Residential Income

Owatonna, MN Residential Income Properties for Sale

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Medford, MN Claremont, MN Waseca, MN Faribault, MN Ellendale, MN Blooming Prairie, MN West Concord, MN New Richland, MN
Duplex with Detached Garage
Updated: Aug 14
Duplex with Detached Garage

725 S Cedar Avenue, Owatonna, MN 55060

$240,000
2,709 sqft 0.25 AC lot
Two‑unit duplex with 6 bedrooms and 2 bathrooms
2,709 square feet on a 0.25‑acre corner lot
Detached 2‑car garage
Built in 1894
Schools, parks, shopping, dining, and downtown Owatonna nearby
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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
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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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3 active listings match your search: Residential Income for sale in Owatonna, MN. Based on your search, we've also compiled 77 Potential Opportunities for your consideration: 4 properties in nearby cities, 69 off-market properties to explore as potential leads, and 4 land listings with development potential.

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 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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Two-Unit Duplex
Two-Unit Duplex

210 7th Avenue NE, Waseca, MN 56093

$149,900
2,244 sqft 0.11 AC lot

Each residence includes three bedrooms, one bathroom, and its own washer and dryer.

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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.

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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 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.

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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
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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
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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
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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
285 Cedardale SE Dr
APARTMENT HOUSE (5+ UNITS)

285 Cedardale SE Dr, Owatonna, MN 55060-4425

Estimated value:
$700,000
7,905 sqft
View details
308 Cedar Ave
APARTMENT HOUSE (5+ UNITS)

308 Cedar Ave, Owatonna, MN 55060-2951

Estimated value:
$520,000
8,095 sqft
View details
328 Pne Ave
APARTMENT HOUSE (5+ UNITS)

328 Pne Ave, Owatonna, MN 55060-2572

Estimated value:
$440,000
7,260 sqft
View details

Owatonna, MN Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Owatonna, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,603 square feet of properties for sale, with an estimated market value of $894,900.

Sale prices for residential investment properties in Owatonna, MN start at $240,000, averaging $298,300, 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 5
Apartment buildings 2
Duplexes 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 $284.9K

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%

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