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    Babbitt, MN
    Residential Income

    Babbitt, MN Residential Income Properties for Sale

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    Embarrass, MN Isabella, MN Ely, MN Soudan, MN Tower, MN Hoyt Lakes, MN Aurora, MN Biwabik, MN
    Quadplex with Detached Garages
    Updated: Oct 2
    Quadplex with Detached Garages

    12 Linney St, Babbitt, MN 55706

    $425,000
    3,460 sqft
    Four apartments; all are currently rented
    3,460 square feet; built in 1977
    Detached garages and shared tenant laundry
    Owner's apartment includes private laundry and a gas fireplace
    Both buildings have replacement roofs; siding, exterior paint, and windows have also been updated
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    Updated Four-Unit Apartment Property
    Updated: Jul 26
    Updated Four-Unit Apartment Property

    12 Linney St, Babbitt, MN 55706

    $425,000
    3,460 sqft
    Four‑unit multifamily property with an owner’s unit and three additional rental units
    Roof replacements completed on both buildings
    Updated siding and fresh exterior paint
    Detached garages included with the property
    Shared laundry area plus private laundry in the owner’s unit
    View details
    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 12 Potential Opportunities for your consideration. Besides 2 Active listings in Babbitt, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    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.

    View details
    Cooperative RV Park Interest
    Cooperative RV Park Interest

    TBD 24 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot

    Designated recreational vehicle lot with a boat slip, on-site sewer and water, and 50-amp electrical service.

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    RV Resort Cooperative Lot
    RV Resort Cooperative Lot

    TBD 5 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot

    Cooperative RV resort interest with a boat slip, utility connections, and 50-amp electrical service.

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

    120 E Sheridan Street, Ely, MN 55731

    $219,000

    Commercial space with two one-bedroom apartments and a retail layout that can accommodate multiple tenants.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Burntside Lake 5-Acre Island Parcel
    Burntside Lake 5-Acre Island Parcel

    Waters Island, Ely, MN 55731

    $945,000
    5.30 AC lot

    Spectacular Burntside Lake property with south and west facing exposure.

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    Land For Sale
    Land For Sale

    80052 Tamarack Trl, Tower, MN 55790

    $162,500

    Land available on Lake Vermilion Reservation Road.

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    Lake Vermilion Waterfront Land
    Lake Vermilion Waterfront Land

    Pine Narrows lot: 10, Tower, MN 55790

    $189,000
    6.00 AC lot

    6-acre waterfront land with 821 ft shoreline on Lake Vermilion.

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    Vacant Land Near Lake Vermilion
    Vacant Land Near Lake Vermilion

    6501 Highway 169, Tower, MN 55790

    $39,950
    9.10 AC lot

    Vacant acreage along Hwy 169 with electricity available and recreational access near Lake Vermilion.

    View details

    Off-Market Properties in Babbitt, MN

    Consider similar Off-Market properties in Babbitt, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    101 Central Blvd
    APARTMENT HOUSE (5+ UNITS)

    101 Central Blvd, Babbitt, MN 55706-1251

    Estimated value:
    $295,000
    13,614 sqft 1.12 AC lot
    View details
    1 Central Blvd
    APARTMENT HOUSE (5+ UNITS)

    1 Central Blvd, Babbitt, MN 55706-1144

    Estimated value:
    $920,000
    22,504 sqft 8.13 AC lot
    View details

    Babbitt, MN Residential Income Properties Market Trends and Statistics

    Explore 4 residential income properties for sale in Babbitt, MN on our real estate platform. These investment opportunities span a total of 6,920 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for residential income properties in Babbitt, MN average $425,000 — 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

    Multifamily properties 2
    Quadplexes 2

    Demographics Overview

    Population 1,827
    Population Growth (5Y) +13.3%
    Median Household Income $60,096
    College Educated 30.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    55706 $425K

    Taxes & Financing

    Tax Rate (average for all types) 2.18%
    Property Tax per SF $44.35 per SF
    Tax Rate vs County Average 0.41 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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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    Residential Income

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