3126 & 3136 Minnehaha Ave Minneapolis MN Multi Family Real Estate | Multifamily Property for Sale | Multi Family Apartments for Sale

Laurel & Olive is a 62-unit, institutional-quality portfolio combining two recently constructed buildings—Laurel (18 units, 2022) and Olive (44 units, 2024)—in Minneapolis' Longfellow neighborhood. The two- and four-year-old properties eliminate capital risk typical of the submarket's 1960s-era inventory, creating a 50–60-year quality gap that drives sustainable rent premiums. Proximity to major employers including Target, Fairview Health, Allina Health, University of Minnesota, and HealthPartners ensures consistent demand. The portfolio delivers stabilized cash flow with minimal execution risk—ideal for long-term ownership focused on durable income and capital preservation.

Both properties feature institutional-grade construction with all major building systems early in their useful lives: • High-efficiency HVAC: Magic Pak 96% V Series systems with dedicated fitness center climate control. • Premium windows: Marvin Windows Elevated Series (black frames) providing superior energy efficiency and aesthetic appeal. • Advanced building systems: Modern electrical, plumbing, and structural components with minimal near-term capital requirements. • Professional-grade finishes: Luxury flooring, designer lighting, custom closets, and stainless steel appliances throughout. This modern profile significantly reduces capital expenditure exposure compared to the surrounding legacy inventory (primarily 1960s vintage), allowing ownership to allocate cash flow toward operations, debt service, and value enhancement rather than deferred maintenance.

Laurel & Olive incorporates best-in-class sustainability infrastructure designed to reduce operating expenses and enhance long-term value: • 100 kW+ solar energy system powering all common area hallways and lighting, generating significant utility savings and renewable energy rebates. • 2,500-gallon rainwater collection system for irrigation, reducing water consumption. • Shared utility infrastructure across buildings (water and gas) improving efficiency and lowering per-unit costs. • Energy-efficient building envelope and high-performance windows minimizing heating and cooling expenses. . These systems not only deliver measurable cost savings but position the portfolio favorably for ESG-focused investors and sustainability-conscious tenants—an increasingly important competitive advantage in the Minneapolis market.

The portfolio provides a premium residential environment that supports tenant satisfaction and long-term retention: • Advanced security: Comet security system with 15-camera video surveillance and controlled-access entry throughout. • On-site amenities: Dedicated fitness center with independent HVAC and video access control, community lounge, and bicycle storage room. • Inter-building connectivity: Physical bridge connecting the two Olive buildings, creating seamless campus-style living within the 44-unit Olive property. • Parking: 5 dedicated parking spots behind Olive building plus abundant street parking. • In-unit features: Washer/dryer in every unit, modern finishes, ample storage, and energy-efficient appliances.

Laurel & Olive demonstrates exceptional operational performance: • 100% occupied at time of offering. • High resident satisfaction: Tenants reserving leases 6+ months in advance. • Strong rent growth: Year-over-year increases of 4-10% reflecting market strength. • Zero forced evictions: Clean operational history demonstrating quality tenant base. • Stable tenancy: Long-term residents supported by modern amenities and professional management.

Laurel & Olive presents a compelling value proposition: • Stabilized cash flow with minimal execution risk. • Modern construction eliminating near-term capital requirements. • Operational scale and efficiency through 62-unit portfolio. • Built-in sustainability features reducing operating expenses. • Supply-constrained submarket with strong long-term fundamentals. • Proven operational performance with high resident satisfaction and retention. With predictable operating performance, limited capital exposure, and a defensible competitive position, Laurel & Olive is ideally suited for long-term ownership focused on durable cash flow, modest organic rent growth, and capital preservation over the investment horizon.

The Olive & Laurel Portfolio occupies a prime position along the Minnehaha Avenue corridor in South Minneapolis’ established Longfellow neighborhood. The properties benefit from walkable access to dining, retail, and daily conveniences while maintaining the residential character that attracts stable, long-term renters seeking urban accessibility without downtown density.

The one-mile radius delivers approximately 24,000 residents with median household income near $78,000 and average household income exceeding $100,000, reflecting a middle-to-upper-middle-class renter base capable of supporting premium rent positioning. The demographic profile is well aligned with the portfolio’s modern construction and unit mix, attracting young professionals, healthcare workers, and educators.

The portfolio benefits from proximity to Minneapolis’ largest employment centers, including Target Corporation, Fairview Health Services, Allina Health System, the University of Minnesota, and HealthPartners. This concentration of healthcare, education, and professional services employment provides stable rental demand and supports occupancy through economic cycles.

The Longfellow submarket is dominated by multifamily inventory built in the 1960s, creating a 55–60 year quality gap that allows the Olive & Laurel Portfolio to command rent premiums justified by modern finishes, energy-efficient systems, and contemporary amenities. This scarcity of modern product creates a defensible competitive moat.

Longfellow demonstrates long-term neighborhood stability with over 100 years of residential continuity, mature infrastructure, and a high proportion of owner-occupied housing. This provides downside protection and positions the portfolio in a submarket that offers steady appreciation without speculative development risk.

The properties benefit from excellent transit connectivity via Minnehaha Avenue bus routes, proximity to Lake Street Midtown Station, and extensive bike infrastructure. Immediate access to Minnehaha Regional Park and Falls further enhances lifestyle appeal, supporting tenant retention and long-term demand.