Apartment Acquisitions · Plymouth
Sell Your Commercial Property In Plymouth, MN
From Parkers Lake to Minnetonka, we buy Plymouth multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Parkers Lake · Wayzata · Minnetonka · New Hope — Hennepin County, MN
Local Demand
Our View On Plymouth
Plymouth, MN is a Hennepin County suburb of 79,220 residents where 24.9% of homes are rented and 23.6% sit in buildings of five or more units (ACS 2020-2024). Owners who want to sell commercial property in Plymouth, MN face a median gross rent of $1,766, class 4a tax at 1.25%, and an annual city rental license. The sections below collect the rents, tax math and landlord rules that Plymouth buyers underwrite, each tied to a Census, HUD, state or city source.
About 53,000 local jobs
Plymouth describes itself as Minnesota's fourth largest economy with approximately 53,000 jobs, a deep employment base for renter demand.High household incomes
Plymouth's median household income of $136,534 (ACS 2020-2024) is 1.53 times Minnesota's $89,062, supporting rents of $1,766 per month.Annual apartment inspections
Plymouth licenses rental dwellings and inspects apartment buildings every year, so buyers see documented condition records before closing.Our Buy Box
What We Buy In Plymouth
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Plymouth Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Plymouth
Renters occupy 24.9% of Plymouth homes, or 8,037 households, per ACS 2020-2024 tenure data. Buildings with five or more units make up 23.6% of Plymouth housing, or 7,907 homes, against 19.4% statewide (ACS units-in-structure table).
About 32.5% of Plymouth homes predate 1980 (ACS year-built table). An owner ready to sell multifamily property in Plymouth is selling newer stock than most of Hennepin County, where 59.8% predates 1980.
Rents and affordability
Median gross rent in Plymouth is $1,766 per month, above Minnesota's $1,280 and Hennepin County's $1,487 (ACS 2020-2024). Plymouth's median household income is $136,534, against $89,062 statewide (ACS income table).
Renters paying 30% or more of income on rent total 40.9% in Plymouth, and 16.3% pay 50% or more (ACS gross-rent-share table). Higher rents and incomes help owners who sell commercial real estate in Plymouth, MN show buyers a durable rent roll.
| HUD FY2027 FMR | Monthly rent |
|---|---|
| Efficiency | $1,265 |
| One-bedroom | $1,427 |
| Two-bedroom | $1,734 |
| Three-bedroom | $2,264 |
| Four-bedroom | $2,538 |
Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, effective October 1, 2026, from HUD fair market rents.
Property taxes in Hennepin County
A $2,000,000 apartment building in Plymouth carries about $21,577 to $23,500 in annual tax under Hennepin County's taxes payable 2024 rates. Apartments of four or more units are class 4a, taxed at 1.25% for taxes payable 2025 (Minnesota Department of Revenue).
Math: $2,000,000 x 1.25% = $25,000 of tax capacity. Plymouth rows on Hennepin's final 2024 composite cards run from 86.306% to 94.000% (2024 composite rate cards). That gives $25,000 x 0.86306 = $21,576.50 and $25,000 x 0.94000 = $23,500.
Anyone ready to sell commercial property in Plymouth, MN also faces Minnesota's state deed tax of 0.33%, or $6,600 on $2,000,000 (Minn. Stat. 287.21).
Landlord rules in Plymouth
Minnesota landlords must return a security deposit within three weeks of the tenancy ending, and deposits earn 1% simple interest (Minn. Stat. 504B.178). A nonpayment eviction notice gives the tenant 14 days to pay or move out (Minn. Stat. 504B.321).
Plymouth requires a rental dwelling license for all rentals, valid one year for apartment buildings, with annual inspections (City of Plymouth rental licensing). Rent control needs voter approval at a general election (Minn. Stat. 471.9996).
What it means for an owner
Buyers underwrite Plymouth apartments on rent roll, license and inspection history, and a tax bill of roughly 1.1% to 1.2% of value. An owner who wants to sell commercial real estate in Plymouth, MN should assemble those records first.
Skyline Capital Investments buys buildings with five or more units. To sell your apartment building in Plymouth, start with the cap rate calculator, then see how we buy apartment buildings. Owners ready to sell commercial property in Plymouth, MN can start there.
Local Knowledge
Selling In Plymouth
More about selling in Minnesota →Investing in Plymouth? See apartment syndications in Plymouth →
- Plymouth's final taxes payable 2024 Hennepin composite rates run from 86.306% to 94.000%.
- Minnesota's deed tax is 0.33% of net consideration, or $6,600 on a $2,000,000 Plymouth sale.
- Plymouth rental vacancy is 5.1% with a margin of error of 2.2 points (ACS 2020-2024).
Seller Guides
Selling A Building In Plymouth
Learn More
Taxes & Rules For Plymouth Property
The Minnesota rules that shape any deal in Plymouth: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Plymouth Seller FAQ
How do I sell commercial property in Plymouth, MN?
Start with a rent roll, current Plymouth rental license, inspection records, and the latest Hennepin County tax statement. Buyers price a Plymouth building on those documents. Skyline Capital Investments buys buildings with five or more units and can review them directly.
What does it cost to sell commercial real estate in Plymouth, MN?
Minnesota charges a deed tax of 0.33% of net consideration under Minn. Stat. 287.21. On a $2,000,000 Plymouth building that is $6,600. Property tax is separate and continues at the Hennepin County rate until closing.
How much property tax does a Plymouth apartment building pay?
Class 4a apartments are taxed at 1.25% of value for taxes payable 2025. Applying Plymouth's 2024 Hennepin composite rates of 86.306% to 94.000%, a $2,000,000 building owes about $21,577 to $23,500 a year, or roughly 1.1% to 1.2% of value.
Does Plymouth require a rental license for apartment buildings?
Yes. Plymouth requires a rental dwelling license for all rental dwellings, valid one year for apartment buildings, and inspects apartment buildings annually. Owners selling commercial property in Plymouth should keep current license and inspection records ready for buyers.
Can Plymouth cap rents on apartments?
Not on its own. Under Minn. Stat. 471.9996, a city, county or town can control rents on private residential property only if voters approve the measure at a general election. Plymouth owners set rents under their leases otherwise.
Will you buy a Plymouth property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Can I sell my Plymouth apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Who buys occupied rental property in Plymouth?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
Do I need a broker to sell my apartment building in Plymouth?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Tell Us About Your Property In Plymouth
A few details are enough to start. We respond to every Plymouth submission, including off-market and pocket listings.
