629 5th Avenue N, Saint Cloud, MN 56303
MULTI_FAMILY - Saint Cloud, MN
- Added:
- Feb 17, 2026
- Days on Market:
- 133
- Last Refresh:
- Jun 30 at 11:06 am
Property Features for 629 5th Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 3, Bedroom 5, Bathroom 2
- Parking features
- Covered, Parking Lot, Driveway
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 82482290000
- Size
- 1,875 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3410
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1950
- Building materials
- Block
- Roof type
- Flat, Tar/Gravel
Listing agent Mark Hoffmann License #MN40676369 (320) 252-4908
Listing office Century 21 First Realty, Inc. 24 Division St, Waite Park, MN (320) 252-4908
Listing date Feb 17, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick triplex overlooking the Mississippi River
- 3 apartments: upper unit has 1 bedroom plus office; middle and lower units each have 2 bedrooms
- Each apartment is separately metered; long‑term tenants
- New electrical panel installed in 2024 with four 100‑amp panels: three for apartments and one for common space
- Forced‑air heating; flat roof with tar/gravel roofing
- Parking includes a driveway, covered parking, and a parking lot
Overview
The property is located in Saint Cloud, Minnesota, at 629 5th Avenue N, and is described as being close to the hospital. The river-facing setting is a defining physical characteristic of the building.
For investors or owner-operators seeking a small multifamily property, this setup provides three distinct rental units with separate metering. The current tenants are noted as long term, and the reported rents are under current market value. With the electrical infrastructure updated through the addition of dedicated panels for apartment and common spaces, the building may appeal to buyers looking to reduce near-term electrical concerns while maintaining a straightforward three-unit structure.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $22.20 |
| − Vacancy | −$2.5k | −$1.33 |
| EGI | $39.1k | $20.87 |
| − OpEx | −$11.7k | −$6.26 |
| NOI | $27.4k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Cloud
- County
- Sherburne
- State
- Minnesota
- Longitude
- -94.164135
- Latitude
- 45.567581
