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$259,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 4,482 Sq. Ft.
  • 0.026 Acres
  • Updated 14 hours ago
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Investor opportunity in Cass Lake. This 5-unit apartment building offers strong cash flow, consistent rental demand, and an easy-to-manage one-level layout. The property includes four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, giving a great mix of rental options for the local market. Located in the heart of Cass Lake, this property has proven to be easy to rent, with vacant units filling quickly when they become available. Investors will appreciate the steady income potential, practical floor plan, and the convenience of all units being on one level for simplified maintenance and tenant access. Whether you are looking to add to your portfolio or step into multi-family investing, this is a solid opportunity with strong rental appeal.

Full Property Details for 106 Aspen Ave SW

General

  • Price: $259,900
  • Taxes: $4,430 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7057783
  • Updated: Today (4/18/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 9

Parking

  • Parking Features: Parking Lot

Location

  • County: Cass
  • Township: Cass Lake
  • Subdivision: West Cass Lake
  • Driving Directions: Cass Lake, South on Aspen Ave (371 South) to the apartment on the West side of the road.

School Information

  • School District: 703 - Cass Lake-Bena Schools
  • High School District: Cass Lake-Bena Schools

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Electric, Natural Gas

Utilities

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

Structural Information

  • Foundation Size: 4482
  • Disability Access: None
  • Square Feet: 4,482
  • Finished Down/Base.: 4,482 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1950

Lot Features

  • Lot Size (Acres): 0.026
  • Lot Dimensions: 100 x 125
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $12,648
  • Tax Amount: $4,430
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Sewer, Snow Removal, Taxes, Water
  • Tenant Pays: Cable TV, Electricity, Hot Water
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: LOTS 2 THRU 5, BLK 20
  • Inclusions: Building, Leases
  • Property ID: 853442010

Listed by Real Broker, LLC

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Listing agent

— 106 Aspen Ave SW —

  • Real Broker, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 106 Aspen Ave SW

School District:Cass Lake-Bena Public Schools
NameGradesDistance
Cass Lake-Bena Elementary School
15 4th Street Northwest, Cass Lake, MN 56633
PK-40.6 mi
Cass Lake-Bena Middle School
15314 State 371 Nw, Cass Lake, MN 56633
5-81.3 mi
Cass Lake-Bena Secondary
15308 State 371 Nw, Cass Lake, MN 56633
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 106 Aspen Ave SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/18/2026
Listed
$259,900
22.31%
MLS
10/16/2023
Sold
$212,500
—
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 106 Aspen Ave SW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,426
-13%
$216,900
-22%
2024
$6,270
19%
$279,600
19%
2023
$5,288
5%
$235,600
8%
2021
$5,018
53%
$218,800
58%
2019
$3,278
8%
$138,800
24%
2018
$3,034
100%
$111,500
—
2015
-100%
$111,500
100%
2015
$4,406
—
-100%
2015
$4,406
—
$128,800
—
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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Listed by Real Broker, LLC

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106 Aspen Avenue SW, Cass Lake, MN 56633 (MLS# 7057783) is a Commercial property. 106 Aspen Avenue SW is currently listed for $259,900 and was received on April 18, 2026. Want to learn more about 106 Aspen Avenue SW? Do you have questions about finding other Commercial real estate for sale in Cass Lake? You can browse all Cass Lake real estate or contact a Coldwell Banker agent to request more information.

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