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Fully Rented Triplex
New
For Sale
$64,500

116 2nd St. S, Virginia, MN 55792

MULTI_FAMILY - Virginia, MN

Property Size2,109 SF
Price / SF$30.58
Days on Market4

Property Features for 116 2nd St. S

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 5, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 3
Elementary school district Virginia
Middle school district Virginia
High school district Virginia
Subdivision Virginia
Standard status Active
Size 2,109 SF

Utilities

Heating system Natural Gas

Building Details

Year built 1906
Number of units 3
Roof type Asphalt
Listing Agency: z' Up North Realty
Listed By: Sara Jordahl · License #40484403
Added: Aug 3 Changed: Aug 5 Last Checked: Aug 6 at 2:06PM
MLS# 150476

Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,109-square-foot triplex contains three residential units and is fully rented. Built in 1906, the property has newer HVAC, plumbing, and electrical meters, along with natural-gas heating and an asphalt roof. The R zoning designation supports its residential configuration.

The property is located at 116 2nd St. S in Virginia, Minnesota, with access to downtown areas, banks, shops, restaurants, and other social destinations. The triplex is offered only as part of a package sale that also includes 118 2nd St. S and 824 13th St. N in Virginia.

Key Highlights

  • Fully rented three‑unit triplex
  • 2,109 square feet of property size
  • Built in 1906

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.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

638
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
Questions? Ask 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, zoned R.
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: Fully rented three‑unit triplex; 2,109 square feet of property size; Built in 1906
More about this property
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