Updated Four-Plex with Detached
12 Linney St Babbitt, MN 55706
12 Linney St, Babbitt, MN, 55706
$425,000
For Sale
$425,000
MULTI_FAMILY - Babbitt, MN
Property Size3,460 SF
Price / SF$122.83
Days on Market31
Property Features for 12 Linney St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- multi
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 2, Bedroom 5
- Parking features
- Parking Lot, Garage
- Patio and Porch features
- Deck, Patio
- Exterior features
- Deck, Garage, Patio
- Standard status
- Active
- Size
- 3,460 SF
Utilities
- Heating system
- Natural Gas, Forced Air, Electric (Heating)
- Cooling system
- Window Unit(s), Ceiling Fan(s)
Building Details
- Year built
- 1977
- Number of units
- 4
- Building materials
- Concrete Block
- Roof type
- Asphalt
Listing Agency
Anchor Realty
(612) 501-2878
307 Douglas Drive, Buffalo, MN
Listed by
Chessica Olson
(763) 257-5080
Added: Jun 18 Checked: Jul 18 at 7:06 am
MLS# 149615
Listing URL
Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained four-plex is configured with an owner’s unit and three additional rental units, along with detached garages. The property includes a shared laundry room for tenants, while the owner’s unit features private laundry facilities. Interior comfort details include a gas fireplace in the owner’s unit. Recent improvements reported include a new roof on both buildings, new siding, fresh paint, and newer windows, along with other key updates throughout.
The property is located in the heart of Babbitt and is described as being close to lakes, parks, and recreational trails. It is offered for sale as a flexible setup for owner-occupants or investors who prefer a multi-unit structure.
For buyers seeking a live-and-earn arrangement, the layout allows one party to occupy the owner’s unit while generating rental income from the three additional units. Tenants benefit from access to a shared laundry room, while the owner’s space includes private laundry. With multiple major exterior components addressed through reported updates such as roofing, siding, paint, and windows, the building presents a practical option for operators looking for a property with documented improvements.
The property is located in the heart of Babbitt and is described as being close to lakes, parks, and recreational trails. It is offered for sale as a flexible setup for owner-occupants or investors who prefer a multi-unit structure.
For buyers seeking a live-and-earn arrangement, the layout allows one party to occupy the owner’s unit while generating rental income from the three additional units. Tenants benefit from access to a shared laundry room, while the owner’s space includes private laundry. With multiple major exterior components addressed through reported updates such as roofing, siding, paint, and windows, the building presents a practical option for operators looking for a property with documented improvements.
Key Highlights
- 4‑plex built in 1977 with a mix of bedroom and bathroom rooms
- Detached garages plus parking lot parking included
- Recent exterior and major updates include new roof on both buildings, new siding, and fresh paint
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $13.50 |
| − Vacancy | −$2.7k | −$0.77 |
| EGI | $44.0k | $12.73 |
| − OpEx | −$13.2k | −$3.82 |
| NOI | $30.8k | $8.91 |
3,460 SF · lease $13.50/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$440.5K
$385.4K – $513.9K
NOI $30,833 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$404.8K
$354.2K – $472.3K
NOI $28,335 @ 7.0% cap · market cap 6.67%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.57M
NOI $93,953 @ 7.0% cap · market cap 22.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-plex with detached garages and multiple recent exterior updates, plus shared and private laundry options.
Where is this quadplex located?
The property is located at 12 Linney St Babbitt, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4‑plex built in 1977 with a mix of bedroom and bathroom rooms; Detached garages plus parking lot parking included; Recent exterior and major updates include new roof on both buildings, new siding, and fresh paint
