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Listed price in listed location currency (USD).
$419,900

000

MLS® 7015348

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $4,410
Days Active 143
Lot Size 
Approx. Age 1955
MLS® Number 7015348

Property Address: 905 E 5th St, Blue Earth, MN, 56013-2735

Average square foot calculated using Size range provided by listing agent.

Description

The Oaks Apartments are located in an "Opportunity Zone." The Oaks offers a 9.1 Cap Rate, a 5.4 GRM, 10% Cash on Cash 1st year with a 1.25 DSCR loan at a 51% operating expense ratio. There are eleven units with a mix of two studio, three one bedroom, five two bedroom, and one three bedroom apartments. The units are well maintained with all repair and maintenance issues addressed promptly and professionally. The Oaks Apartments offers a low vacancy and turn over rate. There are a few legacy tenants. There is plenty of parking for residents and guests. The coin operated washer and dryer on site are owned by the seller and included in the sale. Low maintenance vinyl and stone exterior with a metal roof. The Oaks runs like a well oiled machine!
MLS® Number7015348
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1955
Basement
DrivewayParking Lot
Garage Spaces
HeatForced Air
A/C

Extras

Price History

Last Sold Price

$600$600

Appreciation

--

Avg. Days Listed

106 days

Today, For Sale for $419,900

1.jpg
For Sale · 143 days

$419,900

MLS® 7015348

5 months ago

Not Sold Yet

February 2026, For Sale for $419,900

1.jpg
For Sale · 143 days

$419,900

MLS® 7015348

5 months ago

Not Sold Yet

October 2025, Leased for $600

The Oaks Exterior.jpg
Leased · 56 days

$600

MLS® 6778387

8 months ago

Sold on Oct 22, 2025

February 2025, Leased for $600

The Oaks Kitchen
Leased · 155 days

$600

MLS® 6600159

A year ago

Sold on Feb 13, 2025

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