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    Lanesboro, MN Residential Income Properties for Sale

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    Preston, MN Fountain, MN Chatfield, MN Harmony, MN Rushford, MN Utica, MN Wykoff, MN Mabel, MN
    Renovated 10-Unit Apartment Building
    Updated: Apr 15
    Renovated 10-Unit Apartment Building

    505 PKWY AVE S, Lanesboro, MN 55949

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    7,210 sqft
    10‑unit apartment building in Lanesboro, MN, fully renovated and converted from its original use as a church
    Year built 1890
    All major systems and finishes have been replaced for a like‑new condition throughout
    Includes three short‑term rental units currently operating as Airbnb accommodations
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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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lanesboro, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Updated Duplex
    Updated Duplex

    324 E 5th Street, Saint Charles, MN 55972

    $169,900
    1,367 sqft 0.26 AC lot

    Two residential units offer separate living arrangements, with a detached garage and an upper-level deck.

    View details
    Character-Rich Duplex with Balcony
    Character-Rich Duplex with Balcony

    119 1st St NE, Altura, MN 55910

    $225,000
    4,355 sqft

    Converted church residence with two kitchens, separate living areas, and adaptable space for dual-household occupancy.

    View details
    Duplex with Updated Lower Unit
    Duplex with Updated Lower Unit

    324 E 5th St, Saint Charles, MN 55972

    $169,900
    1,367 sqft

    Two residential units offer distinct layouts, including a two-bedroom lower apartment and a one-bedroom upper apartment with a deck.

    View details
    Converted Church Duplex
    Converted Church Duplex

    119 1st Street NE, Altura, MN 55910

    $225,000
    4,355 sqft 0.31 AC lot

    Brick duplex-style residence with separate living areas, two kitchens, flexible use, and distinctive architectural details.

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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.

    Chatfield Buildable Lot Near Downtown
    Chatfield Buildable Lot Near Downtown

    11944 City View Lane SE, Chatfield, MN 55923

    $99,900
    2.04 AC lot

    2.04-acre lot near downtown Chatfield, ideal for building.

    View details
    Residential Land Lots For Sale
    Residential Land Lots For Sale

    8 Lots - 1 Price Briella Avenue, Rushford, MN 55971

    $120,000
    1.09 AC lot

    Eight shovel-ready lots for townhomes in Rushford, Minnesota.

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    Residential Lot with Bluff Views
    Residential Lot with Bluff Views

    105 Money Creek Street N, Rushford, MN 55971

    $39,900
    0.30 AC lot

    Residential lot in Rushford, MN, suitable for building a home.

    View details
    Residential Lot in Wykoff Subdivision
    Residential Lot in Wykoff Subdivision

    203 Diamond Court, Wykoff, MN 55990

    $55,000
    0.47 AC lot

    Affordable walkout lot with country views, new construction tax abatement.

    View details

    Lanesboro, MN Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Lanesboro, MN on our real estate platform. These investment opportunities span a total of 7,210 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Multifamily properties 1
    Short term rental properties 1

    Demographics Overview

    Population 1,918
    Population Growth (5Y) +11.1%
    Median Household Income $80,357
    College Educated 49.3%

    Taxes & Financing

    Tax Rate (average for all types) 2.16%
    Property Tax per SF $2.12 per SF
    Tax Rate vs County Average 0.26 pp below county avg
    Average Loan-to-Value 65.0%

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