Updated Four-Unit
For Sale
$329,900
605 Main St, Tower, MN 55790
Historic building with four two-bedroom, one-bath residences and separately metered electricity for each unit.
Property Size4,464 SF
Price / SF$73.90
Days on Market152
Property Features for 605 Main St
General Information
Standard status
Active
Size
4,464 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$758
Listing Agency:
Anchor Realty
(763) 257-5080
Listed By:
Chessica L Olson
(763) 257-5080
Source:
Exprealty
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 31 at 7:19PM
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 Anchor Realty
Investment Insights
Based on property information with market context.
This historic quadplex contains four two-bedroom, one-bath residences, creating a consistent unit layout across the building. Each apartment has its own electric meter, and all four units are occupied under flexible month-to-month leases. Updates have been completed throughout while retaining the property’s historic character.
The property is located in Tower, Minnesota, one block from Lake Vermilion. Boating, fishing, snowmobile trails, and ATV trails are accessible from the surrounding area. A neighboring commercial lot is also available for purchase separately or together with the quadplex.
The property is located in Tower, Minnesota, one block from Lake Vermilion. Boating, fishing, snowmobile trails, and ATV trails are accessible from the surrounding area. A neighboring commercial lot is also available for purchase separately or together with the quadplex.
Key Highlights
- Four two‑bedroom, one‑bath units
- Separate electric meters for every unit
- All units currently rented on month‑to‑month leases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 55790, MN
1,876
Population
2,390
Households
0.8
Avg Household Size
57
Median Age
34%
College-Educated
97%
High-School Grad
143.6 sq mi
ZIP Area
13
Density / Sq Mi
$74,732
Median Household Income
$43,456
Median Earnings
$630
Median Rent
$297,900
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?
Quadplex - Historic building with four two-bedroom, one-bath residences and separately metered electricity for each unit.
Where is this quadplex located?
The property is located at 605 Main St Tower, MN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units; Separate electric meters for every unit; All units currently rented on month‑to‑month leases
