Building Details

Year Built 1968

Buildings 1

Listing Agency: Executive Realty Of St. Cloud

Listed By: Jay Hancock Real Estate Show Phone

Source: Jayhancockrealestate

Added: Sep 12 Changed: Sep 14 Last Checked: Sep 14 at 8:53AM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property at 611 2nd Avenue in Goodhue, Minnesota, contains 3,298 square feet and was built in 1968. All four units are currently occupied, providing an established rental setup for a new owner.

Recent capital work includes five replacement windows completed in 2022 and installation of a new boiler in 2025. The combination of occupied units and documented building improvements gives the property a straightforward income-producing configuration.

Key Highlights

• Four rental units, all currently occupied
• 3,298‑square‑foot multifamily property
• Five replacement windows completed in 2022

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Auto Repair Shop Electrical Service Plumbing Service

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

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

Explore this area Business Placement

Demographics for 55027, MN

3,089

Population

1,028

Households

3

Avg Household Size

36

Median Age

22%

College-Educated

94%

High-School Grad

116.9 sq mi

ZIP Area

26

Density / Sq Mi

$92,857

Median Household Income

$49,948

Median Earnings

$941

Median Rent

$290,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Quadplex - Fully occupied rental property with a 2025 boiler and replacement windows completed in 2022.

Where is this quadplex located?

The property is located at 611 2nd Avenue Goodhue, MN.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Four rental units, all currently occupied; 3,298‑square‑foot multifamily property; Five replacement windows completed in 2022