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    Springfield, MN
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    Springfield, MN Multifamily Properties for Sale

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    Comfrey, MN Sanborn, MN Clements, MN Morgan, MN Sleepy Eye, MN Lamberton, MN Hanska, MN Mountain Lake, MN
    Four-Unit Quadplex with Garages
    Updated: Jul 24
    Four-Unit Quadplex with Garages

    202 N Cass Avenue, Springfield, MN 56087

    $252,000
    4,900 sqft 0.34 AC lot
    Four‑unit apartment property with 4,900 square feet
    All units currently leased with a waiting list
    Eight bedrooms and four bathrooms
    Detached garages plus parking lot
    Brick construction with flat rubber roof
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    Four-Unit Apartment Quadplex
    Updated: Aug 22
    Four-Unit Apartment Quadplex

    305 N Van Buren Ave, Springfield, MN 56087

    $300,000
    2,400 sqft
    Four apartment units: two one‑bedroom and two two‑bedroom apartments
    All four units are currently occupied
    2,400 square feet; built in 1970
    Four detached garage stalls
    Coin‑operated laundry on site
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    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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Springfield, 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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    104 W Main St, Cottonwood, MN 56229

    $249,900
    13,833 sqft

    Two-level property combines five apartments with flexible street-level commercial and storage areas.

    View details
    32-Unit Senior Housing Property
    32-Unit Senior Housing Property

    3200 Maple Ave Unit 2, Slayton, MN 56172

    $599,900
    27,513 sqft

    One-bedroom layouts include common areas, on-site parking, and individually metered electric.

    View details
    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    104 W Main Street, Cottonwood, MN 56229

    $249,900
    0.16 AC lot

    Two-level commercial property combining residential units with multiple street-front business spaces and separate entrances.

    View details
    32-Unit Senior Apartment Building
    32-Unit Senior Apartment Building

    2-3200 Maple Ave, Slayton, MN 56172

    $599,900

    One-bedroom residences include shared amenities, separately metered electricity, and on-site parking.

    View details

    Springfield, MN Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Springfield, MN on our real estate platform. These investment opportunities span a total of 7,300 square feet of properties for sale, with an estimated market value of $552,000.

    Sale prices for multifamily properties in Springfield, MN start at $252,000, averaging $276,000, and reaching up to $300,000 — 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

    Quadplexes 2

    Demographics Overview

    Population 3,240
    Population Growth (5Y) +8.4%
    Median Household Income $64,566
    College Educated 31.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    56087 $276K

    Taxes & Financing

    Tax Rate (average for all types) 2.81%
    Property Tax per SF $24.68 per SF
    Tax Rate vs County Average 0.65 pp above county avg
    Average Loan-to-Value 65.0%

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