Converted Motel Apartment
For Sale
Contact for pricing
1955 FIRST AVE N, Windom, MN 56101
Three-building affordable apartment community with 37 units, renovated in 2020, plus garages, lockers, and on-site leasing.
Property Size27,332 SF
Price / SF$153.67
Days on Market116
Property Features for 1955 FIRST AVE N
General Information
Standard status
Active
Size
27,332 SF
Class
B
Property subtype
Multifamily
Zoning
multi family
Occupancy
95%
Investment Type
Stabilized
Additional Details
Multifamily Units
37
Amenities
detached garages
storage lockers
on-site leasing office
laundry facility
dedicated mail room
Building Details
Year Built
2000
Year Renovated
2023
Buildings
3
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
RE/MAX Results
Listed By:
Kevin Goettl · License #MN 95340
(651) 500-4720
Source:
Crexi
Added: May 15
Changed: Sep 3
Last Checked: Sep 7 at 5:40AM
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 Results
Investment Insights
Based on property information with market context.
This property is a thoughtfully converted motel that now operates as a 37-unit apartment community across three separate buildings. Originally constructed in 2000 and extensively renovated in 2020, the units feature modernized interiors, including updated kitchens, updated bathrooms, and durable vinyl plank flooring throughout.
Additional on-site features support day-to-day operations and resident convenience, including an on-site leasing office, a laundry facility, a dedicated mail room, 10 detached garages, and four storage lockers. The property is located at 1955 First Ave N in Windom, MN, and includes an existing property tax abatement that is intended to support cash flow for a long-term ownership plan.
Additional on-site features support day-to-day operations and resident convenience, including an on-site leasing office, a laundry facility, a dedicated mail room, 10 detached garages, and four storage lockers. The property is located at 1955 First Ave N in Windom, MN, and includes an existing property tax abatement that is intended to support cash flow for a long-term ownership plan.
Key Highlights
- Converted motel into a 3‑building affordable apartment community with 37 apartment units
- Built in 2000 and extensively renovated in 2020, including updated kitchens, bathrooms, and vinyl plank flooring throughout
- On‑site amenities include leasing office, laundry facility, and dedicated mail room
Property Analytics
Property Profile
Current Use
Lease Details
37
Residential units
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 56101, MN
6,008
Population
2,811
Households
2.1
Avg Household Size
42
Median Age
24%
College-Educated
93%
High-School Grad
172.3 sq mi
ZIP Area
35
Density / Sq Mi
$71,354
Median Household Income
$39,784
Median Earnings
$777
Median Rent
$171,900
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 - Three-building affordable apartment community with 37 units, renovated in 2020, plus garages, lockers, and on-site leasing.
Where is this apartment building located?
The property is located at 1955 FIRST AVE N Windom, MN.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Converted motel into a 3‑building affordable apartment community with 37 apartment units; Built in 2000 and extensively renovated in 2020, including updated kitchens, bathrooms, and vinyl plank flooring throughout; On‑site amenities include leasing office, laundry facility, and dedicated mail room
