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$429,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 6,531 Sq. Ft.
  • 0.6 Acres
  • Updated 4 days ago
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The Oaks Apartments are located in an "Opportunity Zone." There are eleven units with a mix of two studio, three one bedroom, five two bedroom, and one three bedroom apartments. The units are well maintained with all repair and maintenance issues addressed promptly and professionally. The Oaks Apartments offers a low vacancy and turn over rate. There are some long term tenants. There is plenty of parking for residents and guests with coin operated laundry on site. Low maintenance vinal and stone exterior with a metal roof. The Oaks runs like a well oiled machine!

Full Property Details for 905 E 5th St

General

  • Price: $429,900
  • Taxes: $4,410 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7015348
  • Updated: 2/2/2026
  • Added to Site: 5 day(s) ago

Parking

  • Parking Features: Parking Lot

Location

  • County: Faribault
  • Township: Blue Earth
  • Subdivision: Blue Earth
  • Driving Directions: Hwy. 169 is also N. Grove St. going through town. Take Hwy. #169 or N. Grove St. to the corner of E. Fifth St.

School Information

  • School District: 1290 - Blue Earth Area Schools
  • High School District: Blue Earth Area Schools

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Common

Structural Information

  • Basement: Yes
  • Foundation Size: 6531
  • Disability Access: None
  • Square Feet: 6,531
  • Finished Down/Base.: 6,531 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1955

Lot Features

  • Lot Size (Acres): 0.6
  • Lot Dimensions: 145 x 180
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $39,581
  • Tax Amount: $4,410
  • Tax Year: 2025
  • Owner Pays: Exterior Maintenance, Grounds Care, Hot Water, Insurance, Repairs, Management, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Broadband, Cable TV, Electricity, Gas, Telephone
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: ORIGINAL PLAT OF BLUE EARTH BLOCK-058 .60 AC 6, 7 & 8
  • Inclusions: Building, Land, Leases
  • Property ID: 212005860

Listed by RE/MAX Results

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Schools serving 905 E 5th St

School District:Blue Earth Area Public Schools
NameGradesDistance
Blue Earth Elementary School
315 East 6th Street, Blue Earth, MN 56013
PK-50.4 mi
Blue Earth Area Senior High School
1125 North Grove Street, Blue Earth, MN 56013
8-120.3 mi
Blue Earth Area Middle School
315 East 6th Street, Blue Earth, MN 56013
6-70.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 905 E 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/02/2026
Listed
$429,900
34.34%
MLS
12/04/2020
Sold
$320,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 905 E 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,812
-19%
$279,400
11%
2023
$7,142
-9%
$252,300
-24%
2022
$7,836
79%
$330,600
—
2022
$4,380
44%
$330,600
151%
2021
$3,032
5%
$131,900
—
2020
$2,874
2%
$131,900
—
2019
$2,814
13%
$131,900
—
2018
$2,490
-7%
$131,900
—
2017
$2,674
-28%
$131,900
—
2015
$3,726
—
$131,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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905 E 5th Street, Blue Earth, MN 56013 (MLS# 7015348) is a Commercial property. 905 E 5th Street is currently listed for $429,900 and was received on February 02, 2026. Want to learn more about 905 E 5th Street? Do you have questions about finding other Commercial real estate for sale in Blue Earth? You can browse all Blue Earth real estate or contact a Coldwell Banker agent to request more information.

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