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Cambridge, MN Multifamily Home for Sale

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    $359,900

    • 5 Beds
    • 3 Baths
    • 2,669 Sq Ft

    521 3rd Ave SW, Cambridge, MN 55008

    Don't miss this opportunity to own a prime investment property. This 3 unit rental property is well maintained and is located in the heart of Cambridge. This versatile property includes one cozy one bedroom unit and two spacious 2 bedroom units, perfect for attracting a variety of tenants. Ideal for investors seeking steady income or looking to rent out one unit while renting the others.

    Lisa Becker Realty ONE Group Choice

    521 3rd Ave SW, Cambridge, MN 55008

Why Live in Cambridge

Cambridge, Minnesota, known as the "City on the Rum River," is a small city in Isanti County with a population of approximately 10,500 residents spread across 8 square miles. The city offers a blend of historic homes dating back to the early 1900s and newer developments from the 2000s, including ranch-style and split-level homes. Cambridge boasts a variety of things to do, including shopping and dining along Main Street, where cafes, pizza joints, and florists create a vibrant downtown atmosphere. The GTI Theatre screens new movies, and seasonal farmers markets provide fresh produce and baked goods. Outdoor enthusiasts can explore over 15 public parks and nature preserves, featuring walking trails, ice rinks, and fishing piers along the Rum River. The city hosts community events like Winterfest with dog sleds and snow sculptures, and summertime Concerts in the Park and Street Dances that bring residents together. Cambridge is safer than the national average, with recent FBI data showing a significant decrease in property crimes. The Cambridge-Isanti Public School District serves the area, and additional educational opportunities are available at the Adult Enrichment Center and public library. Employment is supported by Cambridge Medical Center and local industrial parks, with easy commutes to Minneapolis 45 miles south via Highway 65.

Home Trends in Cambridge, MN

Housing Trends

Median Sale Price
$364,090
Median Single Family Sale Price
$359,900
Median Townhouse Sale Price
$225,000
Average Price Per Sq Ft
$205
Number of Homes for Sale
13
Last 12 months Home Sales
101
Months of Supply
1.50
Median List Price
$354,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
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