1340 5th Ave S Saint Cloud, MN 56301
Southside NeighborhoodEstimated payment $2,135/month
Highlights
- Laundry closet
- Baseboard Heating
- Coin Laundry
About This Home
Exceptional investment opportunity offered as a package sale—two neighboring 4-plex buildings ideally located directly across from Herb Brooks National Hockey Center. This prime location is perfect for student housing with easy access to St. Cloud State University, downtown amenities, shopping, dining, and entertainment—all within walking distance. Conveniently situated on the bus line for added renter appeal. Each 4-plex features spacious 2-bedroom, 1-bath units, offering consistent rental demand and strong income potential. Tenants benefit from on-site coin-operated laundry, shared paved parking between the buildings, and a total of 6 off-street parking spaces per building. Property highlights include low-maintenance siding, updated windows, newer countertops, and electric heat with individual water heaters. Roofs were replaced approximately in 2010. A rare opportunity to acquire a well-located, income-producing multi-family package in a high-demand rental area—ideal for both seasoned investors and those looking to expand their portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,482
Year Built
- Built in 1982
Parking
- Parking Lot
Home Design
- Architectural Shingle Roof
Interior Spaces
- 3,708 Sq Ft Home
- 2-Story Property
- Laundry closet
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Additional Features
- Lot Dimensions are 110x132
- Baseboard Heating
Listing and Financial Details
- The owner pays for common area maintenance, exterior maintenance, HVAC maintenance, insurance, grounds care, repairs, roof maintenance, sewer, snow removal, taxes, water
- Assessor Parcel Number 82446790004
Community Details
Overview
- 4 Units
- Brott & Smiths Add Subdivision
Amenities
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,514 | $302,000 | $40,000 | $262,000 |
| 2024 | $4,514 | $273,800 | $40,000 | $233,800 |
| 2023 | $3,152 | $257,400 | $40,000 | $217,400 |
| 2022 | $3,194 | $180,000 | $40,000 | $140,000 |
| 2021 | $3,354 | $180,000 | $40,000 | $140,000 |
| 2020 | $1,518 | $180,000 | $40,000 | $140,000 |
| 2019 | $2,790 | $150,000 | $40,000 | $110,000 |
| 2018 | $2,824 | $150,000 | $40,000 | $110,000 |
| 2017 | $2,862 | $150,000 | $40,000 | $110,000 |
| 2016 | $2,746 | $0 | $0 | $0 |
| 2015 | $2,810 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2026 03/30/26 | Price Changed | $329,900 | -5.7% | $89 / Sq Ft |
| 03/24/2026 03/24/26 | For Sale | $350,000 | -- | $94 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7036091
APN: 82-44679-0004
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.