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$290,000

For Sale

2 months ago

305 N Van Buren Ave, Springfield, MN

House

MLS® 7129280

6 Bed

4 Bath

2400 sqft

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2400 sqft
Garage Yes
Taxes $3,010
Days Active 51
Lot Size 0.351 Acres
Approx. Age 1970
Avg. Price Per Sqft $120
MLS® Number 7129280

Property Address: 305 N Van Buren Ave, Springfield, MN, 56087-1546

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity in Springfield, Minnesota! This well-maintained four-unit apartment building offers a strong combination of current rental income, multiple unit configurations, garage space, and significant potential for increased revenue. The property features two one-bedroom apartments and two two-bedroom apartments, with all four units currently occupied, providing an established income stream from day one. A major advantage of this property is the four detached garage stalls. With thoughtful restructuring of the garage spaces and a review of how the garage and rental spaces are utilized, there is substantial upside potential to increase monthly revenue. A new owner may have the opportunity to better allocate or separately rent garage space and make adjustments to the existing rental structure, creating additional income beyond what the current rates are. The property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking. This is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside. Owner is a Minnesota licensed Real Estate agent.
MLS® Number7129280
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1970
BasementFinished
DrivewayDetached Garage, Gravel, Multiple Garages, Parking Lot
Garage Spaces
HeatBaseboard, Boiler
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 18, 2026List Date
$290,000List Price
  • Commute

Commute

Starting Address
Destination Address
305 N Van Buren Ave, Springfield, MN

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