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    Tower, MN
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    Tower, MN Multifamily Properties for Sale

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    Soudan, MN Cook, MN Embarrass, MN Virginia, MN Orr, MN Babbitt, MN Ely, MN Biwabik, MN
    Cooperative RV Park Interest
    Updated: May 22
    Cooperative RV Park Interest

    TBD 24 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot
    1 Share in the cooperative associated with Lot #24 at Tower R.V. Resort
    Lot measures approximately 2000 Sq. Ft.
    Approximate lot dimensions: 35'-40' wide by 50'-60' Long
    Boat slip on the channel with access to the City of Tower and Pike Bay on Lake Vermillion
    City sewer and water on‑site
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    RV Resort Cooperative Lot
    Updated: Feb 7
    RV Resort Cooperative Lot

    TBD 5 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot
    One cooperative share tied to Lot #5 at Tower R.V. Resort
    Approximately 2,000 Sq./Ft. lot measuring about 35'-40' wide by 50'-60' long
    Boat slip on a channel with access to the City of Tower and Pike Bay
    City sewer and water on‑site
    50‑amp electrical hookup
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    Updated Four-Unit Quadplex
    Updated Four-Unit Quadplex

    605 Main St, Tower, MN 55790

    $329,900
    4,464 sqft

    Historic building with four two-bedroom, one-bath residences and separately metered electricity for each unit.

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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 7 Potential Opportunities for your consideration. Besides 3 Active listings in Tower, 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.

    Quadplex with Updated Systems
    Quadplex with Updated Systems

    110 3rd Ave N, Biwabik, MN 55708

    $160,000
    2,200 sqft

    Four-unit residential property with flexible rental use and recent mechanical and electrical improvements.

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    4-Unit Quadplex with Updated Systems
    4-Unit Quadplex with Updated Systems

    110 3rd Ave N, Biwabik, MN 55705

    $160,000
    2,200 sqft

    Mixed apartment layout with current long-term rental use, vacant units, and stated short-term rental flexibility.

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    Updated Duplex With Separate Laundry
    Updated Duplex With Separate Laundry

    218 N 1st Ave E, Ely, MN 55731

    $198,500
    1,636 sqft

    Two independent residences offer distinct living areas, kitchens, bathrooms, and laundry setups within a well-maintained duplex.

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    Turnkey Restaurant and Apartments
    Turnkey Restaurant and Apartments

    216 E Sheridan St, Ely, MN 55731

    $390,000
    6,800 sqft

    Purchase a fully equipped restaurant space with four apartments above, totaling about 6,800 square feet.

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    Tower, MN Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Tower, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,464 square feet of properties for sale, with an estimated market value of $429,700.

    Sale prices for multifamily properties in Tower, MN start at $49,900, averaging $143,233, and reaching up to $329,900 — 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

    Mobile home & RV parks 2
    Quadplexes 1

    Demographics Overview

    Population 1,933
    Population Growth (5Y) -3.5%
    Median Household Income $74,732
    College Educated 46.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    55790 $165.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.45%
    Property Tax per SF $30.81 per SF
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

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