501 1st Street N, Virginia, MN 55792

Local realty services provided by:ERA Prospera Real Estate
#1#2#3
501 1st Street N,Virginia, MN 55792
$94,900
  • - Beds
  • - Baths
  • 1,418 sq. ft.
  • Multi-family
  • Active
Listed by:kyle white
Office:re/max advantage plus
MLS#:6690399
Source:NSMLS

Price summary

  • Price:$94,900
  • Price per sq. ft.:$52.2

About this home

Turnkey Duplex with Strong Cash Flow – 14.7% Cap Rate! This well-maintained property is a solid investment opportunity with excellent returns. The upper unit features a long-term tenant currently paying $860/month, with potential to increase rent for even greater cash flow. Both units are in good condition, offering clean, comfortable living spaces. The building includes a basement with storage and laundry facilities, and has proven to be very low maintenance over time. Similar 2-bedroom units in the area qualify for Section 8 rents of up to $1,100/month, providing additional income potential. A great addition to any investment portfolio!

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Home facts

  • Year built:1904
  • Listing Id #:6690399
  • Added:142 day(s) ago
  • Updated:July 13, 2025 at 11:56 AM

Rooms and interior

  • Living area:1,418 sq. ft.

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Roof:Asphalt
  • Year built:1904
  • Building area:1,418 sq. ft.
  • Lot area:0.07 Acres

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$94,900
  • Price per sq. ft.:$52.2
  • Tax amount:$1,182 (2024)
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