See all 84 photos
84 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$329,900
Est. payment /mo
8 Beds
4 Baths
4,464 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,464 sqft
Price per Sqft $73
Subdivision Tower
MLS Listing ID 7046763
Bedrooms 8
Year Built 1982
Annual Tax Amount $758
Tax Year 2025
Contingent None
Lot Size 6,969 Sqft
Lot Dimensions 140x50
Property Sub-Type Fourplex
Property Description
Exceptional turn-key 4-plex opportunity in the heart of Tower, MN — just one block from beautiful Lake Vermilion. Whether you're an investor looking for strong cash flow or a first-time home buyer wanting tenants to help pay the mortgage, this property offers endless potential.
The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases.
Located in one of northern Minnesota's premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm.
Additional opportunity available with a neighboring commercial lot that may be purchased together or separately.
Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.
The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases.
Located in one of northern Minnesota's premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm.
Additional opportunity available with a neighboring commercial lot that may be purchased together or separately.
Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.
Location
State MN
County St. Louis
Zoning Residential-Single Family
Rooms
Basement None
Interior
Heating Boiler
Fireplace No
Laundry Other
Exterior
Parking Features Gravel, Off Site, On-Street Parking Only
Building
Story Two
Foundation 2979
Sewer City Sewer - In Street
Water City Water - In Street
Level or Stories Two
Structure Type Block,Concrete,Frame
New Construction false
Schools
School District St. Louis County
Read Less Info
Listed by Chessica Olson • Anchor Realty
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION