Multifamily

Mountain Lake, MN Multifamily Properties for Sale

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Two-Unit Duplex with Garage
Updated: Aug 3
Two-Unit Duplex with Garage

409/411 9th Street N, Mountain Lake, MN 56159

$189,900
2,184 sqft
Two 2‑bedroom units within a 2,184‑square‑foot duplex
Each unit includes a full bathroom, kitchen with dining area, and living room
Shared covered deck accessed through patio doors
Lower level includes an additional bathroom, storage, and multiple closets
Attached garage provides enclosed parking and storage
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1 active listing matches your search: Multifamily for sale in Mountain Lake, MN. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

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

4-Unit Apartment Building with Garages
4-Unit Apartment Building with Garages

202 N Cass Avenue, Springfield, MN 56087

$234,900
4,900 sqft 0.34 AC lot

All four residences are leased, with a waiting list in place.

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Triplex with Updated Units
Triplex with Updated Units

407 E 6th Street, Fairmont, MN 56031

$169,900
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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Four-Unit Apartment Quadplex
Four-Unit Apartment Quadplex

305 N Van Buren Ave, Springfield, MN 56087

$290,000
2,400 sqft

Fully occupied residential income property with mixed unit layouts, detached garages, and coin-operated laundry.

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Mixed-Use Downtown Building
Mixed-Use Downtown Building

40 Downtown Plaza, Fairmont, MN 56031

Contact for pricing
7,200 sqft

Two-story concrete and brick building with a main-level nail salon, warehouse/flex space, and second-floor apartments.

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Mountain Lake, MN Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Mountain Lake, MN on our real estate platform. These investment opportunities span a total of 2,184 square feet of properties for sale, with an estimated market value of $189,900.

Sale prices for multifamily properties in Mountain Lake, MN average $189,900 — 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

Duplexes 1

Demographics Overview

Population 2,520
Population Growth (5Y) -10.6%
Median Household Income $65,089
College Educated 28.2%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
56159 $189.9K

Taxes & Financing

Tax Rate (average for all types) 1.92%
Property Tax per SF $10.18 per SF
Tax Rate vs County Average 0.24 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cottonwood County

New Delisted

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