608 3rd Ave NW Dodge Center, MN 55927
Estimated payment $1,904/month
Highlights
- Deck
- 1-Story Property
- Forced Air Heating System
About This Home
Fantastic investment opportunity! This well-maintained fourplex offers four 1-bedroom, 1-bath units-all fully rented. The property provides strong cash flow and meets the 1% rule, making it an excellent addition to any investor's portfolio. Update include newer flooring in the basement units. Each side of the building offers shared laundry, and utilities are split per side for simple management. Conveniently located with easy access to the highway, tenants enjoy both comfort and accessibility. With a history of steady occupancy, this property is income-producing from day one.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,032
Year Built
- Built in 1948
Parking
- 2 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Additional Features
- Deck
- Lot Dimensions are 195x120
- Forced Air Heating System
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 220342408
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 | $3,060 | $196,900 | $28,900 | $168,000 |
| 2024 | $2,848 | $177,300 | $28,900 | $148,400 |
| 2023 | $2,994 | $165,400 | $28,900 | $136,500 |
| 2022 | $2,944 | $165,400 | $28,900 | $136,500 |
| 2021 | $2,730 | $138,000 | $28,900 | $109,100 |
| 2020 | $2,410 | $127,400 | $24,100 | $103,300 |
| 2019 | $2,156 | $108,300 | $24,100 | $84,200 |
| 2018 | $2,144 | $100,400 | $24,100 | $76,300 |
| 2017 | $2,004 | $98,800 | $24,100 | $74,700 |
| 2016 | $1,254 | $92,300 | $24,100 | $68,200 |
| 2015 | $1,182 | $97,600 | $24,100 | $73,500 |
| 2014 | $1,072 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/02/2025 10/02/25 | For Sale | $310,000 | -- | $126 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $190,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | $190,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $152,000 | New Conventional | |
| Closed | $189,500 | No Value Available |
Source: NorthstarMLS
MLS Number: 6798274
APN: 22.034.2408
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