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    717 Cedar Ave Owatonna, MN 55060

    Sponsored
    For Sale
    $442,500

    Historic Charm, Excellent Cash Flow

    Property size:
    4,792 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 7-unit apartment building, located at 717 S Cedar Avenue in the heart of Owatonna, Minnesota, presents a compelling investment opportunity. The property boasts a total of 4,792 square feet and sits on a 0.46-acre lot. This income-producing asset offers a blend of historic character and modern updates, minimizing maintenance requirements while maximizing rental income. Recent improvements include a new roof, energy-efficient windows, and fresh paint throughout, ensuring both durability and aesthetic appeal. The building's unique architectural details retain its historic charm, while the upgrades enhance functionality and tenant desirability. This property is ideally suited for investors seeking a low-maintenance, high-return investment in a thriving community. The strategic location in the heart of Owatonna provides easy access to local amenities, businesses, and transportation. The asking price for this turnkey investment is $442,500. This represents a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. The combination of historic character, modern updates, and strong rental potential makes this a truly exceptional investment. Serious inquiries are encouraged.

    Property Features for 717 Cedar Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    4,792 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1893
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owatonna
    County
    Steele
    State
    Minnesota
    Longitude
    -93.2255
    Latitude
    44.07781

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    FAQs

    What type of property is this?
    Residential income property - Historic Charm, Excellent Cash Flow
    Where is this residential income property located?
    The property is located at 717 Cedar Ave Owatonna, MN.
    What is the asking price?
    The asking price for this property is $442,500.
    (507) 451-7355
    Request Owner's contact information
    717 Cedar Ave Owatonna, MN 55060
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    Owatonna, MN 55060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    717 Cedar Ave Owatonna, MN 55060
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