Sold: Lanesboro MLS# 6739466
Sold
$189,900 (list price)
$165,000
Multi-family: Four Plex
6 br • 4 ba • Built 1946
2,852 sqft • 0.279 acres
MLS# 6739466
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Property Description
Turnkey Fourplex in Historic Lanesboro – Investment Opportunity. Don’t miss this fully occupied, turnkey fourplex located in the heart of historic Lanesboro, just steps from downtown shopping, dining, entertainment, and the scenic Root River Trail. This well-maintained property features a newer lower-level unit, separate electric meters for each unit, and strong rental history. Ideal for the owner-occupant or savvy investor looking to expand their portfolio in a sought-after area with excellent growth potential. Pictures include two out of the four apartments only.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$189,900
Sold Price:
$165,000
Sold Date:
12/30/2025
Price per sq ft:
$67
Property Type:
Multi-family
City:
Lanesboro
Garage Spaces:
0
County:
Fillmore
Year Built:
1946
State:
MN
Property Style:
Four Plex
Zip Code:
55949
Subdivision Name:
Lanesboro First Add
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
2,852 ft2
Living Area:
2,852 ft2
Refrigerators:
Four
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,264 ft2
Foundation Dimensions:
1264
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Gravel
Shared Amenities:
Laundry
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
Block
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- Common Area
- Lower Level
Lot & Land
Acres:
0.279
Geolocation:
43.712992, -91.978761
Lot Dimensions:
87 x 140
Schools
School District:
1103
District Phone:
5074672229
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$1,620
Annual Insurance Expense:
$3,632
Annual Maintenance Expense:
$300
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Sewer, Trash Collection, Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,488
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,488
Income
Annual Gross Income:
$32,400
Rent
Annual Net Income:
$26,848
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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Listing provided by RMLS,
courtesy of Elcor Realty of Rochester Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.