Building Details

Year Built 1918

Buildings 1

Listing Agency: Keller Williams Classic Rlty NW m***@kw.com Show Phone

Listed By: Michael Moe

Source: Homesminn

Added: Jul 29 Changed: Aug 29 Last Checked: Aug 30 at 8:24PM

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Investment Insights

Based on property information with market context.

This triplex in Motley, Minnesota, contains 1,674 square feet across three residential units. The configuration includes two one-bedroom apartments and one four-bedroom apartment, providing a varied unit mix within the property. A recently installed roof is a notable capital improvement, while separate gas and electric meters serve the units with utility costs assigned to the tenants.

The property was built in 1918 and includes two garage units associated with the apartments, plus additional garage and storage areas. Three of the additional storage units are leased, while one remains vacant. The combination of three apartments, garage space, and storage components creates a compact residential property with multiple income-producing elements.

Key Highlights

• Three‑unit triplex totaling 1,674 square feet
• Unit mix includes two 1‑bedroom apartments and one 4‑bedroom apartment
• Brand‑new roof

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Real Estate Agency Furniture & Home Goods Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher

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

3

Residential units

100%

Occupancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

127

Businesses Nearby

Explore this area Business Placement

Demographics for 56466, MN

3,157

Population

2,093

Households

1.5

Avg Household Size

47

Median Age

17%

College-Educated

93%

High-School Grad

193.1 sq mi

ZIP Area

16

Density / Sq Mi

$59,046

Median Household Income

$38,581

Median Earnings

$711

Median Rent

$217,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit residential income property with separately metered utilities, a new roof, garages, and storage space.

Where is this triplex located?

The property is located at 297 Us 10 Motley, MN.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Three‑unit triplex totaling 1,674 square feet; Unit mix includes two 1‑bedroom apartments and one 4‑bedroom apartment; Brand‑new roof