305 Red River Ave S Cold Spring, MN 56320
Estimated payment $1,093/month
Highlights
- Corner Lot
- Front Porch
- Baseboard Heating
About This Home
Duplex Investment Opportunity in the Heart of Cold Spring
This corner-lot duplex offers two separate units—both currently leased on a month-to-month basis—making it an ideal opportunity for investors or owner-occupants. Live in one unit and rent out the other to help offset your cost of living, or continue leasing both for steady income. Zoned C-2 and located at a high-visibility intersection, this property also presents excellent potential for a variety of commercial uses. The stucco-sided building welcomes you with a charming front porch and sits on a lot with moderate tree coverage, offering a balance of privacy and visibility. The main-level unit features two bedrooms, a full bathroom, and convenient main-floor laundry. The upper-level unit includes three bedrooms, a full bathroom, and its own laundry area—perfect for rental income, multigenerational living, or flexible space usage. A detached two-stall garage adds valuable storage or workshop potential. Utilities include a natural gas boiler, a 50-gallon electric water heater, and a 100-amp breaker panel. With current property taxes at just $1,940 annually, this is a smart investment in a growing area. Don’t miss your chance to own a versatile, income-generating property in a prime Cold Spring location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,940
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 68x165x67x166
- Corner Lot
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,280 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Outdoor Features
- Front Porch
Utilities
- Baseboard Heating
- Radiant Heating System
Community Details
- 2 Units
- Townsite Of Cold Spring Subdivision
Listing and Financial Details
- The owner pays for electricity, gas, insurance, taxes
- Assessor Parcel Number 48299450000
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 | $1,940 | $168,500 | $38,400 | $130,100 |
| 2024 | $1,940 | $155,100 | $38,400 | $116,700 |
| 2023 | $1,518 | $126,600 | $38,400 | $88,200 |
| 2022 | $1,608 | $118,400 | $38,900 | $79,500 |
| 2021 | $1,600 | $118,400 | $38,900 | $79,500 |
| 2020 | $1,456 | $115,700 | $38,900 | $76,800 |
| 2019 | $1,412 | $103,800 | $35,000 | $68,800 |
| 2018 | $1,318 | $88,400 | $30,000 | $58,400 |
| 2017 | $1,154 | $111,900 | $25,000 | $86,900 |
| 2016 | $1,606 | $0 | $0 | $0 |
| 2015 | $1,638 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | Pending | -- | -- | -- |
| 08/18/2025 08/18/25 | For Sale | $174,900 | -- | $77 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $500 | None Listed On Document | |
| Warranty Deed | $109,000 | First American Title | |
| Deed | $77,000 | -- | |
| Foreclosure Deed | $441,000 | -- | |
| Deed | $140,000 | -- | |
| Deed | $94,000 | -- | |
| Deed | $109,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $108,000 | No Value Available |
Source: NorthstarMLS
MLS Number: 6771036
APN: 48.29945.0000
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