Roseau Multifamily Investment
For Sale
$505,000
506 3rd Avenue Northeast, Roseau, MN 56751
12-unit apartment building in Roseau, strong rental history.
Property Size9,180 SF
Price / SF$55.01
Days on Market159
Property Features for 506 3rd Avenue Northeast
General Information
Standard status
Active
Size
9,180 SF
Property subtype
Multifamily
Net Operating Income
$33,815
Building Details
Building Size
9,180 SF
Year Built
1967
Listing Agency:
Square Foot Commercial - Crary Real Estate
(218) 791-5184
Listed By:
Ryan Bohn · License #ND #7070
Source:
Squarefootcommercial
Added: Mar 6
Changed: Aug 10
Last Checked: Aug 12 at 4:43AM
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 Square Foot Commercial - Crary Real Estate
Investment Insights
Based on property information with market context.
This 9,180 square foot, 12-unit apartment building features brick construction, on-site laundry facilities, and surface parking. The low-rise/garden-style property contains a mix of five 2-bedroom units and seven 1-bedroom units. Located on the north side of Roseau, it is situated three blocks from Highway 11, offering a prime location. The building utilizes boiler heat, which is paid by the landlord. Current rents range from $510 to $600, with tenants responsible for their electric bills. The property presents a multifamily investment opportunity with a strong rental history. There is potential to increase overall performance by implementing a Ratio Utility Billing System (RUBS) program to offset some of the heat expense.
Key Highlights
- Multifamily investment opportunity in Roseau
- 12‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units
- Prime location on the North side of Roseau, near HWY 11
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 56751, MN
5,648
Population
2,657
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
472.5 sq mi
ZIP Area
12
Density / Sq Mi
$77,336
Median Household Income
$47,663
Median Earnings
$1,039
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit apartment building in Roseau, strong rental history.
Where is this apartment building located?
The property is located at 506 3rd Avenue Northeast Roseau, MN.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Multifamily investment opportunity in Roseau; 12‑unit apartment building with a mix of 2‑bedroom and 1‑bedroom units; Prime location on the North side of Roseau, near HWY 11
