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Renovated Duplex with Lower Apartment
For Sale
$625,000

120 Cedar Ave, Moose Lake, MN 55767

Separate upper and lower living areas allow for residential use alongside a rental unit.

Property Size4,454 SF
Price / SF$140.32
Days on Market9

Property Features for 120 Cedar Ave

General Information

Standard status Active
Size 4,454 SF
Property subtype Residential Income

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,344

Building Details

Year Built 1925
Buildings 1
Construction stone
Listing Agency: Evergreen Realty LLC
Listed By: Desiree Chandler · License #40912518
Source: Exprealty
Added: Sep 19 Changed: Sep 24 Last Checked: Sep 26 at 10:27AM

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 Evergreen Realty LLC

Investment Insights

Based on property information with market context.

At 120 Cedar Ave in Moose Lake, this renovated stone duplex dates to 1925 and contains an upper residence and a downstairs apartment. The upper level has high ceilings and large windows. Renovation work included HVAC, electrical and plumbing systems, as well as kitchens, bathrooms, bedrooms, flooring and fixtures.

Moosehead Lake is nearby, with a sandy beach, fishing pier, boat launch, walking and hiking trails, and ATV trails. Local dining and a brewery are also noted in the surrounding area.

Key Highlights

  • Stone duplex built in 1925
  • Downstairs apartment and separate upper residence
  • Renovations included HVAC, electrical, plumbing, kitchens, bathrooms, bedrooms, flooring and fixtures

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Plumbing Service Pharmacy (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

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

2
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby

Demographics for 55767, MN

4,495
Population
1,534
Households
2.9
Avg Household Size
44
Median Age
14%
College-Educated
92%
High-School Grad
56.5 sq mi
ZIP Area
80
Density / Sq Mi
$73,810
Median Household Income
$31,761
Median Earnings
$909
Median Rent
$226,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Separate upper and lower living areas allow for residential use alongside a rental unit.
Where is this duplex located?
The property is located at 120 Cedar Ave Moose Lake, MN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Stone duplex built in 1925; Downstairs apartment and separate upper residence; Renovations included HVAC, electrical, plumbing, kitchens, bathrooms, bedrooms, flooring and fixtures
More about this property
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