Sold: Waseca MLS# 7022492
Sold
$340,000 (list price)
$300,000
Multi-family: Apartments
1 br • 1 ba • Built 1910
3,760 sqft • 0.395 acres
Waseca schools
MLS# 7022492
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Property Description
Well-Maintained 5-Plex Investment Opportunity Solid and well-cared-for 5-plex offering strong income potential and valuable updatesthroughout. Each unit is supported by 5 dedicated garage spaces, a rare and desirable feature for tenants. Recent improvements include a new waterheater, updated furnaces, a flat roof, and paint & carpet, helping reduce future maintenance costs and providing peace of mind for the next owner. Theproperty also features basement storage for tenants and a washer & dryer provided, adding convenience and appeal. Whether you’re expanding yourportfolio or looking for a stable multi-family investment, this property checks all the boxes with updates, amenities, and long-term value.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$340,000
Sold Price:
$300,000
Sold Date:
03/20/2026
Price per sq ft:
$90
Property Type:
Multi-family
City:
Waseca
Garage Spaces:
5
County:
Waseca
Year Built:
1910
State:
MN
Property Style:
Apartments
Zip Code:
56093
Subdivision Name:
Lakeside Add
Interior
Bedrooms:
1
Bathrooms:
1
Finished Area:
3,760 ft2
Living Area:
3,760 ft2
Basement Details:
Partial
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
5
Garage Size:
576 ft2
Foundation Size:
1,880 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Lot & Land
Acres:
0.395
Geolocation:
44.079593, -93.496486
Lot Dimensions:
92 x 140
Zoning:
Residential-Multi-Family
Schools
School District:
829
District Phone:
5078352500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,520
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,429
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,560
Income
Annual Gross Income:
$39,000
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
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Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.