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Blue Earth Multifamily Investment

905 E 5th Street, Blue Earth, MN 56013

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For Sale

$419,900

Commercial - Blue Earth, MN

Lot size:

0.60 Acres

HighLights

9.1 Cap Rate
Located in an "Opportunity Zone"
5.4 GRM
10% Cash on Cash 1st year with a 1.25 DSCR loan
Low vacancy and turnover rate
Mix of unit types (studio, one, two, and three bedroom apartments)

We can help!

Listing Contact

Kevin Goettl

For Sale

$419,900

Commercial - Blue Earth, MN

Lot size:

0.60 Acres

Added:: Feb 2, 2026
Days on Market:: 131
Last Refresh:: Jun 13 at 1:06 pm

Property Features for 905 E 5th Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Residential-Multi-Family
Parking features: Parking Lot
Exterior features: Brick/Stone, Vinyl
Standard status: Active
APN: 212005860
Lot size: 0.60 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 4410

Utilities

Heating system: Forced Air

Building Details

Year built: 1955
Architectural style: Other

We can help!

Listing Contact

Kevin Goettl

Listing agent Kevin Goettl

Listing office RE/MAX Results 11200 W 78th Street, Eden Prairie, MN

Listing date Feb 2, 2026

MLS# 7015348 Listing URL

HighLights

9.1 Cap Rate
Located in an "Opportunity Zone"
5.4 GRM
10% Cash on Cash 1st year with a 1.25 DSCR loan
Low vacancy and turnover rate
Mix of unit types (studio, one, two, and three bedroom apartments)

Overview

The Oaks Apartments, situated in an Opportunity Zone, feature eleven units comprising two studio, three one-bedroom, five two-bedroom, and one three-bedroom apartments. The property has a 9.1 Cap Rate, a 5.4 GRM, and a projected 10% Cash on Cash return in the first year, supported by a 1.25 DSCR loan and a 51% operating expense ratio. The units are well-maintained, with repair and maintenance issues addressed promptly. The property benefits from a low vacancy and turnover rate, with some long-term tenants. Ample parking is available for residents and guests. The sale includes coin-operated washer and dryer. The building features a low-maintenance vinyl and stone exterior, complemented by a metal roof. The property is located in Blue Earth, MN, on a 0.6-acre lot. The property is zoned for residential multi-family use.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Blue Earth
County: Faribault
State: Minnesota
Longitude: -94.090412
Latitude: 43.640099

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For sale
Apartment buildings
MN
Blue Earth
56013
905 E 5th Street

What type of property is this?

Apartment building - Eleven-unit apartment building with strong income potential in Blue Earth.

Where is this apartment building located?

The property is located at 905 E 5th Street Blue Earth, MN.

What is the asking price?

The asking price for this property is $419,900.

What are key features of this property?

This property features: 9.1 Cap Rate; Located in an "Opportunity Zone"; 5.4 GRM

905 E 5th Street, Blue Earth, MN 56013

Commercial - Blue Earth, MN

Property Features for 905 E 5th Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Established Restaurant with Drive-Thru

Versatile Commercial Building in Blue Earth

Insulated Building on Corner Lot

Value-Add Apartment Opportunity

150,400 SF Manufacturing/Distribution Facility

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