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    Bingham Lake, MN Jackson, MN Mountain Lake, MN Heron Lake, MN Okabena, MN Westbrook, MN Butterfield, MN Lamberton, MN
    Converted Motel Apartment Community
    Updated: May 15
    Converted Motel Apartment Community

    1955 FIRST AVE N, Windom, MN 56101

    Contact for pricing
    27,332 sqft
    Converted motel into a 3‑building affordable apartment community with 37 apartment units
    Built in 2000 and extensively renovated in 2020, including updated kitchens, bathrooms, and vinyl plank flooring throughout
    On‑site amenities include leasing office, laundry facility, and dedicated mail room
    Includes 10 detached garages and 4 storage lockers for resident storage and parking
    Existing property tax abatement in place to support cash flow
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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 6 Potential Opportunities for your consideration. Besides 1 Active listings in Windom, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Townhome-Style Apartment Buildings
    Townhome-Style Apartment Buildings

    3300 Sunner Ave Bldg A & B, Spirit Lake, IA 51360

    $1,395,000
    14,784 sqft

    Twelve-unit multifamily property with attached garages, in-unit laundry, and walk-out patios.

    View details
    23-Unit Apartment Property
    23-Unit Apartment Property

    3200 Maple Ave, Slayton, MN 56172

    $645,000
    20,714 sqft

    Multifamily building with a balanced mix of one- and two-bedroom residences.

    View details
    32-Unit Senior Housing Property
    32-Unit Senior Housing Property

    3200 Maple Ave Unit 2, Slayton, MN 56172

    $599,900
    27,513 sqft

    One-bedroom layouts include common areas, on-site parking, and individually metered electric.

    View details
    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    1501 Hill Ave, Spirit Lake, IA 51360

    $900,000

    Multi-unit property offers detached garage parking, basement storage, and shared laundry facilities.

    View details

    Off-Market Properties in Windom, MN

    Consider similar Off-Market properties in Windom, 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.

    1685 Redding Ave
    Multifamily properties

    1685 Redding Ave, Windom, MN 56101

    Value Estimation by Request
    56,019 sqft 1.88 AC lot
    View details

    Windom, MN Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Windom, MN on our real estate platform. These investment opportunities span a total of 27,332 square feet of properties for sale.

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    Demographics Overview

    Population 6,081
    Population Growth (5Y) +3.3%
    Median Household Income $71,354
    College Educated 31.2%

    Taxes & Financing

    Tax Rate (average for all types) 2.50%
    Property Tax per SF $34.49 per SF
    Tax Rate vs County Average 0.34 pp above county avg
    Average Loan-to-Value 65.0%

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