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For Sale:  Owatonna MLS# 7142534

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Active
$255,000
/mo Edit
Multi-family:  Duplex Side by Side
5 br • 4 ba • Built 1900
2,894 sqft • 0.394 acres
Owatonna schools
MLS# 7142534
763-576-8286
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    Property Description

    Looking for a way to own a home while generating rental income? Welcome to 1028 S Cedar Ave in Owatonna! This side-by-side duplex offers a great opportunity for both owner occupants and investors. Unit 1 features 2 bedrooms and 2 bathrooms, with the upstairs recently fully renovated. Unit 2 offers 3 bedrooms and 2 bathrooms with plenty of living space throughout. The property is currently owner occupied on one side with a tenant in the other, making it a great option to live in one unit while generating rental income from the other, or rent out both units as an investment property. Each unit has separate utilities, laundry, and additional basement space. Outside, you'll find a large yard and detached 2-car garage. Conveniently located close to every day essentials and downtown Owatonna, this property offers plenty of flexibility for its next owner. Schedule your showing today!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $255,000
    Price per sq ft: $88
    Property Type: Multi-family
    City: Owatonna
    Garage Spaces: 2
    County: Steele
    Year Built: 1900
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55060

    Interior

    Bedrooms: 5
    Bathrooms: 4
    Finished Area: 2,894 ft2
    Living Area: 2,894 ft2
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 24x30
    Garage Size: 720 ft2
    Foundation Size: 1,003 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Detached Garage
    • Gravel
    • Shared Driveway

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.394
    Geolocation: 44.074431, -93.226479
    Lot Dimensions: 99 x 167
    Zoning: Residential-Multi-Family

    Schools

    School District: 761
    District Phone: 5074448610

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: $436
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities, Trash Collection

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $4,802
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,802

    Income

    Annual Gross Income: $12,000

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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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    Listing provided by RMLS, courtesy of Re/Max Advantage Plus.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.