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    Luverne, MN Apartment Buildings for Sale

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    32-Unit Historic Apartment Building
    Updated: Jul 6
    32-Unit Historic Apartment Building

    109 E Luverne Street, Luverne, MN 56156

    $1,750,000
    2.22 AC lot
    32‑unit condominium complex in a repurposed historic school building
    Built in 1925 on 2.217 acres
    Unit mix includes 1-, 2-, and 3‑bedroom residences
    Full‑size gymnasium, community room, outdoor green space, and coin‑operated laundry
    Accessible elevator installed with ramped approach
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    32-Unit Historic Apartment Complex
    Updated: Aug 20
    32-Unit Historic Apartment Complex

    109 E Luverne Street Units 101-336, Luverne, MN 56156

    $1,750,000
    75,000 sqft
    32‑unit condominium complex in a historic school building
    75,000‑square‑foot property constructed in 1925
    Mix of 1-, 2-, and 3‑bedroom units
    Full‑size gymnasium, community room, and outdoor green space
    Elevator and coin‑operated laundry on site
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Luverne, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    42-Unit Townhome-Style Apartments
    42-Unit Townhome-Style Apartments

    4802 S Hosta Ave, Sioux Falls, SD 57110

    $7,950,000
    59,544 sqft

    Townhome-style residences offer attached garages, private patios, open layouts, and in-unit laundry.

    View details
    27-Unit Apartment Building with Garages
    27-Unit Apartment Building with Garages

    3509 E Willow Leaf St, Sioux Falls, SD 57110

    $2,700,000
    13,494 sqft

    Multifamily property offering one- and two-bedroom residences with substantial enclosed garage capacity.

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    Large Multifamily Community in Sioux Falls
    Large Multifamily Community in Sioux Falls

    4213 E 12th St, Sioux Falls, SD 57103

    Contact for pricing
    240,986 sqft 9.50 AC lot

    248-unit apartment complex in established residential area.

    View details
    Townhome-Style Multifamily Community
    Townhome-Style Multifamily Community

    4601 East 3rd Street, Sioux Falls, SD 57110

    Contact for pricing

    Two-story rental community with private entrances, eat-in kitchens, patios or yards, and detached single-stall garages.

    View details

    Off-Market Properties in Luverne, MN

    Consider similar Off-Market properties in Luverne, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    109 Luverne St
    Multifamily properties

    109 Luverne St, Luverne, MN 56156

    Estimated value:
    No data
    75,000 sqft 2.22 AC lot
    View details
    109 Luverne St
    Residential income properties

    109 Luverne St, Luverne, MN 56156

    Estimated value:
    No data
    75,000 sqft 2.22 AC lot
    View details
    120 Hatting St
    Residential income properties

    120 Hatting St, Luverne, MN 56156

    Estimated value:
    No data
    54,000 sqft 2.53 AC lot
    View details
    109 Luverne St
    Residential income properties

    109 Luverne St, Luverne, MN 56156

    Estimated value:
    No data
    25,000 sqft 2.22 AC lot
    View details
    109 Luverne St
    Multifamily properties

    109 Luverne St, Luverne, MN 56156

    Estimated value:
    No data
    25,000 sqft 2.22 AC lot
    View details

    Luverne, MN Apartment Buildings Market Trends and Statistics

    Explore 7 apartment buildings for sale in Luverne, MN on our real estate platform. These investment opportunities span a total of 75,000 square feet of properties for sale, with an estimated market value of $3,500,000.

    Sale prices for two-family homes in Luverne, MN average $1,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 6,398
    Population Growth (5Y) +10.1%
    Median Household Income $75,234
    College Educated 36.5%

    High-Yield Neighborhoods for Investment

    Identify Luverne submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56156 $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.88%
    Property Tax per SF $13.51 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

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