Closed

$200,000

601 2nd Ave NW, Waseca, MN 56093

4beds

4baths

2,316sqft

Fourplex

Built in 1900

-- sqft lot

$-- Zestimate^®

$86/sqft

$1,895 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,895/mo

Zestimate^® history

Owner options

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$1,267/mo

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$1,267/mo

Est. payment

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What's special

Excellent Investment Opportunity – 4-Plex with Strong Rental Potential Unlock consistent cash flow with this well-maintained 4-plex featuring four spacious 1-bedroom, 1-bath units. Each unit offers functional layouts, full kitchens, and comfortable living spaces—ideal for attracting long-term tenants. Recent updates include a newer roof and siding, reducing future maintenance costs and adding curb appeal. Tenants enjoy the convenience of separate utilities, with all units individually metered for electric and gas, which the tenants pay. Located in a desirable area with solid rental demand, this fully occupied property is perfect for both new and seasoned investors looking to expand their portfolio. Don’t miss out on this turnkey opportunity—schedule your showing today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Baseboard, Forced Air

Features

Basement: Block

Interior area

Total structure area: 2,316
Total interior livable area: 2,316 sqft
Finished area above ground: 1,544
Finished area below ground: 772

Property

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 6,882 Square Feet
Dimensions: 50 x 138

Details

Foundation area: 772
Parcel number: 174530520

Construction

Type & style

Home type: MultiFamily
Property subtype: Fourplex

Materials

Roof: Age 8 Years or Less,Asphalt

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Mcnamaras Add

Location

Region: Waseca

Financial & listing details

Price per square foot: $86/sqft
Tax assessed value: $120,900
Annual tax amount: $2,316
Date on market: 4/24/2026
Cumulative days on market: 2 days
Tenant pays: All Utilities

Price history

Date	Event	Price
8/25/2025	Sold	$200,000-9%$86/sqft
Source: NorthstarMLS as distributed by MLS GRID #6767075 Report a problem
8/5/2025	Listed for sale	$219,900$95/sqft
Source: RASM #7038247 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,316 +5.4%	$120,900 +5.9%
2024	$2,198 -1.5%	$114,200 +4%
2023	$2,232 +0.6%	$109,800 +30.6%
2022	$2,218 +7.5%	$84,100 +8%
2021	$2,064 +3.4%	$77,900 +5%
2020	$1,996 +85.2%	$74,200
2019	$1,078 -40.8%	$74,200 +10.7%
2018	$1,822 +16.2%	$67,000
2017	$1,568	$67,000 +5.8%
2016	--	$63,300 +2.8%
2015	--	$61,600 -13.2%
2012	--	$71,000 -7.1%
2011	--	$76,400 +3.4%
2010	--	$73,900