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    Springfield, MN
    Residential Income

    Springfield, MN Residential Income Properties for Sale

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    Comfrey, MN Sanborn, MN Sleepy Eye, MN Wabasso, MN Lamberton, MN Hanska, MN Redwood Falls, MN Fairfax, MN
    Four-Unit Apartment Building
    Updated: Jul 24
    Four-Unit Apartment Building

    202 N Cass Avenue, Springfield, MN 56087

    $252,000
    4,900 sqft 0.34 AC lot
    Four‑unit apartment building with all units currently leased
    Corner lot setting with parking lot and detached garages
    Brick construction with brick/stone exterior
    Forced‑air heating and flat/rubber roofing
    Built in 1940; roof and furnaces described as newer
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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 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.

    Duplex with Brick/Stone Exterior
    Duplex with Brick/Stone Exterior

    802 Le Hillier Street, Mankato, MN 56001

    $249,900
    2,550 sqft 0.22 AC lot

    Two-unit duplex on a 0.218-acre lot, with private entrances, appliance packages, and forced-air heating.

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    Converted Motel Apartment Community
    Converted Motel Apartment Community

    1955 FIRST AVE N, Windom, MN 56101

    Contact for pricing
    27,332 sqft

    Three-building affordable apartment community with 37 units, renovated in 2020, plus garages, lockers, and on-site leasing.

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    Duplex with Private Entrances and Patio
    Duplex with Private Entrances and Patio

    802 LeHiller Street, Mankato, MN 56001

    $249,900
    0.22 AC lot

    Duplex on a gravel driveway with forced-air heat, featuring two private entrances and a block patio for outdoor living.

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    Two-Unit Duplex with Garages
    Two-Unit Duplex with Garages

    310 8th Street, Windom, MN 56101

    Contact for pricing

    Two separate duplex units feature private garages and in-unit HVAC, with decks and patios for outdoor use.

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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

    $39,000

    Buildable lot with lake access to build your dream home.

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    Springfield, MN Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Springfield, MN on our real estate platform. These investment opportunities span a total of 4,900 square feet of properties for sale, with an estimated market value of $252,000.

    Sale prices for residential income properties in Springfield, MN average $252,000 — 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 1
    Quadplexes 1

    Demographics Overview

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

    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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