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    Forbes, MN
    Residential Income

    Forbes, MN Residential Income Properties for Sale

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    Eveleth, MN Iron, MN Cotton, MN Hibbing, MN Meadowlands, MN Gilbert, MN Mountain Iron, MN Virginia, MN
    Recreation Cabin Acreage
    Updated: Jul 14
    Recreation Cabin Acreage

    3xxx Quaal Road, Forbes, MN 55738

    $84,900
    19.21 AC lot
    Cabin/hunting shack on approximately 19.21 acres in Forbes, Minnesota
    Acreage is subject to a lot split; additional parcels may be available
    Additional land opportunities listed under MLS #7103458, MLS #7103418, and MLS #7103464
    Buyers should verify intended use with local zoning and township requirements
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    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 10 Potential Opportunities for your consideration. Besides 1 Active listings in Forbes, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Duplex with Hardwood Flooring
    Duplex with Hardwood Flooring

    119 8th St. S, Virginia, MN 55792

    $35,000
    2,012 sqft

    Wood-frame duplex with steam heat and hardwood flooring, with one unit needing TLC and the other ready for a full update.

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    Duplex With HVAC Updates
    Duplex With HVAC Updates

    118 2nd St S, Virginia, MN 55792

    $56,900
    1,460 sqft

    Fully rented duplex with newer HVAC equipment and selected plumbing improvements.

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    Corner Brick Mixed-Use Building
    Corner Brick Mixed-Use Building

    1911 7th Avenue E, Hibbing, MN 55746

    $299,000

    Solid brick corner building combines three apartment units with an additional apartment-style space and a warehouse/workshop area.

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    Mixed-Use Building with Balcony
    Mixed-Use Building with Balcony

    2804 1st Ave, Hibbing, MN 55746

    Contact for pricing

    Mixed-use building offers three commercial areas plus a 969 sq. ft. one-bedroom apartment with balcony and off-street parking.

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    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.

    Heavily Wooded 10-Acre Lot
    Heavily Wooded 10-Acre Lot

    N Moon Lake Drive, Eveleth, MN 55734

    $70,000
    10.00 AC lot

    10-acre lot on Moon Lake with southern exposure.

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    Elliot Lake Waterfront Land Parcel
    Elliot Lake Waterfront Land Parcel

    Jola Road, Eveleth, MN 55734

    $139,000
    4.50 AC lot

    4.5-acre parcel with 680 feet of shoreline on Elliot Lake.

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    Lakefront Residential Development Land
    Lakefront Residential Development Land

    Bass Lake Road, Gilbert, MN 55741

    $224,900
    1.48 AC lot

    Heavily wooded 1.48-acre parcel on Bass Lake with about 200 ft private shoreline and paved-road access.

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    Waterfront Land with Private Shoreline
    Waterfront Land with Private Shoreline

    Bass Lake Rd, Gilbert, MN 55741

    $209,900
    1.48 AC lot

    Heavily wooded Bass Lake lot with electricity at the street and paved-road access for a custom build.

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    Off-Market Properties in Forbes, MN

    Consider similar Off-Market properties in Forbes, 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.

    8707 Townline Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    8707 Townline Rd, Forbes, MN 55738-5000

    $310,000
    Estimated value
    4,167 sqft 6.00 AC lot
    View details

    Forbes, MN Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Forbes, MN on our real estate platform.

    Sale prices for residential income properties in Forbes, MN average $84,900 — 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

    Single family properties 1

    Demographics Overview

    Population 584
    Population Growth (5Y) +8.8%
    Median Household Income $80,278
    College Educated 24.6%

    Taxes & Financing

    Tax Rate (average for all types) 1.65%
    Property Tax per SF $8.38 per SF
    Tax Rate vs County Average 0.93 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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