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4757 Hiawatha Avenue

FPA Multifamily Acquires The Shale Apartments In Minneapolis From Reuter Walton For $13.65M
SOLDMultiFamily

FPA Multifamily Acquires The Shale Apartments In Minneapolis From Reuter Walton For $13.65M

4757 Hiawatha Avenue

$13,650,000

Building Size

Asset Type

MultiFamily

Closing

Apr 7, 2026

AI

The Shale apartment property, located at 4757 Hiawatha Avenue in Minneapolis, MN, consists of 80 units and was constructed in 2021. It is a six-story multifamily asset that was purchased by FPA Multifamily from Reuter Walton for $13.65 million, translating to approximately $170,625 per unit.

Summary of transaction details:

The deal was facilitated by a team from Colliers, indicating ongoing investment activity between FPA Multifamily and Reuter Walton, demonstrating their collaborative efforts in the multifamily market. The transaction occurred on April 7, 2026.

Players

Mox Gunderson

Colliers

Broker

$1B

vol

26 deals

Broker
FPA Multifamily
FPA MultifamilyBuyer

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

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93