Building Details

Year Built 1984

Units 4

Listing Agency: Wolff & Simon Real Estate h***@wolffsimon.com Show Phone

Listed By: Brian Halik · License #40527985 Show Phone

Source: Ivyrealestategroup

Added: Aug 18, 2025 Changed: Aug 30 Last Checked: Aug 30 at 5:31PM

Report an Issue

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 Wolff & Simon Real Estate

Investment Insights

Based on property information with market context.

This four-unit residential property was built in 1984 and includes a balanced unit mix of three two-bedroom, one-bath residences and one one-bedroom, one-bath residence. All units have been updated, and each residence is separately served by its own utilities. A shared common area provides coin-operated laundry equipment for resident use.

The property is zoned Residential-Multi-Family and is located near Straight Lake, downtown Osage, and Park Rapids. Its unit configuration and separately metered utilities provide a straightforward multifamily setup for continued residential rental use.

Key Highlights

• Four‑unit property built in 1984
• Unit mix includes three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
• All units have been updated

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom Tanning Salon Building Supply Real Estate Agency Wine and Liquor Store

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

4

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

32

Businesses Nearby

Explore this area Business Placement

Demographics for 56570, MN

1,177

Population

780

Households

1.5

Avg Household Size

51

Median Age

19%

College-Educated

96%

High-School Grad

97.7 sq mi

ZIP Area

12

Density / Sq Mi

$65,938

Median Household Income

$33,466

Median Earnings

$700

Median Rent

$273,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Auto Shop With Two Garage Stalls

55011 State Highway 34, Osage, MN 56570

$189,900

2,240 SF

View details

Updated Four-Unit Rental Property

23941 County Road 123, Osage, MN 56570

$449,900

4.00 Acres

View details

Corner Auto Shop Property

55011 State Highway 34, Osage, MN 56570

$189,900

1.82 Acres

View details

Frequently Asked Questions

What type of property is this?

Quadplex - Updated residential income property with dedicated utilities and shared coin-operated laundry.

Where is this quadplex located?

The property is located at 23941 County Road 123 Osage, MN.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: Four‑unit property built in 1984; Unit mix includes three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; All units have been updated