416 S Oak Ave Owatonna, MN 55060
Estimated payment $1,186/month
About This Home
Income-Producing Property in the Heart of Owatonna! A Historic Gem with Recent Upgrades!
Located in the heart of Owatonna, this charming income-producing property offers an exceptional opportunity for investors or first-time buyers. Blending historic character with modern updates, this property is ready to deliver steady income with minimal maintenance.
The main floor unit has been thoughtfully updated, featuring a new roof (2022), energy-efficient windows (2023), brand new HVAC, fresh paint, and spacious bedrooms with daylight windows, ensuring long-term durability and appeal. The property also includes central air, and a brand-new deck (2024) adding to the comfort of tenants. The historic architecture shines through with unique details that lend the property its timeless charm. The upstairs unit can be rented as-is or remodeled to increase income potential, offering flexibility for the new owner.
With an excellent rent history and a prime location, this is an investment opportunity you won't want to miss. Own a piece of Owatonna's rich history while generating reliable income!
Contact us today for a private tour or more details!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,934
Year Built
- Built in 1885
Lot Details
- Lot Dimensions are 82.5 x 82.5
Parking
- 3 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,538 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Stone or Rock in Basement
- Basement Storage
Community Details
- 2 Units
- Original Town Subdivision
Listing and Financial Details
- The owner pays for fuel, insurance, grounds care, sewer, snow removal, taxes, trash collection
- Assessor Parcel Number 171001808
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | Price Changed | $185,000 | -1.1% | $73 / Sq Ft |
| 06/03/2025 06/03/25 | Price Changed | $187,000 | -2.6% | $74 / Sq Ft |
| 05/30/2025 05/30/25 | For Sale | $192,000 | 0.0% | $76 / Sq Ft |
| 05/28/2025 05/28/25 | Pending | -- | -- | -- |
| 04/25/2025 04/25/25 | Price Changed | $192,000 | +1.1% | $76 / Sq Ft |
| 04/02/2025 04/02/25 | Price Changed | $189,900 | -4.1% | $75 / Sq Ft |
| 03/03/2025 03/03/25 | For Sale | $198,000 | -- | $78 / Sq Ft |
Source: NorthstarMLS
MLS Number: 6678627
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