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$329,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • Updated 6 hours ago
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Turn-key 4-plex in the heart of Tower, MN just one block from Lake Vermilion. Great opportunity for owner-occupants or investors. Property features four 2-bedroom, 1-bath units, all separately metered for electricity with tenants paying electric. Currently rented at $1,000/month per unit on month-to-month leases, providing immediate income with flexibility for future rent adjustments. Strong cash-flow potential. Located in a desirable recreation area with close access to boating, fishing, snowmobile and ATV trails right out your door. Historic building with updates throughout.

Full Property Details for 605 Main St

General

  • Price: $329,900
  • Taxes: $758 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7046763
  • Updated: Today (4/3/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Other, Other

Parking

  • Parking Features: Gravel, Off Site, On-Street Parking Only

Location

  • County: St. Louis
  • Township: Tower
  • Subdivision: Tower
  • Driving Directions: Hwy 169 to home on left side next to ubetcha

School Information

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

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Electric, Other

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (In-Street)

Structural Information

  • Exterior Const.: Block, Concrete, Frame
  • Basement: Yes
  • Foundation Size: 2979
  • Disability Access: None
  • Square Feet: 4,464
  • Above Ground: 4,464 Sq. Ft.
  • Finished Down/Base.: 4,464 Sq. Ft.
  • Year Built: 1982

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Dimensions: 150 x 50
  • Zoning: Residential-Single Family

Financial Considerations

  • Operating Expenses: $11,000
  • Tax Amount: $758
  • Tax Year: 2025
  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Repairs, Sewer, Taxes, Water
  • Tenant Pays: Cable TV, Electricity, Telephone, Trash Collection
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Trash: Tenant Pays
  • Pays Water: Owner Pays

Disclosures and Reports

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

Listed by Anchor Realty

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— 605 Main St —

  • Anchor Realty

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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
Northeast Range Secondary
30 South Drive, Babbitt, MN 55706
7-1216.6 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 605 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/03/2026
Listed
$329,900
229.9%
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 Anchor Realty

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Recent Sales near 605 Main St

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95536 Pine Island, Tower, MN 55790 - Photo 1 Sold
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605 Main Street, Tower, MN 55790 (MLS# 7046763) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 605 Main Street is currently listed for $329,900 and was received on April 03, 2026. 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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