119 Main Street E, Wabasha, MN 55981
MULTI_FAMILY - Wabasha, MN
- Added:
- Jun 4, 2026
- Days on Market:
- 30
- Last Refresh:
- Jul 3 at 3:06 pm
Property Features for 119 Main Street E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1
- Parking features
- Driveway
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 270020000
- Size
- 1,510 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4348
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1910
- Roof type
- Shingle
Listing agent Jay Jewson (651) 565-2618
Listing office Jewson Realty 105 Pembroke Avenue, Wabasha, MN (651) 565-2618
Listing date Jun 4, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Up/down duplex with 2 units and 4 bedrooms total plus 2 bathrooms
- Historic home built in 1910
- Stucco exterior and shingle roof
- Forced‑air heating
- Driveway parking
Overview
Located in the heart of historic Wabasha, the duplex is described as being just steps from the area’s shops, restaurants, and Mississippi riverfront. The combination of central access and proximity to local amenities can be appealing to tenants seeking a walkable, river-town environment.
For owner-occupants, the layout offers the practicality of living in one unit while renting the other. For investors, it presents an option to acquire a two-unit property positioned as turnkey in the listing remarks. The listing also notes that financials and an inspection report are available upon request, providing additional documentation for qualified buyers evaluating the property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $12.60 |
| − Vacancy | −$951 | −$0.63 |
| EGI | $18.1k | $11.97 |
| − OpEx | −$5.4k | −$3.59 |
| NOI | $12.7k | $8.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wabasha
- County
- Wabasha
- State
- Minnesota
- Longitude
- -92.03090782
- Latitude
- 44.38314987
