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4-Unit Multifamily Property

502 Vine Avenue W, Montgomery, MN 56069

For Sale
$359,900

Four apartments offer separate gas and electric metering, in-unit laundry, and a mix of one- and two-bedroom layouts.

Property Size3,412 SF
Price / SF$105.48
Days on Market13

Property Features for 502 Vine Avenue W

General Information

Standard status Active
Size 3,412 SF
Total Parking Spaces 2
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 4
Individually Metered Utilities gas, electricity

Additional Details

Utilities to Site Yes

Amenities

laundry machines in every unit
patio
deck

Building Details

Year Built 1969
Listing Agency: Exp Realty
Listed By: Eric Eickhof
Source: Fultonrealty
Added: Oct 28 Changed: Nov 8 Last Checked: Nov 8 at 6:25AM

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 Exp Realty

Rey
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Investment Insights

Based on property information with market context.

This 3,412-square-foot multifamily property contains four apartments: two with two bedrooms and one bathroom, and two with one bedroom and one bathroom. Each unit has laundry machines. The building dates to 1969, with the roof, siding, and windows described as being in good shape.

The property includes two gas meters, four electric meters, a concrete driveway, and a two-car garage. Outdoor features include a patio, a deck, and a large lot.

Key Highlights

  • Four apartments: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
  • 3,412 square feet; built in 1969
  • Laundry machines in every apartment

Property Analytics

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Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

225
Businesses Nearby

Demographics for 56069, MN

4,837
Population
2,150
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
96%
High-School Grad
71.2 sq mi
ZIP Area
68
Density / Sq Mi
$81,919
Median Household Income
$48,750
Median Earnings
$893
Median Rent
$254,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four apartments offer separate gas and electric metering, in-unit laundry, and a mix of one- and two-bedroom layouts.
Where is this quadplex located?
The property is located at 502 Vine Avenue W Montgomery, MN.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; 3,412 square feet; built in 1969; Laundry machines in every apartment
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