4-Unit Quadplex with Updated
For Sale
$160,000
110 3rd Ave N, Biwabik, MN 55705
Mixed apartment layout with current long-term rental use, vacant units, and stated short-term rental flexibility.
Property Size2,200 SF
Price / SF$72.73
Days on Market15
Property Features for 110 3rd Ave N
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR, 1 x 1BR, 1 x Efficiency
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,148
Building Details
Tenancy
Multi
Listing Agency:
GRAND PROPERTIES REAL ESTATE
(218) 326-4477
Listed By:
Joseph Tome
(218) 235-8325
Source:
Exprealty
Added: Sep 12
Changed: Sep 17
Last Checked: Sep 24 at 10:48AM
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 GRAND PROPERTIES REAL ESTATE
Investment Insights
Based on property information with market context.
Located at 110 3rd Ave N in Biwabik, MN, this quadplex contains four apartments: two two-bedroom units, one one-bedroom apartment, and one efficiency. Two of the units are leased, while the one-bedroom and efficiency are vacant. Existing occupancy is structured through month-to-month or soon-to-expire leases.
Property improvements include three new water heaters installed in the last three years, a furnace converted to natural gas, and electrical service updated to breakers. Wiring has also been run for a potential laundry room. A metal roof and blown-in attic insulation are in place, and heat and utilities are included in tenant rent. The property is currently operated as a long-term rental, with short-term rental use identified as an additional option.
Property improvements include three new water heaters installed in the last three years, a furnace converted to natural gas, and electrical service updated to breakers. Wiring has also been run for a potential laundry room. A metal roof and blown-in attic insulation are in place, and heat and utilities are included in tenant rent. The property is currently operated as a long-term rental, with short-term rental use identified as an additional option.
Key Highlights
- Four‑unit layout with two 2‑bedroom apartments, one 1‑bedroom, and one efficiency
- Two units are leased; the 1‑bedroom and efficiency are vacant
- Three new water heaters installed in the last three years
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 55705, MN
3,226
Population
1,891
Households
1.7
Avg Household Size
50
Median Age
17%
College-Educated
91%
High-School Grad
83.4 sq mi
ZIP Area
39
Density / Sq Mi
$54,047
Median Household Income
$43,536
Median Earnings
$471
Median Rent
$124,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Mixed apartment layout with current long-term rental use, vacant units, and stated short-term rental flexibility.
Where is this quadplex located?
The property is located at 110 3rd Ave N Biwabik, MN.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Four‑unit layout with two 2‑bedroom apartments, one 1‑bedroom, and one efficiency; Two units are leased; the 1‑bedroom and efficiency are vacant; Three new water heaters installed in the last three years
