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For Sale:  Goodhue MLS# 7139243

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Active NEW!
$325,000
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1968
3,298 sqft • 0.23 acres
Goodhue schools
MLS# 7139243
763-576-8286
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    Property Description

    Excellent investment opportunity in Goodhue! This fully rented fourplex offers immediate income and established rental history, making it an attractive addition to any investment portfolio. The property features four rental units and provides consistent cash flow with all units currently occupied. Major recent improvements include five replacement windows completed in 2022 and a new boiler installed in 2025. A great opportunity to own an income-producing multifamily property with important capital improvements already completed.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $325,000
    Price per sq ft: $99
    Property Type: Multi-family
    City: Goodhue
    Garage Spaces: 0
    County: Goodhue
    Year Built: 1968
    State: MN
    Property Style: Fourplex
    Zip Code: 55027
    Subdivision Name: Davis 4th Ad

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,298 ft2
    Living Area: 3,298 ft2
    Refrigerators: Four
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Finished

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 0
    Foundation Size: 1,736 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    Parking Features: Asphalt
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material:
    • Block
    • Frame
    Roof Details: Asphalt

    Rooms

    Laundry:
    • In Basement
    • Laundry Room
    • Lower Level

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.23
    Geolocation: 44.400156, -92.630447
    Lot Dimensions: 70 x 142
    Lot Description:
    • Corner Lot
    • Tree Coverage - Light

    Schools

    School District: 253
    District Phone: 6519234447

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $696
    Annual Fuel Expense: $1,424
    Annual Insurance Expense: $5,979
    Annual Maintenance Expense: None
    Annual Trash Expense: $522
    Annual Water/Sewer Expense: $5,813

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $3,268
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,268

    Income

    Annual Gross Income: $39,200
    Misc. Annual Income: $1,000

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of MN WI Real Estate Hub.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.