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    Pipestone, MN Multifamily Properties for Sale

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    Ihlen, MN Edgerton, MN Jasper, MN
    Pipestone Estates Value-Add Opportunity
    $800,000
    Pipestone Estates Value-Add Opportunity

    904 Industrial Rd, Pipestone, MN 56164

    41-site manufactured housing community with value-add potential.
    • Value‑add opportunity through lease‑up of 10 vacant sites and rent growth.
    • Significant projected increase in Net Operating Income (NOI) from approximately $26,000 to $106,940 by Year 3.
    • High potential return with a projected 13.37% cap rate and 10.02% cash‑on‑cash return by Year 3.
    • Straightforward operating structure with utilities billed back to tenants.
    • In‑place revenue of approximately $139,000 with current average lot rent of $505 per month.
    Updated: Jan 29
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    Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 1 Active listings in Pipestone, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Garretson Mixed-Use Investment Property
    $120,000
    1,414 SF
    Garretson Mixed-Use Investment Property

    Mixed-use property with commercial and residential units, generating cash flow.

    524 N Main Ave, Garretson, SD 57030

    View details
    Luverne Multifamily Investment Opportunity
    $1,750,000
    2.22 Acres
    Luverne Multifamily Investment Opportunity

    32-unit complex in Luverne, near amenities and recreation.

    109 E Luverne Street, Luverne, MN 56156

    View details
    Historic Mixed-Use Building For Sale
    $429,000
    4,800 SF
    Historic Mixed-Use Building For Sale

    Mixed-use building with apartments and commercial space in Garretson, SD.

    529 North Main Avenue, Garretson, SD 57030

    View details
    City Centre Condominium Complex
    $1,750,000
    75,000 SF
    City Centre Condominium Complex

    32-unit complex in Luverne, featuring a full gymnasium.

    109 E Luverne Street Units 101-336, Luverne, MN 56156

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres
    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131

    View details
    Lake Thompson Waterfront Recreational Lot
    $193,800
    0.46 Acres
    Lake Thompson Waterfront Recreational Lot

    0.46 acre lot with 75 feet of lake frontage.

    21425 Sunset Trail, Lake Preston, SD 57249

    View details
    Alexandria Lakeshore Property with Rental Opportunity
    $798,500
    15.62 Acres
    Alexandria Lakeshore Property with Rental Opportunity

    Lakeshore property with rental cabins and RV sites near Alexandria.

    5950 County Road 8 NW, Alexandria, MN 56308

    View details
    Land for Multi-Family Housing
    $249,900
    2.16 Acres
    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308

    View details

    Off-Market Properties in Pipestone, MN

    Consider similar Off-Market properties in Pipestone, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    218 5th SW St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    218 5th SW St, Pipestone, MN 56164

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    405 6th NW Ave
    APARTMENT HOUSE (5+ UNITS)
    Estimated value
    $975,000

    405 6th NW Ave, Pipestone, MN 56164-1988

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    114 Main St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    114 Main St, Pipestone, MN 56164-1932

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    304 2nd NW St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    304 2nd NW St, Pipestone, MN 56164-1655

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    314 Main St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    314 Main St, Pipestone, MN 56164-1945

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    611 3rd SW Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    611 3rd SW Ave, Pipestone, MN 56164-1552

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    201 Hiawatha Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    201 Hiawatha Ave, Pipestone, MN 56164-1682

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    605 Main St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    605 Main St, Pipestone, MN 56164-1252

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    904 Industrial Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 13.78 Acres

    904 Industrial Rd, Pipestone, MN 56164-2301

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    1101 Hiawatha Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 7.49 Acres

    1101 Hiawatha Ave, Pipestone, MN 56164-2308

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    212 8th SW Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    212 8th SW Ave, Pipestone, MN 56164-1267

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    418 7th SW St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    418 7th SW St, Pipestone, MN 56164-1564

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    302 7th SE Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    302 7th SE Ave, Pipestone, MN 56164-2061

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    517 4th SW Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    517 4th SW Ave, Pipestone, MN 56164-1563

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    320 4th SW Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    320 4th SW Ave, Pipestone, MN 56164-1794

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    416 3rd SW Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    416 3rd SW Ave, Pipestone, MN 56164-1870

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    920 2nd NW St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    920 2nd NW St, Pipestone, MN 56164-1200

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    201 2nd SE St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    201 2nd SE St, Pipestone, MN 56164-1942

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    929 2nd SW St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    929 2nd SW St, Pipestone, MN 56164-1864

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    503 2nd SW Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    503 2nd SW Ave, Pipestone, MN 56164-1872

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    412 13th SW St
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    412 13th SW St, Pipestone, MN 56164-1450

    View details

    Pipestone, MN Multifamily Properties Market Trends and Statistics

    Explore 22 multifamily properties for sale in Pipestone, MN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $800,000.

    Sale prices for multifamily properties in Pipestone, MN start at $800,000, averaging $800,000, and reaching up to $800,000 — 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

    Mobile home & RV parks 1

    Demographics Overview

    Population 5,573
    Population Growth (5Y) +4.7%
    Median Household Income $71,550
    College Educated 29.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    56164 $800K

    Taxes & Financing

    Tax Rate (average for all types) 1.99%
    Tax Rate vs County Average 0.08 pp above county avg
    Average Loan-to-Value 65.0%

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