For sale

$495,000

206 3rd St, Carlton, MN 55718

4beds

2baths

4,030sqft

Get pre-qualified

Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$123/sqft

$-- HOA

What's special

Off-street parkingTwo-story brick buildingTwo commercial storefronts

Exceptional mixed-use investment opportunity in Carlton! This two-story brick building offers six income-producing units, including two commercial storefronts and four residential apartments. Positioned on Main Street with high visibility and a strong traffic count, the property enjoys a central location in the heart of town and is just two blocks from the local bike trail. The upper residential units have access to a second-story rear deck, while off-street parking provides added convenience for tenants and visitors. A washer and dryer serves the two upper-level apartments. Situated on two lots, this property combines historic character with practical amenities and a diversified income stream. Whether you're expanding an existing portfolio or seeking your next investment property, this well-cared-for asset offers strong appeal and lasting value. Schedule a personal tour today!

8 days

268

13

Loading...

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Natural Gas

Appliances

Included: Water Heater - Gas
Laundry: 2nd Floor, Common Area

Features

Basement: Full,Partially Finished,Utility Room

Interior area

Total interior livable area: 4,030 sqft
Finished area above ground: 3,282
Finished area below ground: 748

Property

Parking

Parking features: Off Street, None
Has uncovered spaces: Yes

Features

Patio & porch: Deck
Has view: Yes
View description: City Lights

Lot

Size: 3,484 Square Feet
Dimensions: 75 x 50

Details

Parcel number: 150102140 and 150102160

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Poured Concrete
Foundation: Concrete Perimeter
Roof: Rubber

Condition

Previously Owned
Year built: 1930

Utilities & green energy

Electric: Minnesota Power
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Carlton

Financial & listing details

Price per square foot: $123/sqft
Tax assessed value: $239,200
Annual tax amount: $3,946
Date on market: 6/24/2026
Cumulative days on market: 9 days
Listing terms: Cash,Conventional
Tenant pays: Electricity

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/24/2026	Listed for sale	$495,000$123/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6126326 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,896 -1.7%	$239,200 +0.9%
2024	$3,964 +1%	$237,000
2023	$3,926 -13.6%	$237,000 +9.1%
2022	$4,546 +26.8%	$217,200 +12.3%
2021	$3,584 -1.2%	$193,400 +28.8%
2020	$3,628 +0.8%	$150,100 +1.7%
2018	$3,600	$147,600
2017	$3,600 -10%	$147,600
2016	$4,000 +3.8%	$147,600 +6.4%
2015	$3,854	$138,700
2014	$3,854	$138,700

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified