$325,000
Stephen, MN 56757
MLS# 7048465
Status: Closed
5000 sqft
1 / 12
Property Description
Got Rent? Come have a look at this great opportunity in Stephen MN. The property has been renovated to a high level, offers solid income with a strong cap rate. This is one you may want to consider adding to your income stream portfolio as it offers a steady income with a history of low turnover and high occupancy since current owner has taken over! The building features 7 1-bedroom units as well as 1 2-bedroom unit, coin operated laundry and units are metered separately. If you are an investor looking to grow your empire you'll want to take a closer look at this one. Give us a call for additional information.
Details
Contract Information
Status: Closed
Off Market Date: 2026-09-30
Current Price: $325,000
Closed Date: 2026-10-16
Sales Close Price: 325000
Contingency: None
ListPrice: 369900
List Date: 2026-04-03
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1995
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 5000
Garage Stalls: 1
For Sale or Lease: For Sale
Acres: 1.36
Lot Dimensions: 220X330
Assessment Pending: No
Assessments
Tax With Assessments: 2188
Basement
Foundation Dimensions: 50X100
Building Information
Building Finished SqFt: 5000
Building SqFt: 5000
Ceiling Height: 8-10
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 16X20
Sale Options
Sale Includes: Building, Leases
Unit 1
No. of 1 Bedroom Units: 7
Unit Details
Total Units: 8
Unit 2
No. of 2 Bedroom Units: 8
Location Tax and Other Information
House Number: 630
Street Name: Manila
Street Suffix: Street
Postal City: Stephen
County: Marshall
State: MN
Zip Code: 56757
Complex/Dev/Subdivision: Auditors Sub
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Basement: None
CMU Style: Apartments and Retail
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Residential
Exterior: Vinyl
Financing Terms: Cash
Foundation: Slab
Fuel: Electric
Heating: Baseboard; Forced Air
Lot Description: Tree Coverage - Light
On Site Utilities: Electric Separate
Parking Characteristics: Parking Lot
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years
Sewer: City Sewer/Connected
Stories: One
Water: City Water/Connected
Listing Office: Tru North Realty
Last Updated: October - 19 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.