705 2nd Avenue SW, Pine City, MN 55063 (MLS# 7131125)

705 2nd Avenue SW, Pine City, MN 55063

$250,000
Property Type: Multi-Family Bedrooms: 5 Baths: 3 Square Footage: 2,329 Lot Size (sq. ft.): 15,246 Status: Active
Current Price: $250,000 List Date: 10/09/2026 Last Modified: 10/15/2026

Overview

Description

Fantastic opportunity for homeowners and investors alike! Situated on a corner lot in a desirable Pine City location, this duplex offers two separate living units, each with its own private entrance. One unit features 2 bedrooms and 1 bathroom, while the other offers 3 bedrooms and 2 bathrooms. Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the other, or explore multigenerational living, this property offers great flexibility. With one tenant currently in place, there's an opportunity for immediate rental income. Conveniently located near local amenities, this property offers plenty of possibilities!

Listing Details MLS# 7131125

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1895
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1344
Above Ground SqFt
2329
Total SqFt
2329
Foundation Size
1344
Style
(MF) Duplex Side X Side
Total Finished Sqft
2329.00
Garage Stalls
2
Lot Dimensions
102x150
Acres
0.35
Assessment Pending
Unknown

Property Features

Accessible: None Amenities Shared: Porch Basement: Full; Unfinished Construction Status: Previously Owned Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lot Description: Corner Lot Owner Pays: Insurance; Lawn; Sewer; Taxes; Water Parking Characteristics: Driveway - Shared; Units Vary Pool Description: None Road Frontage: City Street; Curbs; Paved Streets Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Fuel; Lawn; Snow Removal; Trash Collection Unit 1 Amenities: Kitchen Window; Porch; Washer/Dryer Hookup Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Upper Level Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Informal Dining Room Unit 2 Amenities: Kitchen Window; Porch; Washer/Dryer Hookup Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Bath Description: Main Floor 3/4 Bath; Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Informal Dining Room Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
260000
ListPrice
250000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
705
Street Name
2nd
Street Suffix
Avenue
Street Direction Suffix
SW
Postal City
Pine City
County
Pine
State
MN
Zip Code
55063

Assessments

Tax With Assessments
3718

Building Information

Finished SqFt Above Ground
2329

More Information

Income and Expenses

Annual Gross Expenses
8215
Annual Gross Income
21000
Annual Insurance Expense
1617.45
Annual Maintenance Expense
1200
Annual Repair Expense
500
Annual Water/Sewer Expense
1440
Total Annual Expenses
8215

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
240

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Finished SqFt
1086
Full Baths
Yes
No. of Units Like This
Yes
Oth Parking Spaces
2
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 2

Furnished?
No
Leased?
No
Unit Number
2
3/4 Baths
Yes
Finished SqFt
1243
Full Baths
Yes
No. of Units Like This
Yes
Oth Parking Spaces
3
Total Baths
2
Total Bedrooms
3
Total Rooms
6

Unit Details

Total Units
2
IDX
Listing Office: LPT Realty, LLC
Last Updated: October - 15 - 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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