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    Tower, MN
    Residential Income

    Tower, MN Residential Income Properties for Sale

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    Soudan, MN Cook, MN Embarrass, MN Virginia, MN Orr, MN Babbitt, MN Ely, MN Biwabik, MN
    Cooperative RV Park Interest
    Updated: May 22
    Cooperative RV Park Interest

    TBD 24 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot
    1 Share in the cooperative associated with Lot #24 at Tower R.V. Resort
    Lot measures approximately 2000 Sq. Ft.
    Approximate lot dimensions: 35'-40' wide by 50'-60' Long
    Boat slip on the channel with access to the City of Tower and Pike Bay on Lake Vermillion
    City sewer and water on‑site
    View details
    RV Resort Cooperative Lot
    Updated: Feb 7
    RV Resort Cooperative Lot

    TBD 5 Lake Ave S, Tower, MN 55790

    $49,900
    0.05 AC lot
    One cooperative share tied to Lot #5 at Tower R.V. Resort
    Approximately 2,000 Sq./Ft. lot measuring about 35'-40' wide by 50'-60' long
    Boat slip on a channel with access to the City of Tower and Pike Bay
    City sewer and water on‑site
    50‑amp electrical hookup
    View details
    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 10 Potential Opportunities for your consideration. Besides 2 Active listings in Tower, 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.

    Quadplex with Detached Garages
    Quadplex with Detached Garages

    12 Linney St, Babbitt, MN 55706

    $425,000
    3,460 sqft

    Four rented apartments provide an established residential rental configuration with shared laundry.

    View details
    4-Unit Quadplex with Updated Systems
    4-Unit Quadplex with Updated Systems

    110 3rd Ave N, Biwabik, MN 55705

    $160,000
    2,200 sqft

    Mixed apartment layout with current long-term rental use, vacant units, and stated short-term rental flexibility.

    View details
    Updated Four-Unit Apartment Property
    Updated Four-Unit Apartment Property

    12 Linney St, Babbitt, MN 55706

    $425,000
    3,460 sqft

    Babbitt multifamily property with private and shared laundry, detached garages, and recent exterior improvements.

    View details
    Residential Income Property
    Residential Income Property

    6266 Giants Ridge Road #403, Biwabik, MN 55705

    Contact for pricing
    1,152 sqft

    A 1994-built residential property offers 1,152 square feet of interior space.

    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.

    Land For Sale
    Land For Sale

    80052 Tamarack Trl, Tower, MN 55790

    $162,500

    Land available on Lake Vermilion Reservation Road.

    View details
    Land For Sale
    Land For Sale

    80012 Conifer Crest, Tower, MN 55790

    $115,500

    Land available near Lake Vermilion.

    View details
    Vacant Land Near Lake Vermilion
    Vacant Land Near Lake Vermilion

    6501 Highway 169, Tower, MN 55790

    $39,950
    9.10 AC lot

    Vacant acreage along Hwy 169 with electricity available and recreational access near Lake Vermilion.

    View details
    Lake Vermilion Waterfront Land
    Lake Vermilion Waterfront Land

    Pine Narrows lot: 10, Tower, MN 55790

    $189,000
    6.00 AC lot

    6-acre waterfront land with 821 ft shoreline on Lake Vermilion.

    View details

    Tower, MN Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Tower, MN on our real estate platform.

    Sale prices for residential income properties in Tower, MN average $49,900 — 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

    Mobile home & RV parks 2
    Multifamily properties 2

    Demographics Overview

    Population 1,933
    Population Growth (5Y) -3.5%
    Median Household Income $74,732
    College Educated 46.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    55790 $49.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.45%
    Property Tax per SF $30.81 per SF
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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    Residential Income

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