501 1st St N Virginia, MN 55792
Estimated payment $624/month
Total Views
13,764
4
Beds
2
Baths
1,418
Sq Ft
$67
Price per Sq Ft
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,182
Year Built
- Built in 1904
Home Design
- Duplex
Interior Spaces
- 1,418 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Basement
- Partial Basement
- Stone or Rock in Basement
- Basement Storage
Additional Features
- Porch
- Lot Dimensions are 121x20x7x116x25
- Boiler Heating System
Community Details
- 2 Units
- Virginia Subdivision
Listing and Financial Details
- The owner pays for all utilities
- Assessor Parcel Number 090001001780
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | Price Changed | $94,900 | -5.0% | $67 / Sq Ft |
| 04/02/2025 04/02/25 | Price Changed | $99,900 | -9.2% | $70 / Sq Ft |
| 03/27/2025 03/27/25 | For Sale | $110,000 | -- | $78 / Sq Ft |
Source: NorthstarMLS
Similar Homes in Virginia, MN
Source: NorthstarMLS
MLS Number: 6690399
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