157 10th Ave N - Apartments FOR SALE


Waite Park, MN 56387
$219,000 USD
320-282-2042
157 10th Ave N, Waite Park, MN for Sale
$219,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

157 10th Ave N
Waite Park, MN 56387


HIGHLIGHTS

  • Newer Roof
  • Great Parking
  • Close to Parks
  • In-Unit Washer & Dryer
  • Breaker Panel
  • Newer Water Heater

OVERVIEW

Property Details Sale Price: $219,000 Year Built: 1902 Property Type: Multifamily/Duplex Building Size: 2,244 SF Gross Rent $26,940 yr 2025 Property Tax $4,306 yr Water/Sewer $875 yr Refuse $292 yr Property Description This up-and-down duplex is located in a quiet Waite Park neighborhood near parks, schools, and shopping centers. It features a 2-bedroom, 1-bath lower unit and a 3-bedroom, 1-bath upper unit, each with private entrances, in-unit laundry, and separate utilities. The upper unit is heated with forced air, while the lower unit uses electric baseboard heat. Both units are served by breaker electric panels. The property includes off-street parking and a detached garage, with one stall currently rented and included in the gross rent. The property has undergone several recent updates, including interior upgrades and major mechanical replacements. With a total of 2,244 square feet on a 0.13-acre lot and strong rental income, this duplex offers a solid opportunity for both investors and owner-occupants. Landlord pays Water/Sewer & Garbage, Tenant pays all other utilities. One of two garage stalls is rented and is included in the gross rent total. 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-and-down duplex in a quiet Waite Park neighborhood Upper unit: 3 bedrooms, 1 bath Lower unit: 2 bedrooms, 1 bath Private front and rear entrances for each unit In-unit washers and dryers Breaker electric panels Upper unit: forced air heat Lower unit: electric baseboard heat Tenants pay all utilities except water, sewer, and garbage Off-street parking Large detached garage; one stall rented and included in gross rent 2010: House roof replaced (per city permit) 2021: Garage roof replaced (per city permit) 2023: Lower unit – new dryer, full carpet replacement, full interior repaint 2024: Upper unit – new A/C unit, new carpet in loft and stairs, full interior repaint 2025: Lower unit – new range 2025: Upper unit – new water heater 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.

FOR SALE DETAILS

PRICE

$219,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

2

PRICE/UNIT

$109,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,492 SF

ZONING

-

APN/PARCEL ID

98.61095.0000

ASK ABOUT THIS PROPERTY

Tom SanquistSVN | GC Real EstateMore Info
320-282-2042

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Tom SanquistSVN | GC Real EstateMore Info
320-282-2042

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.