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Side-by-Side Duplex with Garage
For Sale
$255,000

1028 S Cedar Ave, Owatonna, MN 55060

Two separately serviced units offer flexible owner-occupant and rental configurations.

Property Size2,894 SF
Price / SF$88.11
Days on Market8

Property Features for 1028 S Cedar Ave

General Information

Standard status Active
Size 2,894 SF
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Units

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

Additional Details

Utilities to Site Yes

Amenities

laundry
basement
yard

Building Details

Year Built 1900
Tenancy Single
Listing Agency: Re/Max Advantage Plus
Listed By: David Bauer · License #NST506016903
Source: Tayloronken
Added: Sep 20 Changed: Sep 23 Last Checked: Sep 26 at 1:22PM

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 Re/Max Advantage Plus

Investment Insights

Based on property information with market context.

This 2,894-square-foot side-by-side duplex includes two distinct residential units with separate utilities, laundry facilities, and additional basement storage. The first unit contains 2 bedrooms and 2 bathrooms, with its upper level recently renovated. The second offers 3 bedrooms and 2 bathrooms along with substantial living space. Built in 1900, the property also includes a detached 2-car garage and a large yard.

Current occupancy includes an owner in one unit and a tenant in the other, providing an established two-unit configuration for continued use. The property is located at 1028 S Cedar Ave in Owatonna, near everyday services and downtown Owatonna.

Key Highlights

  • 2,894 SF side‑by‑side duplex at 1028 S Cedar Ave, Owatonna, MN 55060
  • Unit 1 includes 2 bedrooms and 2 bathrooms; upstairs recently fully renovated
  • Unit 2 provides 3 bedrooms and 2 bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Electrical Service Kitchen & Bath Showroom Big Box & Wholesale Store Skin Care Clinic Storage Facility

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
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby

Demographics for 55060, MN

29,693
Population
12,631
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
203.4 sq mi
ZIP Area
146
Density / Sq Mi
$83,848
Median Household Income
$49,325
Median Earnings
$1,018
Median Rent
$239,300
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately serviced units offer flexible owner-occupant and rental configurations.
Where is this duplex located?
The property is located at 1028 S Cedar Ave Owatonna, MN.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 2,894 SF side‑by‑side duplex at 1028 S Cedar Ave, Owatonna, MN 55060; Unit 1 includes 2 bedrooms and 2 bathrooms; upstairs recently fully renovated; Unit 2 provides 3 bedrooms and 2 bathrooms
More about this property
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