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Fully Rented Duplex
New
For Sale
$56,900

118 2nd St. S, Virginia, MN 55792

MULTI_FAMILY - Virginia, MN

Property Size742 SF
Price / SF$76.68
Days on Market4

Property Features for 118 2nd St. S

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
Elementary school district Virginia
Middle school district Virginia
High school district Virginia
Subdivision Virginia
Standard status Active
Size 742 SF

Utilities

Heating system Natural Gas

Building Details

Year built 1906
Number of units 2
Building materials Wood Frame
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 1:06PM
MLS# 150477

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 742-square-foot duplex was built in 1906 and features a wood-frame structure, asphalt roofing, and natural-gas heating. The layout includes three bedrooms and two bathrooms, supporting two residential units. Recent improvements include an updated HVAC system and some plumbing work, while both units are currently rented.

The property at 118 2nd St. S in Virginia, Minnesota, is zoned R and must be purchased as part of a bundle with 116 2nd St. S and 824 13th St. N. Its location provides access to downtown areas, shopping, social areas, and parks within a short travel distance.

Key Highlights

  • Fully rented duplex with 3 bedrooms and 2 bathrooms
  • 742 square feet; built in 1906
  • Updated HVAC system and some plumbing improvements

Property Analytics

Current Use

Duplexes

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
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Frequently Asked Questions

What type of property is this?
Duplex - Wood-frame duplex with natural-gas heat, recent HVAC and plumbing improvements, and an established two-unit layout.
Where is this duplex located?
The property is located at 118 2nd St. S Virginia, MN.
What is the asking price?
The asking price for this property is $56,900.
What are key features of this property?
This property features: Fully rented duplex with 3 bedrooms and 2 bathrooms; 742 square feet; built in 1906; Updated HVAC system and some plumbing improvements
More about this property
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