219 3rd Avenue, Bovey, MN 55709 (MLS# 7130322)

219 3rd Avenue, Bovey, MN 55709

New Listing

$190,000

Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 2,160 Lot Size (sq. ft.): 11,761 Status: Active

Current Price: $190,000 List Date: 8/19/2026 Last Modified: 8/20/2026

Overview

Description

Whether you're owner-occupying or buying an investment property, this is a unique opportunity that only comes around once in a while. This cash-flowing duplex is set on three city lots and has a massive three-stall garage for storage or more income potential! There are two units: Upstairs is a two-bedroom, one-bath with a big kitchen and a shared living room/dining area. The main floor is two-bedroom with a full bath and an eat-in kitchen. Currently the rents are $950 (up) and $1,000 (main), which is well under market rent for this area, especially when you consider that the solar panels supplement the majority of electricity the tenants use. The owner pays a flat $180 for sewer and water and the tenants pay the rest. There is an extra bathroom and kitchen area in the basement as well.

Listing Details MLS# 7130322

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1989
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 900
Above Ground SqFt: 1440
Below Grd Total SqFt: 720
Total SqFt: 2160
Foundation Size: 720
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1620.00
Garage Stalls: 3
Lot Dimensions: 95x125
Acres: 0.27
Assessment Pending: No
# Carport Spaces: 0

Property Features

Accessible: None Basement: Full Construction Materials: Timber/Post & Beam Construction Status: Previously Owned Electric: 200+ Amp Service; 60 Amp Service Exterior: Slate Fencing: Wire; Wood; Other Foundation: Stone Fuel: Electric; Natural Gas Heating: Baseboard; Forced Air Owner Pays: Exterior Maintenance; HVAC Maintenance; Lawn; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Electricity; Fuel Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor 3/4 Bath Unit 2 Appliances: Range; Refrigerator Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 190000
ListPrice: 190000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 219
Street Name: 3rd
Street Suffix: Avenue
Postal City: Bovey
County: Itasca
State: MN
Zip Code: 55709
Complex/Dev/Subdivision: Bovey

Assessments

Tax With Assessments: 1524
Assessment Balance: 0

Basement

Foundation Dimensions: 20x36
Full: Yes

More Information

Building Information

Finished SqFt Above Ground: 1620

Income and Expenses

Annual Electric Expense: 100
Annual Gross Expenses: 2560
Annual Gross Income: 23400
Annual Insurance Expense: 1800
Annual Net Income: 20840
Annual Trash Expense: 300
Annual Water/Sewer Expense: 2160
Total Annual Expenses: 2560
Annual Caretaker Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 27x30
Garage Square Feet: 840

Power Production

Power Production Type: Solar

Public Survey Info

Range#: 24
Section#: 32
Township#: 56

Unit 1

Furnished?: No
Lease Expiration Date: 2026-09-01
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 12000
Finished SqFt: 720
Full Baths: Yes
Monthly Expense: 90
Monthly Rent: 1000
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2026-09-01
Leased?: Yes
Level: 2nd Level
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 11400
Finished SqFt: 831
Monthly Expense: 90
Monthly Rent: 950
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 2

Office/Member Info

Association: ICBR

Location, Tax and Other Information

Legal Description: BOVEY ALL LOTS 22 - 24 & S 20FT OF LOT 25 BLK 7
Listing City: Bovey
Map Page: 999
Municipality: Bovey
School District: Greenway
School District Phone: 218-247-7306
Zip Plus 4: 2644
Property ID Number: 864100780
Tax Year: 2026
Tax Amount: 1524
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Whether you're owner-occupying or buying an investment property, this is a unique opportunity that only comes around once in a while. This cash-flowing duplex is set on three city lots and has a massive three-stall garage for storage or more income potential! There are two units: Upstairs is a two-bedroom, one-bath with a big kitchen and a shared living room/dining area. The main floor is two-bedroom with a full bath and an eat-in kitchen. Currently the rents are $950 (up) and $1,000 (main), which is well under market rent for this area, especially when you consider that the solar panels supplement the majority of electricity the tenants use. The owner pays a flat $180 for sewer and water and the tenants pay the rest. There is an extra bathroom and kitchen area in the basement as well.
Directions: From Hwy 169 turn North on 2nd Ave into Bovey, then Right on 3rd St then Left on 3rd Ave to address.

Accessible

None: Yes

Construction Materials

Timber/Post & Beam: Yes

Construction Status

Previously Owned: Yes

Electric

200+ Amp Service: Yes
60 Amp Service: Yes

Exterior

Slate: Yes

Fencing

Wire: Yes
Wood: Yes
Other: Yes

Foundation

Stone: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes
Forced Air: Yes

Owner Pays

Exterior Maintenance: Yes
HVAC Maintenance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Composite Decking: Yes
Front Porch: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Broadband: Yes
Electricity: Yes
Fuel: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor 3/4 Bath: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Listing Office: GRAND PROPERTIES REAL ESTATE

Last Updated: August - 20 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

219 3rd Avenue, Bovey, MN 55709 (MLS# 7130322)