Brick Triplex with River
629 5th Avenue N Saint Cloud, MN 56303
629 5th Avenue N, Saint Cloud, MN, 56303
$345,000
Pending
For Sale
$345,000
Pending
MULTI_FAMILY - Saint Cloud, MN
Property Size1,875 SF
Lot Size0.15 Acres
Days on Market151
Property Features for 629 5th Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Basement, Bedroom 2, Bathroom 3
- Parking features
- Driveway, Covered, Parking Lot
- Exterior features
- Brick/Stone
- Standard status
- Pending
- APN
- 82482290000
- Size
- 1,875 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3410
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1950
- Building materials
- Block
- Roof type
- Flat, Tar/Gravel
Listing Agency
Century 21 First Realty, Inc.
(320) 252-4908
24 Division St, Waite Park, MN
Listed by
Mark Hoffmann · License #MN40676369
(320) 252-4908
Added: Feb 17 Checked: Jul 18 at 5:06 am
MLS# 7023300
Listing URL
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 brick triplex overlooks the Mississippi River and contains three apartments. The upper unit is a one-bedroom layout with office space. The middle and lower units are both two-bedroom apartments. Each apartment is separately metered, supporting individual utility billing. In 2024, a new electrical panel installation was completed, including four new 100-amp panels: three for the apartments and one for the common area.
The property is located in Saint Cloud, Minnesota, at 629 5th Avenue N, and is described as being close to the hospital. The river-facing setting is a defining physical characteristic of the building.
For investors or owner-operators seeking a small multifamily property, this setup provides three distinct rental units with separate metering. The current tenants are noted as long term, and the reported rents are under current market value. With the electrical infrastructure updated through the addition of dedicated panels for apartment and common spaces, the building may appeal to buyers looking to reduce near-term electrical concerns while maintaining a straightforward three-unit structure.
The property is located in Saint Cloud, Minnesota, at 629 5th Avenue N, and is described as being close to the hospital. The river-facing setting is a defining physical characteristic of the building.
For investors or owner-operators seeking a small multifamily property, this setup provides three distinct rental units with separate metering. The current tenants are noted as long term, and the reported rents are under current market value. With the electrical infrastructure updated through the addition of dedicated panels for apartment and common spaces, the building may appeal to buyers looking to reduce near-term electrical concerns while maintaining a straightforward three-unit structure.
Key Highlights
- Brick triplex overlooking the Mississippi River with 3 separate apartments
- Apartment layout: upper unit has 1 bedroom plus office space; middle and lower units have 2 bedrooms each
- Each apartment is separately metered
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 | $41.6k | $22.20 |
| − Vacancy | −$2.5k | −$1.33 |
| EGI | $39.1k | $20.87 |
| − OpEx | −$11.7k | −$6.26 |
| NOI | $27.4k | $14.61 |
1,875 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.4K – $456.6K
NOI $27,395 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$359.5K
$314.5K – $419.4K
NOI $25,162 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$447.3K
$391.4K – $521.9K
NOI $31,314 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separately metered apartments offer long-term rental income with updated electrical panels installed in 2024.
Where is this triplex located?
The property is located at 629 5th Avenue N Saint Cloud, MN.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Brick triplex overlooking the Mississippi River with 3 separate apartments; Apartment layout: upper unit has 1 bedroom plus office space; middle and lower units have 2 bedrooms each; Each apartment is separately metered
