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Marcus & Millichap Sells Hillside Apartments In Sartell Minnesota For $8.1 Million

Property Image
SOLD
$8,100,000
Evan Miller
Chris Collins

Minnesota

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MultiFamily
Sold 12/10/2025
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Property Image
SOLD

Marcus & Millichap Sells Hillside Apartments In Sartell Minnesota For $8.1 Million

219 7th Street North

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MultiFamily
Sold 12/10/2025
Evan Miller
Chris Collins
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is a multifamily asset located at 219 7th Street North, Sartell, MN, comprising 96 units within a 95,040-SF building on 9.03 acres of land. The transaction was completed for $8,100,000, equating to a price per unit of $84,375.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,100,000
  • Units: 96
  • Price Per Unit: $84,375
  • Address: 219 7th Street North
  • Market: Sartell, MN
  • Asset Size: 9.03 acres
  • Brokers: Chris Collins & Evan Miller - Marcus & Millichap

Chris Collins and Evan Miller represented both the seller and the buyer in this transaction. The property, constructed in 1973, features two-bedroom units that include private garages, making it an attractive option for renters in the area.

Players

Chris Collins
Marcus & Millichap
Chris Collins
13 deals$123.4M volume
BROKER
Evan Miller
Marcus & Millichap
Evan Miller
11 deals$87.5M volume
BROKER

Details

SOLD
IMAGE: 12/10/2025 ADDRESS: 219 7th Street North MARKET: Sartell, MN ASSET TYPE: Multifamily ~ ACRES: 9.03 BROKERS: Chris Collins & Evan Miller - Marcus & Millichap SALE PRICE: $8,100,000 UNITS: 96 ~ PPU: $84,375 NOTE: Marcus & Millichap sold Hillside Apartments, a 96-unit, 95,040-SF multifamily property in Sartell, MN, to a Minnesota-based LLC, with Chris Collins and Evan Miller representing the seller and buyer. The 1973-built property, featuring two-bedroom units with private garages on 9.03 acres, is positioned to benefit from Sartell’s strong rental demand and long-term growth potential.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$432,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59