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For Sale:  Pine Island MLS# 7113128

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Active NEW!
$275,000
/mo Edit
Multi-family:  Duplex Up and Down
7 br • 2 ba • Built 1900
2,182 sqft • 0.19 acres
Pine Island schools
MLS# 7113128
763-576-8286
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    Property Description

    The property is an up/down duplex located just south of downtown Pine Island, providing convenient access to Main Street and local amenities. Two- to four-unit opportunities remain limited in southeast Minnesota, and this duplex has demonstrated a strong rental history with minimal vacancy over the past 15 years under current ownership. The main-floor unit offers four bedrooms along with a remodeled kitchen, updated LVP flooring, new appliances, and a new furnace, while the upper unit includes three bedrooms. Both units feature in-unit laundry. Exterior elements include a detached one-car garage, a large covered front porch, and a rear concrete patio. The combination of unit size, recent updates, and long-term rental performance makes this property a practical option for both investors and owner-occupants seeking additional income potential.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $275,000
    Price per sq ft: $126
    Property Type: Multi-family
    City: Pine Island
    Garage Spaces: 1
    County: Goodhue
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55963
    Subdivision Name: Auditors

    Interior

    Bedrooms: 7
    Bathrooms: 2
    Finished Area: 2,182 ft2
    Living Area: 2,182 ft2
    Basement Details:
    • Partial
    • Sump Pump
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Dimensions: 14'x24'
    Garage Size: 336 ft2
    Foundation Size: 392 ft2
    Foundation Dimensions: 14'x18'
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Detached Garage
    • Gravel
    Road Frontage:
    • City Street
    • Sidewalks

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.19
    Geolocation: 44.198864, -92.646794
    Lot Dimensions: 66' x 124'
    Zoning: Business/Commercial

    Schools

    School District: 255
    District Phone: 5073564849

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,241
    Annual Maintenance Expense: $500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $4,664
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,664

    Income

    Annual Gross Income: $27,300

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Water System:
    • City Water - In Street
    • City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.