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5-Unit One-Level Apartment Building
For Sale
$234,800

106 Aspen Ave SW, Cass Lake, MN 56633

Single-story configuration provides straightforward access and supports efficient property maintenance.

Property Size4,482 SF
Price / SF$52.39
Days on Market90

Property Features for 106 Aspen Ave SW

General Information

Standard status Active
Size 4,482 SF
Property subtype Multi-Family

Units

Unit Mix 4 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 5

Building Details

Year Built 1950
Buildings 1
Stories 1
Listing Agency: Real Broker, LLC
Listed By: The Hoover Group
Source: Searchhousesnow
Added: Jul 20 Changed: Oct 8 Last Checked: Oct 16 at 2:29PM

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 Real Broker, LLC

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Investment Insights

Based on property information with market context.

This apartment property contains 5 units within a 4,482-square-foot, single-level building constructed in 1950. The unit mix includes four two-bedroom, one-bath residences and one one-bedroom, one-bath residence, providing a range of apartment configurations within the same asset.

Located at 106 Aspen Ave SW in Cass Lake, Minnesota, the property offers a compact layout with all residences on one floor. The arrangement supports direct tenant access and simplifies maintenance across the building. Its five-unit configuration provides an established multifamily format for continued residential occupancy.

Key Highlights

  • 5‑unit apartment building with all residences on one level
  • 4,482 square feet of building area
  • Unit mix includes four 2‑bedroom, 1‑bath units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Storage Facility Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

268
Businesses Nearby

Demographics for 56633, MN

4,751
Population
2,547
Households
1.9
Avg Household Size
35
Median Age
18%
College-Educated
88%
High-School Grad
216.4 sq mi
ZIP Area
22
Density / Sq Mi
$62,422
Median Household Income
$30,925
Median Earnings
$873
Median Rent
$157,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Single-story configuration provides straightforward access and supports efficient property maintenance.
Where is this apartment building located?
The property is located at 106 Aspen Ave SW Cass Lake, MN.
What is the asking price?
The asking price for this property is $234,800.
What are key features of this property?
This property features: 5‑unit apartment building with all residences on one level; 4,482 square feet of building area; Unit mix includes four 2‑bedroom, 1‑bath units
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