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Updated Triplex Near Downtown
For Sale
$64,500

116 2nd St S, Virginia, MN 55792

Three-unit property with newer HVAC, plumbing, and electrical meters.

Property Size2,109 SF
Price / SF$30.58
Days on Market28

Property Features for 116 2nd St S

General Information

Standard status Active
Size 2,109 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $1,056

Building Details

Buildings 3
Listing Agency: Z' Up North Realty
Listed By: Sara Jordahl · License #40484403
Source: Exprealty
Added: Aug 5 Changed: Aug 28 Last Checked: Aug 30 at 10:11PM

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 Z' Up North Realty

Investment Insights

Based on property information with market context.

This three-unit residential income property contains 2,109 square feet and is currently fully rented. Recent property updates include newer HVAC equipment, updated plumbing, and electrical meters, providing substantial system improvements within the building.

The property is located near downtown Virginia, with banks, shops, restaurants, and other social destinations within quick travel distance. The sale must include the neighboring properties at 118 2nd St. S, Virginia, and 824 13th St. N, Virginia, creating a required package transaction.

Key Highlights

  • 2,109‑square‑foot triplex
  • Fully rented at the time of listing
  • Newer HVAC system

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Skin Care Clinic Parking Lot & Garage Garden Center Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

604
Businesses Nearby

Demographics for 55792, MN

9,827
Population
5,628
Households
1.7
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
95.7 sq mi
ZIP Area
103
Density / Sq Mi
$50,616
Median Household Income
$40,275
Median Earnings
$795
Median Rent
$128,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with newer HVAC, plumbing, and electrical meters.
Where is this triplex located?
The property is located at 116 2nd St S Virginia, MN.
What is the asking price?
The asking price for this property is $64,500.
What are key features of this property?
This property features: 2,109‑square‑foot triplex; Fully rented at the time of listing; Newer HVAC system
More about this property
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