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    Babbitt Fourplex: Investment Opportunity Title is generated by Realmo AI

    12 Linney St, Babbitt, MN 55706

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    For Sale
    $425,000

    MULTI_FAMILY - Babbitt, MN

    Property size:
    3,460 SF
    Price / SF:
    $122/SF
    Added:
    Jun 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 12 Linney St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    multi
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 2
    Parking features
    Parking Lot, Garage
    Patio and Porch features
    Patio, Deck
    Exterior features
    Deck, Garage, Patio
    Standard status
    Active
    Size
    3,460 SF

    Utilities

    Heating system
    Forced Air, Electric (Heating), Natural Gas
    Cooling system
    Window Unit(s), Ceiling Fan(s)

    Building Details

    Year built
    1977
    Number of units
    4
    Building materials
    Concrete Block
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Chessica Olson

    Listing agent Chessica Olson

    Listing office Anchor Realty 307 Douglas Drive, Buffalo, MN

    Listing date Jun 1, 2026

    MLS# 149615 Listing URL

    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.

    HighLights

    • Income‑generating 4‑plex with owner's unit.
    • Recent major updates: new roof, siding, and paint.
    • Detached garages for tenants.
    • Owner's unit with private laundry and gas fireplace.
    • Convenient location near lakes, parks, and recreational trails.
    • Newer windows and other key improvements.

    Overview

    This multi-family property is a well-maintained fourplex located in Babbitt, Minnesota. It presents an opportunity to live in the spacious owner's unit while generating income from the three additional units and detached garages, or to utilize the entire property as an investment. The property features updates, including a new roof on both buildings, new siding, and fresh paint. A shared laundry room is available for tenants, while the owner's unit offers private laundry facilities and a gas fireplace. Additional updates include newer windows and other improvements. The property is located close to lakes, parks, and recreational trails. The building size is 3460 square feet. The property is zoned for multi-family use.

    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 $46.7k $13.50
    − Vacancy −$2.7k −$0.77
    EGI $44.0k $12.73
    − OpEx −$13.2k −$3.82
    NOI $30.8k $8.91
    3,460 SF · lease $13.50/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $440.5K
    $385.4K – $513.9K (±1% cap)
    NOI $30,833 @ 7.0% cap · market cap 7.25%
    Second Best
    Apartment 5plus
    $404.8K
    $354.2K – $472.3K (±1% cap)
    NOI $28,335 @ 7.0% cap · market cap 6.67%
    Theoretical Best
    Specialty Retail
    $1.34M
    $1.17M – $1.57M (±1% cap)
    NOI $93,953 @ 7.0% cap · market cap 22.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Babbitt
    County
    St. Louis
    State
    Minnesota
    Longitude
    -91.939792
    Latitude
    47.712961

    Nearby Similar for Sale

    • $225,000

      Bar and Grill Opportunity

      Bar and grill with outdoor seating near Birch Lake.
      2667 HWY 70, Babbitt, MN 55731
      View Details
    • $499,000

      Babbitt Commercial Property For Sale

      Commercial property available for purchase in Babbitt, Minnesota.
      105 Central Boulevard, Babbitt, MN 55706
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex in Babbitt, Minnesota, with income potential.
    Where is this quadplex located?
    The property is located at 12 Linney St Babbitt, MN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Income‑generating 4‑plex with owner's unit.; Recent major updates: **new roof, siding, and paint**.; Detached garages for tenants.
    (763) 257-5080
    We can help!
    Listing Contact
    Chessica Olson
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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