Property Details
Sale Price: $199,000
Year Built: 1911
Property Type: Multifamily/Duplex
Building Size: 2,400 SF
Gross Rent $23,682 yr
2025 Property Tax $4,228 yr
Water/Sewer $2,021 yr
Refuse $292 yr
Property Description
Residential duplex in Waite Park near parks, schools, and shopping centers. Upper unit is 3 bed, 1 bath; lower unit is 2 bed, 1 bath. Each unit has front and rear entrances, separate entries, washer and dryer, wall and window A/C units, and large square footage. Property includes off-street parking, maintenance shed, breaker panels, separate forced air heat, and separately metered gas and electric. Roof replaced in 2011.
Landlord pays Water/Sewer & Garbage, Tenant pays all other utilities.
Location Description
The property is located in a quiet residential neighborhood in Waite Park, MN, just minutes from parks, schools, and shopping centers. Nearby retailers include ALDI, The Home Depot, Starbucks, Dollar Tree, FedEx, and McDonald’s, with additional shopping options such as Audio Video Extremes, Best Buy, and Cash Wise in neighboring St. Cloud. The area is supported by major employers including CentraCare Health, the St. Cloud VA Health Care System, and St. Cloud Area School District #742. As detailed in the brochure, the surrounding area has a population of over 100,000 within five miles and strong average household incomes, contributing to consistent rental demand and long-term stability.
Highlights
Up/down duplex in quiet Waite Park neighborhood
Upper unit: 3 bed, 1 bath
Lower unit: 2 bed, 1 bath
Large square footage: 2,400 SF total
Washer and dryer in each unit
Separate front and rear entrances
Separately metered gas and electric
Separate forced-air heat systems
Breaker electrical panels
Wall and window A/C units
Off-street parking and maintenance shed
Roof replaced in 2011
Newer water heater
Centrally located in Waite Park near schools, parks, and shopping
Over 107,000 people within a 5-mile radius
Highest average household income: $78,744 (5-mile radius)
Highest average home value: $255,324 (3-mile radius)
Nearby retailers include Cash Wise Foods, Kwik Trip, Crossroads Center Mall, Scheels, Best Buy, Menards, Dunkin’, Starbucks, Aldi, and The Home Depot.
Major area employers include CentraCare Health, the St. Cloud VA Health Care System, St. Cloud Area School District #742, the City of St. Cloud, Electrolux/Home Products International (historically), and Stearns County Government.