114 Olive St, Stillwater, MN 55082

This exceptional investment opportunity presents a fully leased, five-unit apartment building situated in the heart of historic Stillwater, Minnesota. The property, located at 114 Olive St W, boasts a prime location just three blocks from Main Street, offering convenient access to local amenities and attractions. The two-story building encompasses 4,740 square feet and sits on a 0.58-acre lot with frontage on both Olive Street West and Third Street. The building features a mix of unit sizes, including three two-bedroom units and two one-bedroom units, all currently occupied, ensuring a consistent rental income stream. On-site laundry facilities and private entrances enhance tenant convenience and satisfaction. The property is zoned RCM - Medium Density, presenting potential for future redevelopment or expansion. Offered at $895,000, this represents an attractive price per unit of $179,000 and a price per square foot of $188.82. Showings are available Monday through Thursday, between 11:00 am and 4:00 pm, with a 48-hour notice required. This is a rare chance to acquire a well-maintained, income-producing property in a highly desirable location. The strong rental history and potential for future growth make this an ideal investment for discerning buyers.