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Updated Triplex with Deck
New
For Sale
$334,900

706 N 8th Street, St Peter, MN 56082

MULTI-FAMILY, Triplex, St. Peter, MN

Property SizeContact for details
Lot Size0.20 Acres
Days on Market2

Property Features for 706 N 8th Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2
Patio and Porch features Deck
Exterior features Deck
Basement Block, Sump Pump, Partially Finished
Lot features Landscaped, Paved Streets
Elementary school district St. Peter #508
Middle school district St. Peter #508
High school district St. Peter #508
Directions Hwy 169 to Broadway to N 8th St.
Subdivision ST. PETER/KASOTA/CLEVELAND
Standard status Active
APN 19.791.1120
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Block 45 Lot N 40' LOT 8 & S 30' LOT 9 SubdivisionCd 19791 SubdivisionName SKARO & EVENSON'S ADD
Tax Annual Amount 4938
Legal Description Block 45 Lot N 40' LOT 8 & S 30' LOT 9 SubdivisionCd 19791 SubdivisionName SKARO & EVENSON'S ADD

Utilities

Heating system Forced Air

Amenities

hardwood floors
central air
private unfinished basement with washer/dryer
shared deck
wall a/c

Building Details

Year built 1958
Floors in Building 1
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: CENTURY 21 ATWOOD · Century 21 Real Estate
Listed By: ELLEN GRUHOT
Added: Sep 4 Changed: Sep 5 Last Checked: Sep 5 at 4:06AM
MLS# 267041394

Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1958 triplex includes two upper apartments with two bedrooms and one bathroom each, plus a lower-level one-bedroom, one-bath unit. The upper units feature hardwood floors, central air, two entrances, private unfinished basements with laundry and storage, and access to a shared deck. The lower apartment has a wall air-conditioning unit and a long-term tenant.

Recent property improvements include a new roof and gutters installed in 2026, window replacement in 2021, and central air units updated in 2022 and 2024. Separate gas and electric meters serve the units, with circuit breakers upgraded in 2020. The property also has three water heaters, three furnaces, forced-air heating, and leases in place. It is located near North Elementary in St. Peter, Minnesota.

Key Highlights

  • Three‑unit layout with two 2‑bedroom upper apartments and one 1‑bedroom lower apartment
  • New roof and gutters installed in 2026
  • Windows replaced in 2021; central air units updated in 2022 and 2024

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Pharmacy (Bike/Boat/Book/etc) Store Computer & Electronic Repair Storage Facility Nail Salon

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

183
Businesses Nearby

Demographics for 56082, MN

14,507
Population
5,149
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
117
Density / Sq Mi
$72,332
Median Household Income
$30,904
Median Earnings
$952
Median Rent
$263,500
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?
Triplex - Three-unit property with separate gas and electric meters, private basement storage, and in-place tenancy.
Where is this triplex located?
The property is located at 706 N 8th Street St Peter, MN.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Three‑unit layout with two 2‑bedroom upper apartments and one 1‑bedroom lower apartment; New roof and gutters installed in 2026; Windows replaced in 2021; central air units updated in 2022 and 2024
More about this property
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