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    Milaca, MN
    Residential Income

    Milaca, MN Residential Income Properties for Sale

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    Pease, MN Foreston, MN Bock, MN Princeton, MN Ogilvie, MN Onamia, MN Dalbo, MN Foley, MN
    Up-Down Duplex with Detached 3-Stall Garage
    Updated: Jul 29
    Up-Down Duplex with Detached 3-Stall Garage

    345 2nd Avenue SW, Milaca, MN 56353

    $320,000
    2,076 sqft 0.41 AC lot
    Upper unit lease in place through 2026
    Lower unit lease in place through mid June 2027
    Roof replaced in 2022
    Detached 3‑stall garage with separate electric meter (2024)
    0.414‑acre lot and 2,076 SF duplex with separate utilities
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    This listing looks promising.

    Here's a quick look at some key insights for

    345 2nd Avenue SW, Milaca, MN 56353

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $28K
      Annual

    • Price @ 7% Cap

      $398K
      Above asking

    • Property Type

      Single Family Residence
      Built 1920
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    Residential Income Property with Daylight Basement
    Updated: Jul 29
    Residential Income Property with Daylight Basement

    345 2nd Avenue SW, Milaca, MN 56353

    $320,000
    2,076 sqft
    Residential‑Multi‑Family and Residential‑Single Family zoning
    Full, unfinished daylight basement
    Natural gas, baseboard, hot water, and radiant heating
    Built in 1920
    Garage door opener and asphalt exterior
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Milaca, 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.

    Up-Down Duplex With Detached Garage
    Up-Down Duplex With Detached Garage

    151 3rd Avenue, Foley, MN 56329

    $175,000
    1,465 sqft 0.08 AC lot

    Up-down duplex with a 2 bed/1 bath main unit and a 1 bed/1 bath upper unit, separately metered utilities.

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    Updated Duplex with Detached Garage
    Updated Duplex with Detached Garage

    151 3rd Ave, Foley, MN 56329

    $175,000
    1,465 sqft

    Up/down configuration includes separately metered utilities and leases in place through Fall 2026.

    View details
    Three-Unit Mixed-Use Property
    Three-Unit Mixed-Use Property

    418 E Saint Germain St, Saint Cloud, MN 56304

    $325,000

    Tenant-occupied building combining commercial space with two apartments and dedicated laundry areas.

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    Turnkey St. Cloud Apartment Building
    Turnkey St. Cloud Apartment Building

    1226 9th Avenue S, Saint Cloud, MN 56301

    Contact for pricing

    Well-maintained, fully occupied six-unit apartment building near SCSU.

    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.

    Wooded Lot in City Limits
    Wooded Lot in City Limits

    580 1st Street, Milaca, MN 56353

    Contact for pricing
    0.13 AC lot

    Residential multi-family zoned land for sale in Milaca, Minnesota.

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    Surveyed Farmland with Building Site
    Surveyed Farmland with Building Site

    13149 State Highway 23, Milaca, MN 56353

    $319,000
    22.49 AC lot

    Surveyed 22.49-acre farmland with a ready building site, driveway access, and utilities including natural gas and high-speed internet.

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    Productive Leased Farmland Parcel
    Productive Leased Farmland Parcel

    160th St., Foreston, MN 56330

    $160,000
    15.72 AC lot

    Surveyed, productive acreage fronts a paved county road with driveway approach and culvert for straightforward access.

    View details
    Hobby Farm Development Land
    Hobby Farm Development Land

    8216 55th Avenue, Princeton, MN 55371

    $84,900
    6.38 AC lot

    Build-ready acreage with driveway and culvert in place, plus a small creek running through the property.

    View details

    Milaca, MN Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Milaca, MN on our real estate platform. These investment opportunities span a total of 4,152 square feet of properties for sale, with an estimated market value of $640,000.

    Sale prices for residential income properties in Milaca, MN average $320,000 — 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

    Duplexes 1
    Multifamily properties 1

    Demographics Overview

    Population 9,489
    Population Growth (5Y) +1.9%
    Median Household Income $77,170
    College Educated 21.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    56353 $320K

    Taxes & Financing

    Tax Rate (average for all types) 2.05%
    Property Tax per SF $23.30 per SF
    Tax Rate vs County Average 0.07 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Mille Lacs County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Milaca fall within the 25,000 to 50,000 square foot range.

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