217 5th St S Breckenridge, MN 56520
Estimated payment $768/month
About This Home
Investment opportunity knocks! This four-plex meets the 1% rule, making it a great addition to any portfolio. Each unit is a one-bedroom, one-bath, with a four-stall detached garage. Currently managed by a rental property management company, all utilities (except electric) are included in rent. Rents are currently below market, and the new owner could boost revenue by charging for garage parking and utilities. The basement offers shared storage and potential for coin laundry. Don’t miss this value-add opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,540
Year Built
- Built in 1888
Parking
- 4 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 2,980 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- Lot Dimensions are 66x133
- Boiler Heating System
Listing and Financial Details
- The owner pays for gas, repairs, sewer, snow removal, taxes, trash collection
- Assessor Parcel Number 230501055
Community Details
Overview
- 4 Units
- City Breckenridge Subdivision
Amenities
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Price Changed | $114,900 | -9.5% | $39 / Sq Ft |
| 04/01/2025 04/01/25 | Price Changed | $126,900 | -7.3% | $43 / Sq Ft |
| 03/06/2025 03/06/25 | Price Changed | $136,900 | -6.8% | $46 / Sq Ft |
| 02/11/2025 02/11/25 | For Sale | $146,900 | +63.2% | $49 / Sq Ft |
| 11/28/2023 11/28/23 | Sold | $90,000 | 0.0% | $38 / Sq Ft |
| 10/29/2023 10/29/23 | Pending | -- | -- | -- |
| 09/04/2023 09/04/23 | For Sale | $90,000 | -- | $38 / Sq Ft |
Source: NorthstarMLS
MLS Number: 6658160
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