Updated Oct 14, 2025
Kleinman Property Management Facilitates $6.15M Sale Of 72-Unit Multifamily In Minneapolis
315 West Franklin Avenue
$6,150,000
Units
72
Asset Type
MultiFamily
Closing
Oct 10, 2025
About this deal
AI
A 72-unit multifamily complex, Franklin Villa Apartments, located at 305-315 Franklin Avenue West, Minneapolis, MN, has been sold off-market for $6.15 million. The selling price equates to approximately $85,417 per unit, reflecting the transaction's value in the current market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,150,000
- Units: 72
- Price Per Unit: $85,417
- Broker: Matt Hozza - Kleinman Property Management
- Market: Minneapolis, MN
- Sale Date: 10/10/2025
The sale was accomplished through a 1031 exchange, arranged by Kleinman Property Management, which facilitated the deal between two of its clients. The buyer is planning gradual renovations for the property following the acquisition.
Minneapolis MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93