 169 units Multifamily The Dylan Apartments 11910 Town Center Drive, Saint Michael, MN, 55376, US 82 units Multifamily Boulder Court 4182 Rahn Road, Eagan, MN, 55122, US 115 units Multifamily

Market Context

This multifamily in Minneapolis, MN is listed for sale at $132 across 22,614 SF. The building dates to 2020. Compare it against other multifamily listings for sale in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis multifamily market showed a 6.1% vacancy rate, and average asking rents near $1557.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Minneapolis multifamily market tightening or softening?
Vacancy is around 6.1% (Q1 2026).

Contact

Explore this market

Similar Multifamily Property for Sale in Minneapolis, MN