For Sale: Fully Leased Apartment or Redevelopment Opportunity

Investment Opportunity in Historic Stillwater

Welcome to the 114 Olive St W & 218 3rd St building in charming Stillwater, MN! This fully leased two-story, 5-unit apartment offers a prime redevelopment opportunity or steady rental income. Located just three blocks from vibrant Main Street, this property sits on 0.5 acres with frontage on Olive St. W and Third Street. With zoning for Medium-Density Multi-Family, this property is a lucrative find. The unit layout includes three 2-bedroom units and two 1-bedroom units, ensuring a steady flow of rental income. Features like laundry facilities on-site and private entrances for each unit add value and convenience for tenants. Don’t miss out on this excellent investment opportunity in a sought-after location. Offered at $895,000, split between the building and land, this property boasts an attractive rent roll. Contact us today to learn more about the property.

**Please note: 48 hour notice is required for all showing requests. No weekend showings, available times are Mon-Thurs 11:00am-4:00pm.