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    Mountain Lake, MN
    Residential Income

    Mountain Lake, MN Residential Income Properties for Sale

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    Bingham Lake, MN Butterfield, MN Windom, MN Ormsby, MN Saint James, MN Comfrey, MN Jackson, MN Lamberton, 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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    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 Mountain Lake, 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.

    Four-Unit Quadplex with Garages
    Four-Unit Quadplex with Garages

    202 N Cass Avenue, Springfield, MN 56087

    $252,000
    4,900 sqft 0.34 AC lot

    Brick apartment property with detached garages, forced-air heating, and all units leased.

    View details
    Four-Unit Apartment Building
    Four-Unit Apartment Building

    224 S Park Street, Fairmont, MN 56031

    $139,900
    1,988 sqft

    Two-story layout with basement laundry and separately metered electricity.

    View details
    Residential Income Property with Garage
    Residential Income Property with Garage

    202 N Cass Avenue, Springfield, MN 56087

    $252,000
    4,900 sqft

    The property includes a parking lot, garage, and forced-air heating.

    View details
    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.

    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.

    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 Land at Cottonwood Lake
    Residential Land at Cottonwood Lake

    4 Cottonwood Lake Boulevard, Windom, MN 56101

    $180,000
    0.43 AC lot

    Homesite at Cottonwood Lake near parks, trails, schools, and shops.

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    Residential Land Near Cottonwood Lake
    Residential Land Near Cottonwood Lake

    10 Cottonwood Lake Boulevard, Windom, MN 56101

    $150,000
    0.41 AC lot

    Homesite near Cottonwood Lake with access to amenities.

    View details
    Residential Land Near Cottonwood Lake
    Residential Land Near Cottonwood Lake

    14 Cottonwood Lake Boulevard, Windom, MN 56101

    $160,000
    0.68 AC lot

    Homesite near Cottonwood Lake with access to amenities.

    View details

    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 income 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 $200K

    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%

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