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For Sale:  Hastings MLS# 7117247

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Active NEW!
$549,900
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1969
3,300 sqft • 0.368 acres
Hastings schools
MLS# 7117247
763-576-8286
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    Property Description

    Incredible investment opportunity! This 4-plex features four 2 bedroom, 1 bath units with functional open layouts designed for comfortable living. Upper-level units offer private balconies, while tenants enjoy the convenience of on-site laundry, dedicated garage parking with one stall per unit, and additional off-street parking. A strong rental history with long-term tenants provides added confidence for investors seeking a proven income-producing property. Conveniently located near parks, shopping, restaurants, and major transportation routes, this property offers a desirable location that continues to attract and retain renters. Whether you're expanding your portfolio or purchasing your first multifamily property, this is an opportunity you won't want to miss.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $549,900
    Price per sq ft: $167
    Property Type: Multi-family
    City: Hastings
    Garage Spaces: 5
    County: Dakota
    Year Built: 1969
    State: MN
    Property Style: Fourplex
    Zip Code: 55033
    Subdivision Name: Powers Place

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,300 ft2
    Living Area: 3,300 ft2
    Refrigerators: Four
    Basement Details: None

    Exterior

    Stories: Two
    Garage Spaces: 5
    Garage Size: 900 ft2
    Foundation Size: 1,650 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Radiant
    • Radiator
    Parking Features: Detached Garage
    Shared Amenities:
    • Laundry
    • Security Lighting
    Roof Details: Age Over 8 Years

    Rooms

    Shared Rooms: Community Room

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.368
    Geolocation: 44.713902, -92.854102
    Lot Dimensions: Irregular
    Zoning: Residential-Multi-Family

    Schools

    School District: 200
    District Phone: 6514807002

    Expenses

    Annual Caretaker Expense: $19,564
    Annual Electric Expense: $1,022
    Annual Fuel Expense: $1,022
    Annual Insurance Expense: $3,845
    Annual Maintenance Expense: $19,564
    Annual Trash Expense: $2,284
    Annual Water/Sewer Expense: $1,416
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $6,519
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,212

    Income

    Annual Gross Income: $40,124

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.