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Four-Unit Apartment Quadplex
For Sale
$300,000

305 N Van Buren Ave, Springfield, MN 56087

Fully occupied residential income property with mixed unit layouts, detached garages, and coin-operated laundry.

Property Size2,400 SF
Price / SF$125
Days on Market10

Property Features for 305 N Van Buren Ave

General Information

Standard status Active
Size 2,400 SF
Total Parking Spaces 4
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 1BR, 2 x 2BR
Multifamily Units 4

Amenities

coin-operated laundry

Building Details

Year Built 1970
Buildings 1
Listing Agency: Kemp Real Estate
Listed By: Brett Bartholomaus
Source: Searchhousesnow
Added: Aug 22 Changed: Aug 30 Last Checked: Aug 30 at 7:16PM

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 Kemp Real Estate

Investment Insights

Based on property information with market context.

Located at 305 N Van Buren Ave in Springfield, Minnesota, this 2,400-square-foot apartment property contains four units: two one-bedroom apartments and two two-bedroom apartments. Built in 1970, the building is currently fully occupied and includes coin-operated laundry for residents.

The property sits on a corner lot with off-street parking and four detached garage stalls. Its combination of occupied apartments, varied unit sizes, garage capacity, and on-site laundry provides an established residential income configuration. Garage and rental-space arrangements may be reviewed for separate allocation or leasing, subject to applicable requirements.

Key Highlights

  • Four apartment units: two one‑bedroom and two two‑bedroom apartments
  • All four units are currently occupied
  • 2,400 square feet; built in 1970

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm (Bike/Boat/Book/etc) Store Pharmacy

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

239
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

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?
Quadplex - Fully occupied residential income property with mixed unit layouts, detached garages, and coin-operated laundry.
Where is this quadplex located?
The property is located at 305 N Van Buren Ave Springfield, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four apartment units: two one‑bedroom and two two‑bedroom apartments; All four units are currently occupied; 2,400 square feet; built in 1970
More about this property
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