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16-Unit Apartment Building
New
For Sale
$999,000

314 County Road 8, Rockville, MN 56369

Commercial Sale, Rockville, MN

Property SizeContact for details
Lot Size1.30 Acres
Days on Market7

Property Features for 314 County Road 8

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial, Residential-Multi-Family
Parking features Assigned, Driveway, Garage - Detached, Garage
Lot features Corner Lot, Tree Coverage - Light
High school district Rocori
Directions From Hwy 23, head North of Co Rd 8, property on the left
Standard status Active
APN 76416330800
Lot size 1.30 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 13764

Utilities

Heating system Oil, Hot Water(Heating)
Cooling system Wall Unit(s)

Amenities

coin-operated laundry

Building Details

Year built 1969
Roof type Shingle
Listing Agency: Central MN Realty LLC
Listed By: Matthew A. Imdieke · License #40385388
Added: Sep 29 Changed: Oct 3 Last Checked: Oct 5 at 10:06AM
MLS# 7152572

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.

The property comprises two brick apartment buildings with 16 residences: 12 two-bedroom units and four one-bedroom units. Recent work includes architectural-shingle roofing, vinyl windows, and updates to many apartments, including kitchens, bathrooms, flooring, paint, and appliances. Coin-operated laundry equipment serves the property, which also has six garage stalls and a paved parking area. The site encompasses 1.3 acres.

The property sits at the edge of town, with a park across the street and farm fields nearby. Cold Spring, I-94, and the St. Cloud metro are described as minutes away.

Key Highlights

  • 16 apartments: 12 two‑bedroom units and 4 one‑bedroom units
  • 100% occupied
  • Two brick buildings on a 1.3‑acre site

Property Analytics

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Current Use

Apartment buildings

Lease Details

16
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

54
Businesses Nearby

Demographics for 56369, MN

545
Population
225
Households
2.4
Avg Household Size
36
Median Age
17%
College-Educated
87%
High-School Grad
0.6 sq mi
ZIP Area
908
Density / Sq Mi
$84,464
Median Household Income
$54,107
Median Earnings
$896
Median Rent
$223,200
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Two brick buildings offer a mix of one- and two-bedroom apartments, with laundry facilities and garage parking.
Where is this apartment building located?
The property is located at 314 County Road 8 Rockville, MN.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 16 apartments: 12 two‑bedroom units and 4 one‑bedroom units; 100% occupied; Two brick buildings on a 1.3‑acre site
More about this property
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