Map
Listed price in listed location currency (USD).
$329,900

840

MLS® 7046763

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 4464 sqft
Garage 
Taxes $758
Days Active 83
Lot Size 
Approx. Age 1982
Avg. Price Per Sqft $73
MLS® Number 7046763

Property Address: 605 Main St, Tower, MN, 55790-5108

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

Description

Exceptional turn-key 4-plex opportunity in the heart of Tower, MN — just one block from beautiful Lake Vermilion. Whether you’re an investor looking for strong cash flow or a first-time home buyer wanting tenants to help pay the mortgage, this property offers endless potential. The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1, 000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases. Located in one of northern Minnesota’s premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm. Additional opportunity available with a neighboring commercial lot that may be purchased together or separately. Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.
MLS® Number7046763
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1982
BasementNone
DrivewayGravel, Off Site, On-Street Parking Only
Garage Spaces
HeatBoiler
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 3, 2026List Date
$329,900List Price
  • Commute

Commute

Starting Address
Destination Address
605 Main St, Tower, MN

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