Condo Investment Properties for Sale in Andover, MN

Investing in condos in Andover, MN offers a balanced opportunity for steady rental yields and capital appreciation. The local market benefits from a moderate average ROI of 6.5% with rental yields close to 7.5%, appealing for investors targeting multifamily housing options. Cap rates remain competitive at 5.2%, reflecting stable demand from renter-occupied units which make up roughly 28% of the housing market. Average monthly rents hover around $1,150, complemented by an encouraging annual appreciation of 3.1%. Investors can expect positive cash flow supported by these strong fundamentals in this growing suburban Minneapolis market.