Date
Details
Price
Change
Source
2/22/2026
Listed
$864,900
—
MLS
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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$864,900 Just Listed
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Property Description
49 total apartment units. 48 one bedroom units, one 2 bedroom unit. 4 buildings total. Three 16 unit buildings. The fourth building includes office , community room and two bedroom apartment. On linear pond to the South. Plenty of off parking. Brand new electric panels in all four buildings. Common laundry rooms in each building. Wall ACs. Close to parks and playground. Two sheds included. Possibly room on property for community gardens. *property needs updating approximately half the units are vacant. A couple+ are gutted. **Affordable housing under a Section 8 contract, that the buyers will need to get 2530 Clearance with HUD- HUD contract til 2035** Sold As is Gross rent is Pro-Forma 3 Roofs in the last 8 years. All the electric panels plus -basically brand new. Conveniently located in town of Olivia.
Full Property Details
Full Property Details for 500 S 13th St
General
- Price: $864,900
- Taxes: $3,728 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7018242
- Updated: Today (2/22/2026)
- Added to Site: Today
Interior
- Appliances: Range, Refrigerator
- Flooring: Carpet, See Remarks, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 46
Bedrooms
- Total Bedrooms: 47
Additional Information
- Amenities: Other, Panoramic View, Unspecified
Parking
- Parking Features: Asphalt, Parking Lot, Unassigned, Open
Location
- County: Renville
- Township: Olivia
- Driving Directions: 212 / 71 to 13th
School Information
- School District: 1176 - Bird Island-Olivia-Lake Lillian
- High School District: Bird Island-Olivia-Lake Lillian
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Baseboard, Radiant
- Heating Fuel: Electric
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common, Heating Common, Hot Water Common
Structural Information
- Basement: Yes
- Foundation Size: 11000
- Roof: Age 8 Years or Less, Asphalt, Pitched
- Disability Access: Partially Wheelchair
- Square Feet: 31,650
- Finished Down/Base.: 31,650 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1993
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 3.82
- Lot Dimensions: 369 x 448 x 371 x 449
- Frontage: City Street, Paved Streets
- Zoning: Residential-Multi-Family
- Lot Description: Property Adjoins Public Land, Medium Tree Coverage
Water Features
- Water Front Desc.: Pond
Financial Considerations
- Operating Expenses: $234,512
- Tax Amount: $3,728
- Tax Year: 2025
- Terms: Conventional, Cash
- Owner Pays: All Utilities, Common Area Maintenance, Electricity, Exterior Maintenance, Grounds Care, Heat, Insurance, Snow Removal, Trash Collection, Water
- Tenant Pays: Other
- Pays Electric: Owner Pays
- Pays Heat: Owner Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: TR IN NE4 OF NE4 450' X 370' LYING S OF LOT 4
- Inclusions: Building, Fixture/Equipment, Land, Leases, Other
- Property ID: 350025000
Listed by Lentsch Company
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— 500 S 13th St —
Lentsch Company
NMLS#: 1598647
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Schools
Schools serving 500 S 13th St
School District:Bird Island-Olivia-Lake Lillian Public School District
| Name | Grades | Distance |
|---|---|---|
Bold-Bird Island Elementary School 701 9th Street South, Olivia, MN 56277 | K-4 | 0.4 mi |
Bold Senior High School 701 9th Street South, Olivia, MN 56277 | 9-12 | 0.4 mi |
Bold Middle School 701 9th Street South, Olivia, MN 56277 | 5-8 | 0.4 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 500 S 13th St
Tax History
Tax History for 500 S 13th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,728
-45%
$541,100
11%
2023
$6,720
-8%
$486,000
2%
2022
$7,314
21%
$476,300
—
2021
$6,060
-2%
$476,900
—
2020
$6,166
5%
$476,900
4%
2019
$5,884
3%
$459,600
—
2018
$5,704
4%
$459,600
—
2017
$5,498
5%
$458,700
100%
2016
$5,226
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 500 S 13th St
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500 S 13th Street, Olivia, MN 56277 (MLS# 7018242) is a Commercial property. 500 S 13th Street is currently listed for $864,900 and was received on February 22, 2026. Want to learn more about 500 S 13th Street? Do you have questions about finding other Commercial real estate for sale in Olivia? You can browse all Olivia real estate or contact a Coldwell Banker agent to request more information.