We report on the electronic properties and band structure of multistacked quantum dots (QDs) fabricated without a strain compensation technique. It is possible to realize a small interdot spacing and introduce a strong quantum mechanical coupling. From the using temperature dependence, polarized photoluminescent spectra, and photoluminescent excitation experiments, we observe a markedly different behavior depending on the interdot spacing. These results evidence that minibands of electrons and holes are formed with interdot spacings of 7 and 3.5 nm, respectively. In addition, thise results are in good agreement with numerical calculations. We describe in detail the miniband formation and electronic structure of multistacked QDs with various interdot spacings of 10 nm or less.