Investment Opportunity! Multifamily property sits on 2.76 acres with proper zoning already in place. There is plenty of room for an additional building with proper approval from the city. 1.5 miles from the college in Staples, this property has 3 apartments, 9 total bedrooms and currently rents out by the room.The home is on the housing list at Central Lakes College and fills up quickly on orientation day. 26'x32' shed on the property is rented out for additional revenue. The seller has provided all financials. Agent is related to seller and is licensed under the state if MN.
Sold for $365,000
$365,000
1320 8th St NE, Staples, MN 56479
0beds
0baths
3,374sqft
SingleFamily
Built in 1967
2.76 Acres Lot
$345,000 Zestimate®
$108/sqft
$1,416 Estimated rent
Home value
$345,000
$304,000 - $383,000
$1,416/mo
Zestimate® history
Owner options
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$2,262/mo
Est. payment
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$2,262/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Baseboard, Forced air, Heat pump, Solar
Features
- Basement: Finished
Interior area
- Total interior livable area: 3,374 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Detached
Features
- Exterior features: Vinyl
Lot
- Size: 2.76 Acres
Details
- Parcel number: 200364040
- Zoning: Residential-Multi-Family
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1967
Utilities & green energy
- Sewer: City Sewer/Connected
Community & neighborhood
Location
- Region: Staples
Other
Other facts
- AmenitiesShared: Patio, Deck, Other
- Exterior: Vinyl
- Basement: Walkout, Finished (Livable), Concrete Block, Egress Windows, Owner Access
- GarageDescription: Detached Garage, Driveway - Gravel, Driveway - Asphalt, More Parking Onsite for Fee, Gravel Lot, Paved Lot, Off Site
- CONSTRUCTIONSTATUS: Previously Owned
- Fuel: Electric, Natural Gas
- HeatingDescription: Baseboard, Forced Air, Heat Pump
- PresentUse: Yearly
- Sewer: City Sewer/Connected
- Status: Active
- Water: City Water/Connected, Sand Point
- Roof: Asphalt Shingles
- Zoning: Residential-Multi-Family
- FrontageFeet: City, Street Lights, Storm Sewer
- SharedRooms: Other
- TaxYear: 2020.00
- LotSizeUnits: Acres
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2025 | Sold | $365,000+17.7%$108/sqft |
Source: Public Record Report a problem | ||
| 12/14/2020 | Listing removed | $310,000$92/sqft |
Source: Brainerd - WEICHERT, REALTORS - Tower Properties #5655799 Report a problem | ||
| 10/7/2020 | Price change | $310,000-8.6%$92/sqft |
Source: Brainerd - WEICHERT, REALTORS - Tower Properties #5655799 Report a problem | ||
| 9/10/2020 | Listed for sale | $339,000+13.4%$100/sqft |
Source: Weichert REALTORS Tower Properties #5655799 Report a problem | ||
| 11/10/2016 | Listing removed | $299,000$89/sqft |
Source: RE/MAX Lakes Area Realty #4660809 Report a problem | ||
| 11/11/2015 | Listed for sale | $299,000+57.4%$89/sqft |
Source: RE/MAX Lakes Area Realty #4660809 Report a problem | ||
| 8/8/2006 | Sold | $190,000+111.1%$56/sqft |
Source: Public Record Report a problem | ||
| 10/12/2005 | Sold | $90,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,144 -4.5% | $377,400 -0.1% |
| 2024 | $5,386 +11.9% | $377,600 -0.8% |
| 2023 | $4,812 -2.4% | $380,500 +33.4% |
| 2022 | $4,930 +15.7% | $285,300 +14.5% |
| 2021 | $4,260 +2.8% | $249,100 +5.8% |
| 2020 | $4,142 +4.5% | $235,500 +17.3% |
| 2018 | $3,962 -5.8% | $200,800 +7.1% |
| 2017 | $4,204 +1.9% | $187,500 -4% |
| 2016 | $4,124 +6.1% | $195,216 |
| 2015 | $3,888 | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56479
Nearby schools
GreatSchools rating
- 6/10Staples Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 4/10Motley-Staples Middle SchoolGrades: 5-8Distance: 0.9 mi
- 7/10Staples-Motley Senior High SchoolGrades: 9-12Distance: 0.9 mi
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$345,000
2% more
+$6,900
With Zillow Showcase(estimated)
$351,900
- Minnesota
- Wadena County
- Staples
- 56479
- 1320 8th St NE
Nearby cities
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