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$244,900 -$15,000 (-5.77%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 4,492 Sq. Ft.
  • 0.51 Acres
  • Updated 21 hours ago
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Turnkey Six-Plex Investment Opportunity. Fully Occupied and Well Maintained. Investor alert! This fully occupied six-unit apartment complex offers a solid, turnkey investment with a strong rental history and consistent occupancy. Each unit is clean, updated, and equipped with central air, providing comfortable living conditions that attract and retain quality tenants. The property features designated parking with individual electric hookups, a coin-operated laundry area for additional income, and a shared outdoor space with a patio and raised garden beds. This well-maintained complex operates at full capacity within a stable rental market, ideal for the seasoned investor or anyone looking to expand their portfolio with a proven, income-producing asset. Qualified buyers only.

Full Property Details for 200 NE Hwy 1

General

  • Price: $244,900
  • Taxes: $1,419 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6825838
  • Updated: 3/4/2026
  • Added to Site: 85 day(s) ago

Interior

  • Appliances: Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 8

Parking

  • Parking Features: Parking Lot

Location

  • County: Itasca
  • Township: Effie
  • Driving Directions: Hwy 38 N to Effie. Right on State Hwy 1 to property on Left.

School Information

  • School District: 1410 - Grand Rapids
  • High School District: Grand Rapids

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Baseboard, Forced Air
  • Heating Fuel: Electric, Propane

Utilities

  • Sewer: City Sewer Connected
  • Water: Drilled
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished
  • Foundation Size: 2256
  • Roof: Metal
  • Disability Access: None
  • Square Feet: 4,492
  • Finished Down/Base.: 4,492 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1962

Lot Features

  • Lot Size (Acres): 0.51
  • Lot Dimensions: .51 acres
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Tax Amount: $1,419
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: See Remarks
  • Tenant Pays: Broadband, Cable TV, Insurance, Telephone
  • Pays Cable: Tenant Pays

Disclosures and Reports

  • Legal Description: ALL LT 5 E 10" OF LT 6
  • Inclusions: Building
  • Property ID: 904100050

Listed by Coldwell Banker Northwoods

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— 200 NE Hwy 1 —

  • Coldwell Banker Northwoods

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Price & Sales History for 200 NE Hwy 1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/04/2026
Price Reduced
$244,900
-5.77%
MLS
12/10/2025
Listed
$259,900
—
MLS
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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.

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Listed by Coldwell Banker Northwoods

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200 NE Hwy 1, Effie, MN 56639 (MLS# 6825838) is a Commercial property. 200 NE Hwy 1 is currently listed for $244,900 and was received on December 10, 2025. Want to learn more about 200 NE Hwy 1? Do you have questions about finding other Commercial real estate for sale in Effie? You can browse all Effie real estate or contact a Coldwell Banker agent to request more information.

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