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8-Unit Apartment Property
For Sale
$287,500

601 & 603 Main St, Oklee, MN 56742

Eight one-bedroom residences are arranged in two buildings with exterior updates completed in 2015.

Property Size2,928 SF
Price / SF$98.19
Days on Market33

Property Features for 601 & 603 Main St

General Information

Standard status Active
Size 2,928 SF

Units

Unit Mix 8 x 1BR
Multifamily Units 8

Building Details

Year Built 1977
Buildings 2
Listing Agency: Nordin Realty Inc.
Listed By: Kate Anderson
Source: Homesminn
Added: Jul 31 Changed: Aug 28 Last Checked: Aug 30 at 8:40PM

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 Nordin Realty Inc.

Investment Insights

Based on property information with market context.

This multifamily property includes two separate apartment buildings with four one-bedroom residences in each, for a total of eight units. The buildings provide 2,928 square feet of apartment space and were constructed in 1977. Exterior improvements completed in 2015 included new siding, windows, and shingles.

Located at 601 & 603 Main St in Oklee, Minnesota, the property combines a compact unit configuration with updated exterior components. The one-bedroom layout is consistent across all residences, creating a straightforward building arrangement for ongoing management and leasing.

Key Highlights

  • Eight total one‑bedroom units across two buildings
  • 2,928 square feet of apartment space
  • Exterior siding, windows, and shingles updated in 2015

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Building Supply Butcher Big Box & Wholesale Store Cafe & Coffee Shop Computer & Electronic Repair

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

66
Businesses Nearby

Demographics for 56742, MN

834
Population
376
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
96%
High-School Grad
109.6 sq mi
ZIP Area
8
Density / Sq Mi
$84,250
Median Household Income
$48,824
Median Earnings
$717
Median Rent
$121,600
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?
Apartment building - Eight one-bedroom residences are arranged in two buildings with exterior updates completed in 2015.
Where is this apartment building located?
The property is located at 601 & 603 Main St Oklee, MN.
What is the asking price?
The asking price for this property is $287,500.
What are key features of this property?
This property features: Eight total one‑bedroom units across two buildings; 2,928 square feet of apartment space; Exterior siding, windows, and shingles updated in 2015
More about this property
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