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Six-Unit Apartment Building
New
For Sale
$399,900

805 S Cedar Avenue, Owatonna, MN 55060

Recent interior and building-system work includes bathroom renovations and a newer boiler.

Property SizeContact for details
Days on Market5

Property Features for 805 S Cedar Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning Residential-Multi-Family

Additional Details

Multifamily Units 6
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $5,474

Building Details

Year Built 1896
Units 6
Listing Agency: RE/MAX Advantage Plus
Listed By: Michelle Moen
Source: Getyoumoved
Added: Oct 22 Changed: Oct 26 Last Checked: Oct 26 at 4:12AM

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 RE/MAX Advantage Plus

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Investment Insights

Based on property information with market context.

This six-unit apartment property in Owatonna was built in 1896 and is zoned Residential-Multi-Family. Five units are occupied. Improvements include new flooring in many units, fresh interior paint, updated bathrooms throughout, and a newer boiler system.

Tenants pay their own electricity, while the landlord covers gas, water, and sewer service.

Key Highlights

  • Six residential units; five are currently occupied
  • Bathrooms have been updated throughout the building
  • New flooring in many apartments and fresh interior paint

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

544
Businesses Nearby

Demographics for 55060, MN

29,693
Population
12,631
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
203.4 sq mi
ZIP Area
146
Density / Sq Mi
$83,848
Median Household Income
$49,325
Median Earnings
$1,018
Median Rent
$239,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Recent interior and building-system work includes bathroom renovations and a newer boiler.
Where is this apartment building located?
The property is located at 805 S Cedar Avenue Owatonna, MN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Six residential units; five are currently occupied; Bathrooms have been updated throughout the building; New flooring in many apartments and fresh interior paint
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