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    Property profile & analytics

    200 Hwy Effie, MN 56639

    • Apartment buildings
    • 4,492 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 200 Hwy

    Year built
    1962
    Lot size
    0.51 lot acres
    Property size
    4,492 SF
    Property type
    Apartment buildings

    Description

    This exceptional six-unit apartment complex, located at 200 Ne Hwy 1 in Effie, Minnesota, presents a lucrative investment opportunity. The property boasts a total of 4,492 square feet situated on a 0.51-acre lot. All six units are currently occupied, ensuring immediate cash flow. Each unit is attractively finished and features central air conditioning for tenant comfort. A shared patio and raised garden provide appealing common areas for residents. Ample parking is available, including electric vehicle charging spaces. Further enhancing the property's appeal is a convenient coin-operated laundry facility located in the lower level. The property is offered at $264,000. Serious inquiries only

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Effie
    County
    Itasca
    State
    Minnesota
    Longitude
    -93.6366
    Latitude
    47.8401

    Comparable in this City

    • Value Estimation by Request
      2,246 SF

      200 State Hwy 1st 1

      APARTMENT HOUSE (5+ UNITS) • 2,246 SF
      200 State Hwy 1st 1, Effie, MN 56639-6048
      View Details
    • Value Estimation by Request
      1,740 SF

      64051 State Hwy 1st 1

      COMMERCIAL (GENERAL) • 1,740 SF
      64051 State Hwy 1st 1, Effie, MN 56639
      View Details
    • Value Estimation by Request
      0.17 Acres

      Effie, MN 56639

      COMMERCIAL (GENERAL) • 0.17 Acres
      Effie, MN 56639
      View Details
    • Value Estimation by Request
      0.46 Acres

      Effie, MN 56639

      COMMERCIAL (GENERAL) • 0.46 Acres
      Effie, MN 56639
      View Details
    • Value Estimation by Request
      1.51 Acres

      105 State Hwy 38

      COMMERCIAL (GENERAL) • 1.51 Acres
      105 State Hwy 38, Effie, MN 56639
      View Details
    • Value Estimation by Request
      1,620 SF

      Effie, MN 56639

      COMMERCIAL (GENERAL) • 1,620 SF
      Effie, MN 56639
      View Details
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    200 Hwy
    Effie, MN 56639
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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