$489,900
Saint Augusta, MN 56301
MLS# 7106770
8 beds | 4 baths | 4611 sqft
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Property Description
Exceptional investment opportunity with this fully renovated fourplex situated on approximately 1.5 acres in a desirable single-family neighborhood. As the only multifamily property in the area, this unique offering provides strong appeal for both investors and tenants. Currently operating as successful mid-term furnished rentals, each of the four units features 2 bedrooms, 1 updated bathroom, approximately 750–775 finished square feet, and can be sold fully furnished at no additional cost. Extensive capital improvements include a newer roof, fascia, soffit, and gutters (approximately 4 years old), nearly all windows replaced within the last 4 years, updated flooring, trim, paint, light fixtures, bathroom vanities, and remodeled bathrooms with new toilets throughout. Tenants enjoy fiber optic internet, premium Schlage Encode Plus keyless entry locks, shared laundry with two coin-operated washers and two coin-operated dryers, a fenced dog area, and reverse osmosis water filtration through Culligan. The property also offers five garage stalls, including one oversized 1.5-stall garage, providing excellent storage and parking flexibility or the option to rent out for additional income. Whether you continue operating furnished mid-term rentals, convert to traditional long-term leases, or explore other income-producing opportunities, this turnkey property is ready to generate immediate cash flow.
Details
Maps
Documents
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Contingency: Inspection
Current Price: $489,900
Original List Price: 549900
ListPrice: 489900
List Date: 2026-07-09
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 214*299
Acres: 1.47
Main Floor Total SqFt: 1537
Below Grd Total SqFt: 1537
Above Ground SqFt: 3074
Total SqFt: 4611
Total Finished Sqft: 3074.00
Foundation Size: 1537
Style: (MF) Four Plex
Garage Stalls: 5
Assessment Pending: No
Bedrooms: 8
Baths Total: 4
Location, Tax and Other Information
Legal Description: 17 -123 -028 MEADOWBROOK ESTATES PLAT TWO
Listing City: Saint Augusta
Map Page: 243
Municipality: Saint Augusta
School District: St. Cloud
School District Phone: 320-253-9333
Zip Plus 4: 3885
Property ID Number: 81432290300
Tax Year: 2024
Tax Amount: 1632
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Exceptional investment opportunity with this fully renovated fourplex situated on approximately 1.5 acres in a desirable single-family neighborhood. As the only multifamily property in the area, this unique offering provides strong appeal for both investors and tenants. Currently operating as successful mid-term furnished rentals, each of the four units features 2 bedrooms, 1 updated bathroom, approximately 750–775 finished square feet, and can be sold fully furnished at no additional cost. Extensive capital improvements include a newer roof, fascia, soffit, and gutters (approximately 4 years old), nearly all windows replaced within the last 4 years, updated flooring, trim, paint, light fixtures, bathroom vanities, and remodeled bathrooms with new toilets throughout. Tenants enjoy fiber optic internet, premium Schlage Encode Plus keyless entry locks, shared laundry with two coin-operated washers and two coin-operated dryers, a fenced dog area, and reverse osmosis water filtration through Culligan. The property also offers five garage stalls, including one oversized 1.5-stall garage, providing excellent storage and parking flexibility or the option to rent out for additional income. Whether you continue operating furnished mid-term rentals, convert to traditional long-term leases, or explore other income-producing opportunities, this turnkey property is ready to generate immediate cash flow.
Directions: I 94 to MN Hwy 15 south to 230th st take a left and follow for 1 mile left on 60th
Accessible
None: 1
Amenities Shared
Coin-op Laundry Owned: 1
Assessments
Assessment Balance: 0
Assessment Installment: 0
Tax With Assessments: 1632
Basement
Foundation Dimensions: 60x26
Partial: 1
Building Information
Finished SqFt Above Ground: 3074
Construction Status
Previously Owned: 1
Electric
Circuit Breakers: 1
Existing Financing
FHA: 1
Exterior
Vinyl: 1
Foundation
Concrete Block: 1
Fuel
Electric: 1
Heating
Baseboard: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SPAAR
Supra: 1
Lot Description
Corner Lot: 1
Tree Coverage - Light: 1
Miscellaneous Information
DP Resource: Yes
Homestead: Yes
Owner Pays
Lawn: 1
Maintenance/Repair: 1
Snow Removal: 1
Taxes: 1
Trash Collection: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 1200
Gravel Lot: 1
Patio, Porch and Deck Features
Deck: 1
Public Survey Info
Range#: 28
Section#: 17
Township#: 123
Road Frontage
City Street: 1
Road Responsibility
Public Maintained Road: 1
Roof
Age 8 Years or Less: 1
Asphalt Shingles: 1
Sellers Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Sewer
Tank with Drainage Field: 1
Shared Rooms
Other: 1
Stories
Two: 1
Topography
Level: 1
Unit 1
Furnished?: Yes
Leased?: Yes
Unit Number: 1
Monthly Rent: 1700
Full Baths: 1
Total Rooms: 8
Finished SqFt: 750
No. of Units Like This: 4
Oth Parking Spaces: 8
Total Baths: 1
Total Bedrooms: 2
Unit Details
Total Units: 4
Water
Well: 1
Income and Expenses
Annual Caretaker Expense: 770
Annual Electric Expense: 14000
Annual Fuel Expense: 0
Annual Gross Expenses: 37000
Annual Gross Income: 75700
Annual Insurance Expense: 6200
Annual Maintenance Expense: 0
Annual Net Income: 38700
Annual Repair Expense: 6160
Annual Trash Expense: 1620
Annual Water/Sewer Expense: 0
Misc Monthly Income: 100
Misc. Annual Income: 1200
Total Annual Expenses: 7224
No. of Ranges
Four: 1
No. of Refrigerators
Four: 1
Tenant Pays
Broadband: 1
Cable TV: 1
Unit 1 Amenities
Other: 1
Unit 1 Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Bath Description
Main Floor Full Bath: 1
Unit 1 Cooling
Window: 1
Location Tax and Other Information
House Number: 23017
Street Name: 60th
Street Suffix: Avenue
Postal City: Saint Augusta
County: Stearns
State: MN
Zip Code: 56301
Complex/Dev/Subdivision: Meadowbrook Estates Two
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned
Basement: Partial
Construction Status: Previously Owned
Electric: Circuit Breakers
Existing Financing: FHA
Exterior: Vinyl
Foundation: Concrete Block
Fuel: Electric
Heating: Baseboard
Lock Box Type: Supra
Lot Description: Corner Lot; Tree Coverage - Light
Owner Pays: Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Gravel Lot
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: Tank with Drainage Field
Shared Rooms: Other
Stories: Two
Tenant Pays: Broadband; Cable TV
Topography: Level
Unit 1 Amenities: Other
Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Water: Well
WELCOME PACKET - FOURPLEX.pdf 
Listing Office: Keller Williams Classic Realty
Last Updated: September - 02 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
