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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 Brimson, MN
    Updated Quadplex with Detached Garages
    Updated: Jul 12
    Updated Quadplex with Detached Garages

    12 Linney St, Babbitt, MN 55706

    $425,000
    3,460 sqft
    3,460‑square‑foot quadplex with four residential units
    New roof installed on both buildings
    New siding, fresh paint, and newer windows
    Detached garages plus parking lot
    Shared laundry room; one unit has private laundry facilities
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    This listing looks promising.

    Here's a quick look at some key insights for

    12 Linney St, Babbitt, MN 55706-0000

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $31K
      Annual

    • Price @ 7% Cap

      $440K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1977
    View Property Analytics
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 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
    RV Resort Co-op Lot with Boat Slip
    RV Resort Co-op Lot with Boat Slip

    TBD 30 Lake Ave S, Tower, MN 55790

    $59,900
    0.05 AC lot

    Co-op lot in Tower RV Resort with on-site sewer/water, 50-amp hookup, and a boat slip on Lake Vermillion.

    View details
    Historic Mixed-Use Building
    Historic Mixed-Use Building

    601 Main St, Tower, MN 55790

    $339,900

    Two commercial suites and three upper-level apartments occupy a flexible building with storage, basement, garage, and shop space.

    View details
    Mixed-Use Building in Downtown Ely
    Mixed-Use Building in Downtown Ely

    216 E Sheridan St, Ely, MN

    Contact for pricing
    8,078 sqft 0.14 AC lot

    Two-story building with restaurant and four apartments in Ely.

    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.

    Lake Vermilion Road Access Building Lot
    Lake Vermilion Road Access Building Lot

    Armstrong Bay Road, Tower, MN 55790

    $474,500
    3.44 AC lot

    3.4 acre building lot with 240 ft shoreline.

    View details
    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.

    View details
    Land For Sale
    Land For Sale

    80052 Tamarack Trail, Tower, MN 55790

    $162,500

    Land available on Lake Vermilion Reservation Road.

    View details
    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.

    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

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

    1 Central Blvd, Babbitt, MN 55706-1144

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

    Babbitt, MN Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Babbitt, MN on our real estate platform. These investment opportunities span a total of 3,460 square feet of properties for sale, with an estimated market value of $425,000.

    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 1
    Quadplexes 1

    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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