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    Springfield, MN
    Residential Income

    Springfield, MN Residential Income Properties for Sale

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    Comfrey, MN Sanborn, MN Clements, MN Morgan, MN Sleepy Eye, MN Lamberton, MN Hanska, MN Mountain Lake, MN
    Four-Unit Quadplex with Garages
    Updated: Jul 24
    Four-Unit Quadplex with Garages

    202 N Cass Avenue, Springfield, MN 56087

    $252,000
    4,900 sqft 0.34 AC lot
    Four‑unit apartment property with 4,900 square feet
    All units currently leased with a waiting list
    Eight bedrooms and four bathrooms
    Detached garages plus parking lot
    Brick construction with flat rubber roof
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    Residential Income Property with Garage
    Updated: Jul 27
    Residential Income Property with Garage

    202 N Cass Avenue, Springfield, MN 56087

    $252,000
    4,900 sqft
    Residential‑Multi‑Family zoning
    Built in 1940
    Garage and on‑site parking lot
    Natural gas and forced‑air heating
    Partially finished interior area
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    Four-Unit Apartment Quadplex
    Four-Unit Apartment Quadplex

    305 N Van Buren Ave, Springfield, MN 56087

    $300,000
    2,400 sqft

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

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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 11 Potential Opportunities for your consideration. Besides 3 Active listings in Springfield, 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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    104 W Main St, Cottonwood, MN 56229

    $249,900
    13,833 sqft

    Two-level property combines five apartments with flexible street-level commercial and storage areas.

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    32-Unit Senior Housing Property
    32-Unit Senior Housing Property

    3200 Maple Ave Unit 2, Slayton, MN 56172

    $599,900
    27,513 sqft

    One-bedroom layouts include common areas, on-site parking, and individually metered electric.

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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    104 W Main Street, Cottonwood, MN 56229

    $249,900
    0.16 AC lot

    Two-level commercial property combining residential units with multiple street-front business spaces and separate entrances.

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    32-Unit Senior Apartment Building
    32-Unit Senior Apartment Building

    2-3200 Maple Ave, Slayton, MN 56172

    $599,900

    One-bedroom residences include shared amenities, separately metered electricity, and on-site parking.

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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 Sanborn, MN
    Residential Land in Sanborn, MN

    E Winona Street lot: 5-8, Sanborn, MN 56083

    Contact for pricing
    0.32 AC lot

    Build-ready land in town, ideal for custom home.

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    Residential Lot in Redwood Falls
    Residential Lot in Redwood Falls

    113 U'Ren Lane, Redwood Falls, MN 56283

    Contact for pricing
    0.29 AC lot

    City lot in a quiet cul-de-sac with city services.

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    Lakefront Lot for Custom Home
    Lakefront Lot for Custom Home

    S Ramsey Street, Redwood Falls, MN 56283

    $50,000
    1.15 AC lot

    1.096-acre lot with 130 feet of shoreline on Lake Redwood.

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    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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    Springfield, MN Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Springfield, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 12,200 square feet of properties for sale, with an estimated market value of $804,000.

    Sale prices for residential income properties in Springfield, MN start at $252,000, averaging $268,000, and reaching up to $300,000 — 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

    Multifamily properties 2
    Quadplexes 2

    Demographics Overview

    Population 3,240
    Population Growth (5Y) +8.4%
    Median Household Income $64,566
    College Educated 31.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    56087 $268K

    Taxes & Financing

    Tax Rate (average for all types) 2.81%
    Property Tax per SF $24.68 per SF
    Tax Rate vs County Average 0.65 pp above county avg
    Average Loan-to-Value 65.0%

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