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Four-Unit Quadplex with Laundry
For Sale
$270,000

1208 S 2nd Ave W, Virginia, MN 55792

MULTI FAMILY, Virginia, MN

Property Size3,956 SF
Price / SF$68.25
Days on Market48

Property Features for 1208 S 2nd Ave W

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 7, Bedroom 8, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 5
Parking features On Street, Offsite
Elementary school district Virginia
Middle school district Virginia
High school district Virginia
Subdivision Virginia
Standard status Active
Size 3,956 SF

Utilities

Heating system Electric (Heating)

Amenities

coin-operated laundry

Building Details

Year built 1908
Number of units 4
Building materials Wood Frame
Roof type Shingle
Listing Agency: Johnson Hometown Realty
Listed By: Rena Freeman
Added: Aug 25 Changed: Sep 14 Last Checked: Oct 11 at 1:06AM
MLS# 150593

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 3,956-square-foot quadplex contains four apartments, each arranged with two bedrooms and one bathroom. The wood-frame property was built in 1908 and features electric heat, a shingle roof, and on-site coin-operated laundry. Recent capital work includes new windows throughout all four units, a roof replacement completed in 2024, and flooring installed in many apartments. Appliances and bathrooms have also been updated as needed.

The property is fully occupied with established tenants on fixed-term leases and is professionally managed. It has passed the City of Virginia’s residential rental inspection. Parking is available offsite and on street. Square footage and accounting figures are approximate and should be verified by the buyer.

Key Highlights

  • Four‑unit quadplex with four consistent 2‑bedroom, 1‑bathroom apartments
  • 3,956 square feet; square footage is approximate
  • New roof completed in 2024

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Locksmith HVAC Service Electrical Service Real Estate Agency

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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

180
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - Consistent two-bedroom layouts are paired with on-site coin-operated laundry and fixed-term leases.
Where is this quadplex located?
The property is located at 1208 S 2nd Ave W Virginia, MN.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Four‑unit quadplex with four consistent 2‑bedroom, 1‑bathroom apartments; 3,956 square feet; square footage is approximate; New roof completed in 2024
More about this property
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