11-Unit Apartment
For Sale
$419,900
Pending
905 E 5th Street, Blue Earth, MN 56013
Commercial Sale, Blue Earth, MN
Property SizeContact for details
Lot Size0.60 Acres
Days on Market203
Property Features for 905 E 5th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential-Multi-Family
Rooms
Basement
Parking features
Parking Lot
Exterior features
Brick/Stone, Vinyl
Subdivision
Blue Earth
High school district
Blue Earth Area Schools
Directions
Hwy. 169 is also N. Grove St. going through town. Take Hwy. #169 or N. Grove St. to the corner of E. Fifth St.
Standard status
Pending
APN
212005860
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4410
Utilities
Heating system
Forced Air
Amenities
coin operated washer and dryer
central air
Building Details
Year built
1955
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 431-2400
Listed By:
Kevin Goettl · License #MN 95340
(952) 829-2900
Added: Feb 2
Changed: Aug 24
Last Checked: Aug 24 at 10:06PM
MLS# 7015348
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 11-unit apartment property includes two studio units, three one-bedroom units, five two-bedroom units, and one three-bedroom unit. The building was constructed in 1955 and converted from a motel to apartments in the early 2000s. Improvements include a metal roof, vinyl siding, forced-air heating, and a parking lot. Ten units have central air conditioning.
Individual metering places natural gas and electric service with each resident, while ownership covers water and sewer, hot water, garbage, common-area utilities, water softener service, and salt delivery. Each apartment has its own electric breaker panel and dedicated furnace. The property also includes an on-site laundry room with seller-owned coin-operated equipment, configured for two washers and two dryers. Located in Blue Earth, Minnesota, the 0.6-acre property is within an Opportunity Zone.
Individual metering places natural gas and electric service with each resident, while ownership covers water and sewer, hot water, garbage, common-area utilities, water softener service, and salt delivery. Each apartment has its own electric breaker panel and dedicated furnace. The property also includes an on-site laundry room with seller-owned coin-operated equipment, configured for two washers and two dryers. Located in Blue Earth, Minnesota, the 0.6-acre property is within an Opportunity Zone.
Key Highlights
- 11 units: two studios, three one‑bedroom, five two‑bedroom, and one three‑bedroom apartments
- 9.1 cap rate, 5.4 GRM, 10% first‑year cash‑on‑cash, 1.25 DSCR, and 51% operating expense ratio
- 0.6‑acre apartment property in an Opportunity Zone
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 56013, MN
4,298
Population
2,110
Households
2
Avg Household Size
47
Median Age
27%
College-Educated
93%
High-School Grad
169.2 sq mi
ZIP Area
25
Density / Sq Mi
$64,360
Median Household Income
$37,201
Median Earnings
$926
Median Rent
$160,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes studios and one-, two-, and three-bedroom apartments with resident and guest parking.
Where is this apartment building located?
The property is located at 905 E 5th Street Blue Earth, MN.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 11 units: two studios, three one‑bedroom, five two‑bedroom, and one three‑bedroom apartments; 9.1 cap rate, 5.4 GRM, 10% first‑year cash‑on‑cash, 1.25 DSCR, and 51% operating expense ratio; 0.6‑acre apartment property in an Opportunity Zone
