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Four-Unit Apartment Building
For Sale
$252,000

202 N Cass Avenue, Springfield, MN 56087

MULTI_FAMILY - Springfield, MN

Property Size4,900 SF
Lot Size0.34 Acres
Price / SF$51.43
Days on Market8

Property Features for 202 N Cass Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning description Residential-Multi-Family
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 8, Basement, Bathroom 4, Bathroom 2
Parking features Garage, Garage - Detached, Parking Lot
Exterior features Brick/Stone
Subdivision Van Dusen Add
Lot features Tree Coverage - Medium
High school district Springfield
Directions Coming from Rock Street, turning right onto Cass Avenue. Continue straight for 2 blocks property will be on the corner to your right.
Standard status Active
APN 00331000905050
Size 4,900 SF
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2684

Utilities

Heating system Forced Air

Building Details

Year built 1940
Building materials Brick
Roof type Rubber, Flat
Listing Agency: Kerkhoff Auction & Real Estate
Listed By: Samantha Pendleton
Added: Jul 24 Changed: Jul 30 Last Checked: Jul 31 at 7:06PM
MLS# 7115515

Copyright © 2026 Northstar MLS. 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 four-unit apartment building offers an income-producing layout with all units currently leased. The property is brick construction with exterior brick/stone elements and includes a basement. The building is heated with forced air systems and features flat/rubber roofing.

Set on a desirable corner lot, the property includes parking and garages, with detached garage options and a parking lot on site. Additional practical features include multiple bedrooms and bathrooms across the units, supporting flexible resident layouts.

Built in 1940, the property is described as well maintained, with updates noted for the roof and furnaces. The site also includes an on-site waiting list, supporting leasing continuity.

Key Highlights

  • Four‑unit apartment building with all units currently leased
  • Corner lot setting with parking lot and detached garages
  • Brick construction with brick/stone exterior

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby

Demographics for 56087, MN

3,026
Population
1,442
Households
2.1
Avg Household Size
46
Median Age
24%
College-Educated
92%
High-School Grad
146.1 sq mi
ZIP Area
21
Density / Sq Mi
$64,566
Median Household Income
$45,417
Median Earnings
$777
Median Rent
$139,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit apartment building with detached garages on a corner lot, brick construction, and forced-air heat.
Where is this quadplex located?
The property is located at 202 N Cass Avenue Springfield, MN.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Four‑unit apartment building with all units currently leased; Corner lot setting with parking lot and detached garages; Brick construction with brick/stone exterior
More about this property
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