Six-Unit Apartment
For Sale
$399,900
805 S Cedar Avenue, Owatonna, MN 55060
Commercial Sale, Owatonna, MN
Property SizeContact for details
Lot Size0.30 Acres
Days on Market49
Property Features for 805 S Cedar Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 9, Bathroom 3, Bedroom 2, Bedroom 1
Parking features
Garage - Detached
Subdivision
Phelps Add
High school district
Owatonna
Directions
From 35 exit Bridge St and go East. Take a right onto S Cedar Ave.
Standard status
Active
APN
171010802
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5474
Utilities
Heating system
Forced Air
Building Details
Year built
1896
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(952) 226-7700
Listed By:
Michelle Moen
(612) 708-2789
Added: Aug 10
Changed: Sep 24
Last Checked: Sep 27 at 2:06PM
MLS# 7106242
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.
Investment Insights
Based on property information with market context.
This six-unit apartment building in Owatonna occupies a 0.301-acre parcel and dates to 1896. Recent work includes new flooring in many units, fresh interior paint, updated bathrooms, and a newer boiler system. Forced-air heating and a detached garage are also included.
Five of the six residential units are occupied, with efforts underway to fill the remaining unit. Tenants pay electricity, while ownership covers gas and water/sewer expenses. Showings require 24-hour notice.
Five of the six residential units are occupied, with efforts underway to fill the remaining unit. Tenants pay electricity, while ownership covers gas and water/sewer expenses. Showings require 24-hour notice.
Key Highlights
- Six residential units with 5 currently occupied
- 0.301‑acre parcel in Owatonna
- Recent flooring, interior paint, and bathroom updates
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors, a newer boiler, and a detached garage support this residential income property.
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 with 5 currently occupied; 0.301‑acre parcel in Owatonna; Recent flooring, interior paint, and bathroom updates
