10-Unit Apartment
For Sale
$315,000
10 1st Avenue NW, Wells, MN 56097
The unit mix includes studios, one-bedroom apartments, and two-bedroom apartments, with shared owner-operated laundry.
Property Size6,962 SF
Price / SF$45.25
Days on Market9
Property Features for 10 1st Avenue NW
General Information
Standard status
Active
Size
6,962 SF
Property subtype
Commercial
Zoning
Residential-Multi-Family
Units
Unit Mix
2 x studio, 4 x single bedroom, 4 x two-bedroom
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$6,334
Amenities
owner laundry
Building Details
Building Size
6,962 SF
Year Built
1948
Buildings
1
Units
10
Abandoned
No
Listing Agency:
RE/MAX Results
Listed By:
Dylan A Maitland
(952) 829-2900
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 29 at 11:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
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Investment Insights
Based on property information with market context.
This standalone apartment property contains 10 units: 2 studios, 4 one-bedroom apartments, and 4 two-bedroom apartments. The building totals 6,962 square feet and was built in 1948. Shared laundry includes a washer and dryer for resident use. An unfinished basement provides storage and supply space, with additional rental storage areas in the building.
One two-bedroom unit is vacant and undergoing remodeling. The property has on-street parking and is zoned Residential-Multi-Family.
One two-bedroom unit is vacant and undergoing remodeling. The property has on-street parking and is zoned Residential-Multi-Family.
Key Highlights
- 10 units: 2 studios, 4 one‑bedroom apartments, and 4 two‑bedroom apartments
- 6,962‑square‑foot building constructed in 1948
- Owner‑provided washer and dryer; laundry is not coin‑operated
Property Analytics
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
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Business Placement
Demographics for 56097, MN
3,613
Population
1,801
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
92%
High-School Grad
175.6 sq mi
ZIP Area
21
Density / Sq Mi
$63,646
Median Household Income
$42,046
Median Earnings
$761
Median Rent
$118,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes studios, one-bedroom apartments, and two-bedroom apartments, with shared owner-operated laundry.
Where is this apartment building located?
The property is located at 10 1st Avenue NW Wells, MN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 10 units: 2 studios, 4 one‑bedroom apartments, and 4 two‑bedroom apartments; 6,962‑square‑foot building constructed in 1948; Owner‑provided washer and dryer; laundry is not coin‑operated
