Multifamily

Blue Earth, MN Multifamily Properties for Sale

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Winnebago, MN Delavan, MN Easton, MN Rake, IA Fairmont, MN Minnesota Lake, MN Amboy, MN Lakota, IA
11-Unit Apartment Building
Updated: Feb 2
11-Unit Apartment Building

905 E 5th Street, Blue Earth, MN 56013

$419,900
0.60 AC lot
11 apartments: two studios, three one‑bedroom, five two‑bedroom, and one three‑bedroom unit
Reported 9.1% cap rate, 5.4 GRM, and 1.25 DSCR
0.6‑acre parcel with a parking lot
Ten apartments have central air; each has a dedicated furnace and individual gas and electric metering
Seller‑owned coin‑operated washer and dryer included; laundry room accommodates two washers and two dryers
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Blue Earth, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Triplex with Updated Units
Triplex with Updated Units

407 E 6th Street, Fairmont, MN 56031

$174,900
1,680 sqft 0.09 AC lot

Three similarly sized rentals have sub-metered utilities for separate tracking of usage and expenses.

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Triplex with Detached Double Garage
Triplex with Detached Double Garage

403 S 4Th Avenue E, Lake Mills, IA 50450

$109,900
1,811 sqft 0.48 AC lot

Occupied triplex with varied apartment layouts, outdoor space, and a recently installed boiler.

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City Side Estates Apartments
City Side Estates Apartments

600 Burton Lane, Fairmont, MN 56031

Contact for pricing
36,840 sqft

36-unit apartment complex in Fairmont, MN, with 19 garages.

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8-Unit Apartment Building
8-Unit Apartment Building

207 S Lake Street, Lake Mills, IA 50450

$150,000
0.20 AC lot

The property offers a mix of one- and two-bedroom apartment layouts, with several units featuring newer flooring and paint.

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Blue Earth, MN Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Blue Earth, MN on our real estate platform.

Sale prices for multifamily properties in Blue Earth, MN average $419,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 1

Demographics Overview

Population 4,534
Population Growth (5Y) +6.0%
Median Household Income $64,360
College Educated 33.5%

High-Yield Neighborhoods for Investment

Identify Blue Earth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
56013 $419.9K

Taxes & Financing

Tax Rate (average for all types) 2.96%
Property Tax per SF $23.96 per SF
Average Loan-to-Value 65.0%

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