Residential Income

Mountain Lake, MN Residential Income Properties for Sale

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Bingham Lake, MN Butterfield, MN Windom, MN Saint James, MN Jackson, MN Springfield, MN Sanborn, MN Heron Lake, MN
Two-Unit Duplex with Garage
Updated: Aug 3
Two-Unit Duplex with Garage

409/411 9th Street N, Mountain Lake, MN 56159

$189,900
2,184 sqft
Two 2‑bedroom units within a 2,184‑square‑foot duplex
Each unit includes a full bathroom, kitchen with dining area, and living room
Shared covered deck accessed through patio doors
Lower level includes an additional bathroom, storage, and multiple closets
Attached garage provides enclosed parking and storage
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1 active listing matches your search: Residential Income for sale in Mountain Lake, MN. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

Opportunities in Nearby Cities

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

4-Unit Apartment Building with Garages
4-Unit Apartment Building with Garages

202 N Cass Avenue, Springfield, MN 56087

$234,900
4,900 sqft 0.34 AC lot

All four residences are leased, with a waiting list in place.

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Triplex with Updated Units
Triplex with Updated Units

407 E 6th Street, Fairmont, MN 56031

$169,900
1,680 sqft 0.09 AC lot

Three similarly sized rentals have sub-metered utilities for separate tracking of usage and expenses.

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Four-Unit Apartment Quadplex
Four-Unit Apartment Quadplex

305 N Van Buren Ave, Springfield, MN 56087

$290,000
2,400 sqft

Fully occupied residential income property with mixed unit layouts, detached garages, and coin-operated laundry.

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Mixed-Use Downtown Building
Mixed-Use Downtown Building

40 Downtown Plaza, Fairmont, MN 56031

Contact for pricing
7,200 sqft

Two-story concrete and brick building with a main-level nail salon, warehouse/flex space, and second-floor apartments.

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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.

Residential Lot Near Bingham Lake
Residential Lot Near Bingham Lake

1134 Bingham Lake Drive, Bingham Lake, MN 56118

$38,000

Buildable lot with lake access to build your dream home.

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Residential Lot in Growing Neighborhood
Residential Lot in Growing Neighborhood

1970 Norway Avenue, Windom, MN 56101

$43,900
0.76 AC lot

Spacious lot near schools and parks, ideal for building.

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Residential Lot in Windom, MN
Residential Lot in Windom, MN

95 5th Street, Windom, MN 56101

Contact for pricing
0.15 AC lot

Residential lot available in a quiet cul-de-sac.

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Land Available in Windom, MN
Land Available in Windom, MN

6th Crn 17th St/6th Avenue, Windom, MN 56101

Contact for pricing

Land for sale located in Windom, Minnesota.

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Mountain Lake, MN Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Mountain Lake, MN on our real estate platform. These investment opportunities span a total of 2,184 square feet of properties for sale, with an estimated market value of $189,900.

Sale prices for residential investment properties in Mountain Lake, MN average $189,900 — 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

Duplexes 1
Multifamily properties 1

Demographics Overview

Population 2,520
Population Growth (5Y) -10.6%
Median Household Income $65,089
College Educated 28.2%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
56159 $189.9K

Taxes & Financing

Tax Rate (average for all types) 1.92%
Property Tax per SF $10.18 per SF
Tax Rate vs County Average 0.24 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cottonwood County

New Delisted

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