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101 7th Ave W, 
Floodwood, MN 55736

$205,900

6

Beds

5

Baths

3,120

Sq Ft

Multi-Family

Active

Listed by

Michael Hoffman

Michael Hoffman Realty

Last updated:

September 8, 2026, 03:56 PM

MLS#

6127016

Source:

MN DAAR

About This Home

101 7th Ave W

Awesome 4-plex on the main drag in Floodwood with freshly painted exterior and basement! Investor opportunity! Fully occupied four-unit apartment building with a strong rental history and excellent income potential. Current scheduled gross rents total $3,700 per month ($44,400 annually). Historical operating expenses indicate an estimated Net Operating Income (NOI) of approximately $33,449 per year, resulting in an estimated 15.9% cap rate at the current asking price. Estimated cash flow analysis and income/expense summary are available upon request. One long-term tenant is currently paying below-market rent, providing additional upside potential for future income growth. Buyer to verify all financial information. The selling entity is owned by two licensed real estate professionals.

Home Facts

Multi-Family

5 Baths

6 Bedrooms

Built in 1965

Price Summary

205,900

$65 per Sq. Ft.

MLS #:

6127016

Last Updated:

September 8, 2026, 03:56 PM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

5

Interior

Living Area:

3,120 Sq. Ft.

Structure

Structure

Building Area:

3,120 Sq. Ft.

Year Built:

1965

Finances & Disclosures

Finances

Price:

$205,900

Price per Sq. Ft:

$65 per Sq. Ft.

Source:MN DAAR
2026, Lake Superior Area REALTORS, Inc.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.