For Sale: Hastings MLS# 6795123
Active
NEW!
$1,250,000
Multi-family: Four Plex
Built 1992
9,352 sqft • 0.64 acres
Hastings schools
MLS# 6795123
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Property Description
“Unique Four-Unit with Mission Potential — Ideal for Assisted Living, Recuperative Care, Sober Housing, or Multi-Family Use”
Welcome to 1306 Lincoln Lane, a rare four-plex gem in Hastings, offering four spacious units with 5 bedrooms and 2 bathrooms, along with a 3-car detached garage and abundant surface parking for up to 13 cars, and an optional and available Stair Lift
Recent capital improvements include a new full-building roof (2023).
The flexible layout, private bedrooms, and shared common spaces lend themselves naturally to mission-driven uses such as sober living, congregate supportive housing, or recuperative care models. According to the seller, the DHS allows recuperative care to be permissible in settings that meet care delivery criteria, making this property especially aligned for such a purpose.
Located in the Pleasant Valley neighborhood, the asset is close to essential services, including Regina Hospital, shopping, parks, and is within the Hastings school district. The community offers small-town charm while being well-connected to broader regional infrastructure.
Whether you’re an experienced operator in the supportive housing space or an investor seeking strong upside in a large, well-maintained asset, 1306 Lincoln Lane delivers both flexibility and scale. Don’t miss this rare opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,250,000
Price per sq ft:
$134
Property Type:
Multi-family
City:
Hastings
Garage Spaces:
3
County:
Dakota
Year Built:
1992
State:
MN
Property Style:
Four Plex
Zip Code:
55033
Subdivision Name:
Pleasant Valley
Interior
Finished Area:
9,352 ft2
Living Area:
9,352 ft2
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
600 ft2
Foundation Size:
4,676 ft2
Handicap Accessible:
Doors 36"+, Fully Wheelchair, Partially Wheelchair, Roll-In Shower, Soaking Tub
Heating System:
Forced Air
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
0.64
Geolocation:
44.750185, -92.878001
Lot Dimensions:
145 x 107 x 151 x 131
Schools
School District:
200
District Phone:
651-480-7002
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$4,800
Annual Fuel Expense:
$4,800
Annual Insurance Expense:
$5,800
Annual Maintenance Expense:
$5,000
Annual Gross Expense:
$12,000
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$4,500
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$12,260
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$12,260
Income
Annual Gross Income:
$162,000
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Zafar Khamdamov.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.