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    Renovated Apartment Building
    Updated: Apr 12
    Renovated Apartment Building

    112 Pleasant St NE, Preston, MN 55965

    Contact for pricing
    29‑unit apartment building created through the renovation of a former high school
    Apartment sizes range from 400 sq ft to 1547 sq ft
    Washer/dryer hookups available in 27 of the 29 units
    New roof installed on the majority of the building
    History of full occupancy and established rental income
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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Preston, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Mixed-Use Property with 11 Spaces
    Mixed-Use Property with 11 Spaces

    272 E 3rd St, Winona, MN 55987

    $695,000
    11,264 sqft

    Downtown building combines residential, office, and retail uses with parking positioned behind the property.

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    Historic Apartment Building with Campus Facilities
    Historic Apartment Building with Campus Facilities

    457 Gould Street, Winona, MN 55987

    Contact for pricing
    8,278 sqft

    Large former university residence with classrooms, offices, apartments, recreation areas, and food service facilities.

    View details
    Renovated Multifamily with Furnished Units
    Renovated Multifamily with Furnished Units

    1600 Marion Rd SE, Rochester, MN 55904

    Contact for pricing

    Renovated into 12 furnished units with kitchens, plus off-street parking and a 936-SF garage for added utility.

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    Creekside Apartment Buildings
    Creekside Apartment Buildings

    1405-1505 Marion Road SE, Rochester, MN 55904

    Contact for pricing

    Three-building apartment property with on-site laundry, parking, and private outdoor space for every apartment.

    View details

    Preston, MN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Preston, MN on our real estate platform.

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    Demographics Overview

    Population 2,253
    Population Growth (5Y) -11.3%
    Median Household Income $62,917
    College Educated 34.4%

    Taxes & Financing

    Tax Rate (average for all types) 2.91%
    Property Tax per SF $14.71 per SF
    Tax Rate vs County Average 0.50 pp above county avg
    Average Loan-to-Value 65.0%

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