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4-Unit Quadplex
For Sale
$449,900

23941 County Road 123, Osage, MN 56570

Commercial Sale, Osage, MN

Property SizeContact for details
Lot Size4.00 Acres
Days on Market420

Property Features for 23941 County Road 123

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Residential-Multi-Family
Appliances Range, Refrigerator
High school district Park Rapids
Directions From Highways 34/71, head West on Highway 34 to County 123. Then head South on County 123 to the property on the left.
Standard status Active
APN 210271000
Lot size 4.00 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1534

Utilities

Heating system Forced Air
Cooling system Ductless

Amenities

coin-operated washer/dryer

Building Details

Year built 1984
Listing Agency: Wolff & Simon Real Estate
Listed By: Brian Halik · License #40527985
Added: Aug 18, 2025 Changed: Oct 8 Last Checked: Oct 11 at 4:06PM
MLS# 6774450

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.

Investment Insights

Based on property information with market context.

Built in 1984, this four-unit property includes three 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Each residence has its own utilities. The units have been updated, and a shared common area provides coin-operated laundry. Heating is forced air, cooling is ductless, and the property includes a range and refrigerator in each unit.

Key Highlights

  • Four apartments: three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Each residence has its own utilities
  • Shared common area with coin‑operated washer and dryer

Property Analytics

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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

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby

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
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?
Quadplex - Three two-bedroom residences and one one-bedroom unit offer a varied apartment mix.
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 apartments: three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Each residence has its own utilities; Shared common area with coin‑operated washer and dryer
More about this property
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