805 S Cedar Avenue, Owatonna, MN 55060 (MLS# 7106242)

805 S Cedar Avenue, Owatonna, MN 55060

$399,900
Property Type: Commercial Bedrooms: 9 Baths: 6 Lot Size (sq. ft.): 13,068 Status: Active
Current Price: $399,900 List Date: 8/10/2026 Last Modified: 9/16/2026

Overview

Description

Don't miss this opportunity to acquire a six-unit apartment building in Owatonna. This well-maintained property offers stable in-place cash flow and has seen numerous recent capital improvements. Recent Property Updates include new flooring throughout many units, fresh interior paint, all bathrooms updated, newer boiler system. 6 Residential Units with 5 of them currently occupied. Working on getting the 6th unity filled. Tenants pay electricity; landlord pays gas and water/sewer. Need 24 hour notice for all showings.

Listing Details MLS# 7106242

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1896
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
1057
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.3
Lot Dimensions
common
Assessment Pending
No

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Other Foundation: Stone Fuel: Natural Gas Heating: Forced Air On Site Utilities: None Available Sewer: City Sewer/Connected Water: City Water - In Street

Contract Information

Contingency
None
ListPrice
399900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
805
Street Direction Prefix
S
Street Name
Cedar
Street Suffix
Avenue
Postal City
Owatonna
County
Steele
State
MN
Zip Code
55060
Complex/Dev/Subdivision
Phelps Add

Assessments

Tax With Assessments
5474

Building Information

Building Finished SqFt
3534

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
560

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Monthly Rent
1010
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Leased?
Yes
Lease Expiration Date
2026-10-20

Unit 2

Full Baths
Yes
Lease Expiration Date
2027-05-31
Leased?
Yes
Monthly Rent
1030
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
2

Unit 3

Full Baths
Yes
Leased?
No
Monthly Rent
1250
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
3

Unit 4

Full Baths
Yes
Lease Expiration Date
2027-02-27
Leased?
Yes
Monthly Rent
950
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
4

Unit 5

Full Baths
Yes
Lease Expiration Date
2026-09-30
Leased?
Yes
Monthly Rent
945
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
5

Unit 6

Full Baths
Yes
Lease Expiration Date
2027-05-31
Leased?
Yes
Monthly Rent
800
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
6

Unit Details

Total Units
6
IDX
Listing Office: RE/MAX Advantage Plus
Last Updated: September - 16 - 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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