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$349,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • Updated 8 days ago
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Fantastic investment opportunity you can go FHA live in one and rent the others great income opportunity or first investment in the heart of Tower, just one block from Lake Vermilion. Fully leased 4-plex with four 2-bed, 1-bath units. Each unit has been updated with newer windows, paint, flooring, and upgraded PEX plumbing. Newer boiler system provides efficient heat. Property is well maintained and cash flowing. Includes an additional vacant lot with extra storage sheds already there offering excellent potential for future expansion, garages, or another multi-use build. Great location close to downtown, marina, and local amenities. Live in one unit and rent the rest or keep as a solid income-producing property. Inspection has already been done on the property and will be shared with future buyer.

Full Property Details for 605 Main St

General

  • Price: $349,000
  • Taxes: $1,096 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6805481
  • Updated: 1/7/2026
  • Added to Site: 90 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: None, None

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: Gravel, Parking Lot

Location

  • County: St. Louis
  • Township: Tower
  • Subdivision: Tower
  • Driving Directions: Hwy 169 into tower to building on left

School Information

  • School District: 1046 - St. Louis County
  • High School District: St. Louis County

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Crawlspace
  • Foundation Size: 2979
  • Roof: Age 8 Years or Less, Flat, Rubber
  • Disability Access: None
  • Square Feet: 4,467
  • Above Ground: 2,979 Sq. Ft.
  • Year Built: 1982

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 17,495
  • Lot Dimensions: 150 x 50
  • Frontage: City Street
  • Zoning: Business/Commercial, Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $16,144
  • Tax Amount: $1,096
  • Tax Year: 2024
  • Owner Pays: Electricity
  • Tenant Pays: All Utilities
  • Pays Electric: Owner Pays

Disclosures and Reports

  • Legal Description: LOT: 0015 BLOCK:027
  • Property ID: 80001003420

Listed by Z'Up North Realty, Inc.

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— 605 Main St —

  • Z'Up North Realty, Inc.

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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 605 Main St

School District:St. Louis County School District
NameGradesDistance
Tower-Soudan Elementary School
415 North 2nd Street, Tower, MN 55790
PK-60.2 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 605 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/17/2025
Listed
$349,000
249%
MLS
5/12/2014
Sold
$100,000
—
Public Record
Get Price Alerts and Save Property
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 605 Main St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$758
—
$31,800
9%
2025
$758
7%
$29,100
7%
2024
$710
-2%
$27,200
3%
2023
$728
-3%
$26,500
—
2022
$752
1%
$26,500
—
2020
$742
4%
$26,400
—
2019
$716
-1%
$26,400
—
2018
$726
—
$26,400
—
2017
$728
1%
$26,400
—
2016
$718
-17%
$26,400
-20%
2015
$866
3%
$32,800
—
2014
$841
1%
$32,800
—
2013
$836
—
$32,800
—
View All
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 Z'Up North Realty, Inc.

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605 Main Street, Tower, MN 55790 (MLS# 6805481) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 605 Main Street is currently listed for $349,000 and was received on October 17, 2025. Want to learn more about 605 Main Street? Do you have questions about finding other Multi-Family real estate for sale in Tower? You can browse all Tower real estate or contact a Coldwell Banker agent to request more information.

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