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4-Unit Apartment Building with Garages

202 N Cass Avenue, Springfield, MN 56087

For Sale
$234,900

Residential Income, Springfield, MN

Property Size4,900 SF
Lot Size0.34 Acres
Price / SF$47.94
Days on Market110

Property Features for 202 N Cass Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning description Residential-Multi-Family
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 6, Bedroom 7, Laundry Room, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Basement, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 8
Parking features Parking Lot, Garage, Garage - Detached
Subdivision Van Dusen Add
Lot features Tree Coverage - Medium
High school district Springfield
Directions Coming from Rock Street, turning right onto Cass Avenue. Continue straight for 2 blocks property will be on the corner to your right.
Standard status Active
APN 00331000905050
Size 4,900 SF
Lot size 0.34 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2684

Utilities

Heating system Forced Air

Building Details

Year built 1940
Building materials Brick
Roof type Flat, Rubber
Listing Agency: Kerkhoff Auction & Real Estate
Listed By: Samantha Pendleton
Added: Jul 24 Changed: Nov 2 Last Checked: Nov 10 at 7:06AM
MLS# 7115515

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 4-unit apartment property contains 4,900 square feet on a 0.344-acre corner lot. Built in 1940, the brick building has forced-air heating, a flat rubber roof, and newer roof and furnaces. Parking includes detached garages and a parking lot.

At 202 N Cass Avenue in Springfield, the property is fully leased, with a waiting list for units. The combination of four apartments and garage parking defines the property’s existing configuration.

Key Highlights

  • Four‑unit apartment property with all units leased and a waiting list
  • 4,900 square feet on a 0.344‑acre corner lot
  • Detached garages and parking lot

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby

Demographics for 56087, MN

3,026
Population
1,442
Households
2.1
Avg Household Size
46
Median Age
24%
College-Educated
92%
High-School Grad
146.1 sq mi
ZIP Area
21
Density / Sq Mi
$64,566
Median Household Income
$45,417
Median Earnings
$777
Median Rent
$139,900
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

Frequently Asked Questions

What type of property is this?
Quadplex - All four residences are leased, with a waiting list in place.
Where is this quadplex located?
The property is located at 202 N Cass Avenue Springfield, MN.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Four‑unit apartment property with all units leased and a waiting list; 4,900 square feet on a 0.344‑acre corner lot; Detached garages and parking lot
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