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Pipestone, MN

Multifamily

Pipestone, MN Multifamily Properties for Sale

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Edgerton, MN Jasper, MN Flandreau, SD Hardwick, MN Egan, SD Hadley, MN Garretson, SD Lake Benton, MN

Pipestone Estates Value-Add Opportunity

Updated: Jan 29

Pipestone Estates Value-Add Opportunity

904 Industrial Rd, Pipestone, MN 56164

Contact for pricing

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.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

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.

Duplex with Ground-Floor Hair Salon

Duplex with Ground-Floor Hair Salon

524 N Main Ave, Garretson, SD 57030

$113,999

1,414 sqft 0.08 AC lot

Duplex with a leased lower-level hair salon through 2029 and a fully remodeled upper 2 bed/1 bath unit on a new lease.

Historic School Condominium Complex

Historic School Condominium Complex

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

$1,750,000

75,000 sqft

Well-maintained 32-unit condominium complex in a repurposed historic school building with 1–3 bedroom units.

Remodeled Office Building with Two Apartments

Remodeled Office Building with Two Apartments

212 Main St, Luverne, MN 56156

$285,000

7,300 sqft 0.16 AC lot

Remodeled office building on a 0.155-acre lot with parking in the rear and two upper-level apartments.

Two Mobile Home Communities

Two Mobile Home Communities

210 DOWS ST, Garretson, SD 57030

Contact for pricing

1,350 sqft

Two mobile home communities totaling 64 units are served by public utilities, with 85.9% occupancy and mostly tenant-owned homes.

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.

Lakeshore Recreation Land Parcel

Lakeshore Recreation Land Parcel

Tripp, Fulda, MN 56131

$124,900

9.30 AC lot

Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

Waterfront Land with Boat Lift

Waterfront Land with Boat Lift

21425 Sunset Trail, Lake Preston, SD 57249

$193,800

0.46 AC lot

Lake Thompson lake lot with on-site utilities and a Hewitt boat lift for convenient seasonal boating and fishing.

Alexandria Lakeshore Property with Rental Opportunity

Alexandria Lakeshore Property with Rental Opportunity

5950 County Road 8 NW, Alexandria, MN 56308

$798,500

15.62 AC lot

Lakeshore property with rental cabins and RV sites near Alexandria.

Land for Multi-Family Housing

Land for Multi-Family Housing

1610 7th Avenue E, Alexandria, MN 56308

$249,900

2.16 AC lot

2.16 acre lot zoned for multi-family housing development.

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)

218 5th SW St, Pipestone, MN 56164

$180,000

Estimated value

405 6th NW Ave

APARTMENT HOUSE (5+ UNITS)

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

$915,000

Estimated value

114 Main St

APARTMENT HOUSE (5+ UNITS)

114 Main St, Pipestone, MN 56164-1932

$145,000

Estimated value

304 2nd NW St

APARTMENT HOUSE (5+ UNITS)

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

Value Estimation by Request

314 Main St

APARTMENT HOUSE (5+ UNITS)

314 Main St, Pipestone, MN 56164-1945

Value Estimation by Request

611 3rd SW Ave

APARTMENT HOUSE (5+ UNITS)

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

Value Estimation by Request

201 Hiawatha Ave

APARTMENT HOUSE (5+ UNITS)

201 Hiawatha Ave, Pipestone, MN 56164-1682

$215,000

Estimated value

605 Main St

APARTMENT HOUSE (5+ UNITS)

605 Main St, Pipestone, MN 56164-1252

$430,000

Estimated value

904 Industrial Rd

MOBILE HOME PARK, TRAILER PARK

904 Industrial Rd, Pipestone, MN 56164-2301

$280,000

Estimated value

13.78 AC lot

1101 Hiawatha Ave

APARTMENT HOUSE (5+ UNITS)

1101 Hiawatha Ave, Pipestone, MN 56164-2308

$330,000

Estimated value

7.49 AC lot

212 8th SW Ave

APARTMENT HOUSE (5+ UNITS)

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

$410,000

Estimated value

418 7th SW St

APARTMENT HOUSE (5+ UNITS)

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

$415,000

Estimated value

302 7th SE Ave

APARTMENT HOUSE (5+ UNITS)

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

Value Estimation by Request

517 4th SW Ave

APARTMENT HOUSE (5+ UNITS)

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

$480,000

Estimated value

320 4th SW Ave

APARTMENT HOUSE (5+ UNITS)

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

Value Estimation by Request

416 3rd SW Ave

APARTMENT HOUSE (5+ UNITS)

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

Value Estimation by Request

920 2nd NW St

APARTMENT HOUSE (5+ UNITS)

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

$550,000

Estimated value

201 2nd SE St

APARTMENT HOUSE (5+ UNITS)

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

Value Estimation by Request

929 2nd SW St

APARTMENT HOUSE (5+ UNITS)

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

$430,000

Estimated value

503 2nd SW Ave

APARTMENT HOUSE (5+ UNITS)

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

$390,000

Estimated value

412 13th SW St

APARTMENT HOUSE (5+ UNITS)

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

$445,000

Estimated value

Pipestone, MN Multifamily Properties Market Trends and Statistics

Explore 22 multifamily properties for sale in Pipestone, MN on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 5,573

Population Growth (5Y) +4.7%

Median Household Income $71,550

College Educated 29.4%

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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Most Searched ZIP Codes in Pipestone, MN

56164