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501 1st Street N, 
Virginia, MN 55792

$99,900


Bed


Bath


1,418

Sq Ft


Multi-Family

Active

Listed by

Kyle White

RE/MAX Advantage Plus

952-226-7700

Last updated:

April 2, 2025, 02:55 PM

MLS#

6690399

Source:

NSMLS

About This Home

501 1st Street N

Turnkey Duplex with Strong Cash Flow – 14.7% Cap Rate! This well-maintained property is a solid investment opportunity with excellent returns. The upper unit features a long-term tenant currently paying $860/month, with potential to increase rent for even greater cash flow. Both units are in good condition, offering clean, comfortable living spaces. The building includes a basement with storage and laundry facilities, and has proven to be very low maintenance over time. Similar 2-bedroom units in the area qualify for Section 8 rents of up to $1,100/month, providing additional income potential. A great addition to any investment portfolio!

Home Facts

Multi-Family

Built in 1904

Price Summary

99,900

$70 per Sq. Ft.

MLS #:

6690399

Last Updated:

April 2, 2025, 02:55 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

1,418 Sq. Ft.


Structure

Structure

Building Area:

1,818 Sq. Ft.

Year Built:

1904


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$99,900

Price per Sq. Ft:

$70 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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