23017 60th Avenue Saint Augusta, MN 56301
MULTI_FAMILY - Saint Augusta, MN
- Added:
- Jul 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 12 at 4:06 am
Property Features for 23017 60th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 3, Basement, Bathroom 2
- Parking features
- Driveway, Garage - Detached
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 81432290300
- Size
- 3,074 SF
- Lot size
- 1.47 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1632
Utilities
- Heating system
- Baseboard
- Water source
- Well
Building Details
- Year built
- 1960
- Roof type
- Shingle
Listing agent Joel D. Friday (763) 746-4900
Listing office Keller Williams Classic Realty 1740 116th Ave. NW Suite #100, Coon Rapids, MN (763) 746-4900
Listing date Jul 9, 2026
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.
Capital updates include a newer roof, fascia, soffit, and gutters (approximately 4 years old), along with nearly all windows replaced within the last 4 years. Tenant conveniences include fiber optic internet, premium Schlage Encode Plus keyless entry locks, shared laundry with two coin-operated washers and two coin-operated dryers, a fenced dog area, and reverse osmosis water filtration through Culligan.
Parking and storage are supported by five garage stalls, including one oversized 1.5-stall garage. The property can be sold fully furnished at no additional cost, offering a ready-to-operate setup for continued rental use.
Key Highlights
- Fourplex on approx. 1.5 acres, currently operating as furnished mid‑term rentals
- All 4 units are 2‑bedroom/1‑bath and offer approx. 750–775 finished SF per unit
- Extensive updates include roof, fascia, soffit, and gutters (approx. 4 years old) and nearly all windows replaced in the last 4 years
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 | $55.3k | $18.00 |
| − Vacancy | −$2.3k | −$0.75 |
| EGI | $53.0k | $17.25 |
| − OpEx | −$15.9k | −$5.17 |
| NOI | $37.1k | $12.07 |
