12-Unit Apartment
For Sale
Contact for pricing
17 8th Street, Cloquet, MN 55720
Twelve-unit multifamily property offered for sale with 100% occupancy.
Property Size5,200 SF
Price / SF$148.08
Days on Market58
Property Features for 17 8th Street
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$68,355
Additional Details
Business Included
Yes
Multifamily Units
12
Building Details
Year Built
1920
Year Renovated
2025
Buildings
1
Tenancy
Multi
Listing Agency:
Palomar Real Estate Group
Listed By:
Lee Malchow · License #GA 384018
Source:
Crexi
Added: Jun 16
Changed: Aug 10
Last Checked: Aug 11 at 4:41PM
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 Palomar Real Estate Group
Investment Insights
Based on property information with market context.
This offering is a 12-unit apartment complex presented for sale. The property is described as 100% occupied, providing an income-producing residential setup across multiple units.
The information provided identifies the asset as located at 17 8th Street in Cloquet, Minnesota (55720). No additional site specifics, exterior conditions, unit mix, or building improvements are included in the remarks.
For buyers seeking a small, stabilized multifamily investment, the key operational takeaway from the provided details is occupancy level. This configuration can fit investors who prefer managing multiple residential units within one apartment building rather than a single-tenant structure. Due diligence should include confirming the unit mix and physical condition, reviewing current leases and rent terms, and validating all financial and operational details during underwriting.
The information provided identifies the asset as located at 17 8th Street in Cloquet, Minnesota (55720). No additional site specifics, exterior conditions, unit mix, or building improvements are included in the remarks.
For buyers seeking a small, stabilized multifamily investment, the key operational takeaway from the provided details is occupancy level. This configuration can fit investors who prefer managing multiple residential units within one apartment building rather than a single-tenant structure. Due diligence should include confirming the unit mix and physical condition, reviewing current leases and rent terms, and validating all financial and operational details during underwriting.
Key Highlights
- 12‑unit apartment complex
- Built in 1920
- 100% occupied
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 55720, MN
17,236
Population
7,687
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
92%
High-School Grad
156.4 sq mi
ZIP Area
110
Density / Sq Mi
$66,399
Median Household Income
$42,718
Median Earnings
$976
Median Rent
$213,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit multifamily property offered for sale with 100% occupancy.
Where is this apartment building located?
The property is located at 17 8th Street Cloquet, MN.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 12‑unit apartment complex; Built in 1920; 100% occupied
