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Updated Triplex with Shared Yard
New
For Sale
$374,500

1126 2nd St SE, Wadena, MN 56482

Three residential units with renovated interiors, updated systems, and a shared rear yard with an enclosed dog run.

Property Size3,377 SF
Price / SF$110.90
Days on Market3

Property Features for 1126 2nd St SE

General Information

Standard status Active
Size 3,377 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units 3

Additional Details

Utilities to Site Yes

Amenities

enclosed dog run

Building Details

Year Built 1891
Year Renovated 1995
Buildings 1
Listing Agency: Centennial Realty
Listed By: Bonnie Dykhoff
Source: Vibemn
Added: Sep 13 Last Checked: Sep 14 at 5:36PM

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 Centennial Realty

Investment Insights

Based on property information with market context.

This triplex contains three residential units within a 3,377-square-foot property. Two units offer 2 bedrooms and 1 bathroom each, while the third includes 2 bedrooms and 1.5 bathrooms. The property was moved onto a new block foundation and fully renovated in 1995, followed by additional updates to paint, flooring, fixtures, decking, railings, appliances, mechanical systems, and block heater plug-ins.

Electrical, plumbing, water pipes, sewer lines, and water lines have been redone or updated over the years. The property includes a large shared backyard with an enclosed dog run. Sewer and water piping was configured to allow tie-in for 2 additional units. The building was originally constructed in 1891.

Key Highlights

  • Three‑unit property with two 2‑bedroom, 1‑bath units and one 2‑bedroom, 1.5‑bath unit
  • 3,377‑square‑foot property originally constructed in 1891
  • Moved to a new block foundation and fully renovated in 1995

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Grocery & Convenience Store Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store Storage Facility Daycare Center

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

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

181
Businesses Nearby

Demographics for 56482, MN

6,925
Population
3,387
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
90%
High-School Grad
136.2 sq mi
ZIP Area
51
Density / Sq Mi
$56,356
Median Household Income
$34,651
Median Earnings
$699
Median Rent
$168,000
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?
Triplex - Three residential units with renovated interiors, updated systems, and a shared rear yard with an enclosed dog run.
Where is this triplex located?
The property is located at 1126 2nd St SE Wadena, MN.
What is the asking price?
The asking price for this property is $374,500.
What are key features of this property?
This property features: Three‑unit property with two 2‑bedroom, 1‑bath units and one 2‑bedroom, 1.5‑bath unit; 3,377‑square‑foot property originally constructed in 1891; Moved to a new block foundation and fully renovated in 1995
More about this property
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