804 S 4Th St, St Peter, MN 56082

3,008 SF 0.25 ac lot Built 1890

Property ID

US46-2947358

$389,000 3,008 SF

804 S 4Th St, St Peter, MN 56082
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This exceptional investment opportunity presents a well-maintained, four-unit apartment building located in the heart of Saint Peter, Minnesota. Boasting Victorian charm, this historic property is situated just one block from Minnesota Square Park, offering convenient proximity to Gustavus College and downtown amenities. The building features a total of 3,008 square feet across two stories, with four units: two one-bedroom units, one two-bedroom unit, and one three-bedroom unit. All units are currently leased, providing immediate cash flow for the new owner. Recent significant upgrades include a new steel siding, a new roof installed in November 2023, a new chimney with a cement cap (October 2021), and a new stainless steel chimney liner (May 2021). All appliances have been replaced within the last four years, and a new water heater was installed in 2019. A coin-operated washer and dryer are located in the basement, with the dryer being new in 2023. All windows are aluminum combination storm windows. The property sits on a 0.25-acre lot, zoned 4A, and presents potential for future expansion, such as adding garages (subject to city approval). This turnkey investment offers a strong return, with an asking price of $399,000 ($132.65/sq ft and $99,750/unit). Built in 1890, this property combines historical character with modern updates, making it an ideal addition to any investment portfolio.