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Milaca, MN Multifamily Home for Sale

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    $340,000

    $20K PRICE DROP
    • 5 Beds
    • 2 Baths
    • 2,076 Sq Ft

    345 2nd Ave SW, Milaca, MN 56353

    Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit. With the upper lease in place through 2026 and the lower unit lease in place through mid June 2027, providing immediate and stable income. Recent updates in both units include painted

    Samantha Severson RE/MAX Advantage Plus

    345 2nd Ave SW, Milaca, MN 56353

Why Live in Milaca

Milaca, MN, a small city of about 3,000 residents, is nestled along the Rum River and offers a blend of outdoor recreation and a strong sense of community. The Milaca Public School District serves around 1,600 students and is known for its high school’s concurrent enrollment options with Pine Technical and Community College. Outdoor enthusiasts will find plenty of things to do, with over 12 miles of trails for hiking, running, mountain biking, and cross-country skiing, as well as snowmobiling in winter. Rec Park is a community hub featuring a splash pad, ball fields, hockey and skating rinks, and an amphitheater. Stones Throw Golf Course offers scenic views along the Rum River. Milaca’s housing market includes early 20th-century farmhouses and New Traditional builds, with homes typically priced between $200,000 and $400,000. The city is conveniently located at the intersection of U.S. Highway 169 and Minnesota Highway 23, making it accessible for commuters. Local dining options include Coffee Corner, The Bee Caffe, Pizza Central, and Rough-Cut Grill and Bar. Milaca Meats provides fresh cuts and homemade sausage, while Teal’s Market caters to everyday grocery needs. Annual events like the Milaca Rhythm on the Rum Parade and Runnin’ in the Ruff run add to the community spirit. The city is about 30 minutes from Mille Lacs Lake and State Park, offering additional recreational opportunities.

Home Price Trends

Median Sale Price
$255,500
Median Single Family Sale Price
$251,500
Median Townhouse Sale Price
$225,000
Median 2 Bedroom Sale Price
$225,500
Median 1 Bedroom Sale Price
$425,000
Average Price Per Sq Ft
$163
Number of Homes for Sale
16
Last 12 months Home Sales
56
Months of Supply
3.40
Median List Price
$251,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%
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