320 7th Avenue S, Saint Cloud, MN 56301 (MLS# 7041157)

320 7th Avenue S, Saint Cloud, MN 56301

$885,000
Property Type: Commercial Square Footage: 10,656 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $885,000 List Date: 3/25/2026 Last Modified: 9/25/2026

Overview

Description

Turnkey 15-unit investment opportunity in a high-demand rental location near St. Cloud State University, Lake George, and downtown amenities. This four-level building consists entirely of 1-bedroom, 1-bath units—an efficient unit mix that supports strong occupancy and consistent cash flow. Designed for ease of ownership, the property features a low-maintenance stucco exterior, on-site laundry for additional income potential, off-street paved parking, new shingles (June 2026), and dedicated landlord storage space. Its walkable location and proximity to transit and campus amenities make it highly attractive to tenants, helping minimize vacancy risk. With stable rental demand, value-add potential, and operational efficiencies already in place, this asset presents an excellent opportunity for investors seeking reliable returns and long-term appreciation. Schedule your private tour to explore this income-producing opportunity.

Listing Details MLS# 7041157

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
8
Owner Occupied
No
Waterfront YN
No
Year Built
1947
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
2664
For Sale or Lease
For Sale
Acres
0.17
Lot Dimensions
55x132
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: None Amenities Shared: Coin-op Laundry Owned Appliances: Dishwasher; Range; Refrigerator Basement: Concrete Block CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler; Hot Water Loan Terms: Cash; Conventional; Other Lot Description: Public Transit (w/in 6 blks) On Site Utilities: Electric Separate; Heating Common; Heating Separate; Hot Water Common Parking Characteristics: Paved Lot Rental License Type: Standard Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
885000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
320
Street Name
7th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Saint Cloud
County
Stearns
State
MN
Zip Code
56301

Assessments

Tax With Assessments
10036

Building Information

Building Finished SqFt
10656
Building SqFt
10656

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
28
Section#
14
Township#
124

Sale Options

Sale Includes
Building, Fixture/Equipment

Unit 1

No. of 1 Bedroom Units
15

Unit Details

Total Units
15
IDX
Listing Office: Coldwell Banker Realty
Last Updated: September - 25 - 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.
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