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    Owatonna, MN
    Residential Income

    Owatonna, MN Residential Income Properties for Sale

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    Hutchinson, MN Medford, MN Claremont, MN Waseca, MN Warsaw, MN Faribault, MN Ellendale, MN Morristown, MN
    6 properties
    Duplex with Upstairs Apartment
    Updated: Aug 18
    Duplex with Upstairs Apartment

    144 E Rose Street, Owatonna, MN 55060

    $229,900
    1,710 sqft 0.14 AC lot
    Upstairs apartment in addition to the main residence
    1,710 square feet on 0.142 acres
    Primary two‑car garage plus a separate detached garage
    Metal siding, newer roof, vinyl windows, and central air
    Privacy‑fenced yard and porch
    View details
    Six-Unit Apartment Building
    Updated: Aug 10
    Six-Unit Apartment Building

    805 S Cedar Avenue, Owatonna, MN 55060

    $399,900
    0.30 AC lot
    Six residential units with 5 currently occupied
    0.301‑acre parcel in Owatonna
    Recent flooring, interior paint, and bathroom updates
    Newer boiler system
    Detached garage and forced‑air heating
    View details
    Side-by-Side Duplex with Garage
    Side-by-Side Duplex with Garage

    1028 S Cedar Ave, Owatonna, MN 55060

    $255,000
    2,894 sqft

    Two separately serviced units offer flexible owner-occupant and rental configurations.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Duplex With Detached Garage
    Duplex With Detached Garage

    144 E Rose Street, Owatonna, MN 55060

    $229,900
    1,710 sqft

    Two-level residential income property with an additional apartment, fenced outdoor space, and multiple garage structures.

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    Six-Bedroom Duplex with Garage
    Six-Bedroom Duplex with Garage

    725 S Cedar Ave, Owatonna, MN 55060

    $240,000
    2,709 sqft

    Corner-lot duplex with a detached garage offering additional parking and storage.

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    Mixed-Use Building
    Mixed-Use Building

    151 W BRIDGE ST, Owatonna, MN 55060

    Contact for pricing
    7,924 sqft

    Bridge Street property near downtown Owatonna with B3 Central Business zoning.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Owatonna, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 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 Fenced Yard
    Duplex with Fenced Yard

    3 6th Ave NW, Faribault, MN 55021

    $290,000
    2,172 sqft

    Upper and lower residences each include three bedrooms, one bathroom, a kitchen, dining room, and living room.

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    Triplex Multifamily Property
    Triplex Multifamily Property

    610 3rd Ave SE, Waseca, MN 56093

    $174,800
    2,142 sqft

    Three residential units are situated near parks, schools, local services, and downtown Waseca.

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    Triplex with Basement
    Triplex with Basement

    610 SE 3rd Avenue, Waseca, MN 56093

    $174,800
    0.20 AC lot

    Three-unit residential property with forced-air heating and a shingle roof.

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    Renovated Mixed-Use Building
    Renovated Mixed-Use Building

    213 Central Ave N, Faribault, MN 55021

    $409,000

    Commercial space and two furnished apartments are supported by a full basement with garage access.

    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 Land in Owatonna, MN
    Residential Land in Owatonna, MN

    Breckenridge Place NW, Owatonna, MN 55060

    $35,000
    0.58 AC lot

    Wooded lot for building a dream home with highway access.

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    Land For Sale
    Land For Sale

    2195 NE Maple Leaf Lane, Owatonna, MN 55060

    $84,000
    14,374 sqft

    Land available for purchase.

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    Expansive Residential Parcel in Waterville
    Expansive Residential Parcel in Waterville

    Open Lot Browers Street E, Waterville, MN 56096

    $52,500
    0.74 AC lot

    Three lots combined into one expansive parcel for future use.

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    Residential Lots in Hayfield, MN
    Residential Lots in Hayfield, MN

    508 4th Street SE, Hayfield, MN 55940

    $69,900
    0.40 AC lot

    Residential lots available in a developing Hayfield subdivision.

    View details

    Off-Market Properties in Owatonna, MN

    Consider similar Off-Market properties in Owatonna, 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.

    215 22nd NW St
    APARTMENT HOUSE (5+ UNITS)

    215 22nd NW St, Owatonna, MN 55060-1255

    Estimated value:
    $1,945,000
    18,332 sqft
    View details
    1830 Hartle Ave
    APARTMENT HOUSE (5+ UNITS)

    1830 Hartle Ave, Owatonna, MN 55060-4490

    Estimated value:
    $535,000
    4,320 sqft
    View details
    252 Broadway St
    APARTMENT HOUSE (5+ UNITS)

    252 Broadway St, Owatonna, MN 55060-2404

    Estimated value:
    $340,000
    4,147 sqft
    View details
    115 Chambers Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    115 Chambers Ave, Owatonna, MN 55060-3067

    Estimated value:
    $210,000
    1,200 sqft
    View details
    612 Agnes St
    APARTMENT HOUSE (5+ UNITS)

    612 Agnes St, Owatonna, MN 55060-3176

    Estimated value:
    $570,000
    7,800 sqft
    View details
    811 School St
    APARTMENT HOUSE (5+ UNITS)

    811 School St, Owatonna, MN 55060-3183

    Estimated value:
    $600,000
    9,766 sqft
    View details
    245 Rice St
    APARTMENT HOUSE (UNDER 5 UNITS)

    245 Rice St, Owatonna, MN 55060-3092

    Estimated value:
    $275,000
    2,796 sqft
    View details
    135 22nd NW St
    APARTMENT HOUSE (5+ UNITS)

    135 22nd NW St, Owatonna, MN 55060-1391

    Estimated value:
    $1,070,000
    13,440 sqft
    View details
    633 Agnes St
    APARTMENT HOUSE (5+ UNITS)

    633 Agnes St, Owatonna, MN 55060-3177

    Estimated value:
    $825,000
    10,608 sqft
    View details
    511 Elm Ave
    APARTMENT HOUSE (5+ UNITS)

    511 Elm Ave, Owatonna, MN 55060-3351

    Estimated value:
    $265,000
    2,870 sqft
    View details
    1212 Frontage Rd
    APARTMENT HOUSE (100+ UNITS)

    1212 Frontage Rd, Owatonna, MN 55060-5692

    Estimated value:
    $6,910,000
    72,822 sqft 6.31 AC lot
    View details
    219 Ml St
    APARTMENT HOUSE (UNDER 5 UNITS)

    219 Ml St, Owatonna, MN 55060-3074

    Estimated value:
    $290,000
    2,544 sqft
    View details
    119 Chambers Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    119 Chambers Ave, Owatonna, MN 55060-3076

    Estimated value:
    $270,000
    1,716 sqft
    View details
    706 Academy St
    APARTMENT HOUSE (5+ UNITS)

    706 Academy St, Owatonna, MN 55060-3181

    Estimated value:
    $1,880,000
    13,248 sqft
    View details
    805 Cedar Ave
    APARTMENT HOUSE (5+ UNITS)

    805 Cedar Ave, Owatonna, MN 55060-3257

    Estimated value:
    $305,000
    3,172 sqft
    View details
    352 Rose St
    APARTMENT HOUSE (5+ UNITS)

    352 Rose St, Owatonna, MN 55060-2548

    Estimated value:
    $625,000
    14,464 sqft
    View details
    241 13th SW St
    APARTMENT HOUSE (UNDER 5 UNITS)

    241 13th SW St, Owatonna, MN 55060-3953

    Estimated value:
    $235,000
    2,040 sqft
    View details
    614 Brg St
    APARTMENT HOUSE (5+ UNITS)

    614 Brg St, Owatonna, MN 55060-2776

    Estimated value:
    $5,645,000
    32,676 sqft
    View details

    Owatonna, MN Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Owatonna, MN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 16,947 square feet of properties for sale, with an estimated market value of $1,354,700.

    Sale prices for residential income properties in Owatonna, MN start at $229,900, averaging $270,940, and reaching up to $399,900 — 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

    Multifamily properties 7
    Duplexes 4
    Apartment buildings 2

    Demographics Overview

    Population 32K
    Population Growth (5Y) +0.2%
    Median Household Income $84,408
    College Educated 34.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    55060 $233.3K

    Taxes & Financing

    Tax Rate (average for all types) 2.97%
    Property Tax per SF $3.69 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Steele County

    New Delisted

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