101 7th Ave W Ave, Floodwood, MN 55736 (MLS # 6127016)

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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.

DAYS ON MARKET 15 LAST UPDATED 8/11/2026
YEAR BUILT 1965 COMMUNITY LSAR
COUNTY St. Louis County STATUS Active
PROPERTY TYPE(S) Multi Family

PRICE HISTORY
Prior to Aug 11, '26 $209,900
Aug 11, '26 - Today $205,900


ADDITIONAL DETAILS
AREA LSAR
BASEMENT Full, Yes
CONSTRUCTION Stucco
HEAT Forced Air
LOT DIMENSIONS 53x121
PARKING None
SEWER Public Sewer
STORIES 2
TAXES 3536
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
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*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 101 7TH AVE W AVE
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Listed with Michael Hoffman Realty

Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice.
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