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For Sale:  Pine City MLS# 6737336

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Active
$250,000
Est. Payment: /mo Edit
205 1st Avenue SE
Pine City
Multi-family:  Duplex Up and Down
Built 1895
1,712 sqft • 0.34 acres
Pine City schools
MLS# 6737336
763-251-1508
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    Property Description

    Affordable Investor opportunity or owner-occupant duplex next to Cross lake and 2 blocks from down town. This spacious and unique property features 5 bedrooms and 2bathrooms, offering flexible living arrangements in a high-demand location. With work and school in walkable radius, rental units are in extremely high demand. The upper unit includes 2 bedrooms, 1 bathroom, a living room, and large kitchen. The main level features 3 bedrooms, bathroom, living room, and back private porch connected to back bedroom. Main floor is spacious and ideal for family or live in landlord. Exterior cleaned up this summer with some new windows, new paint, and resurfaced driveway. The lower level includes laundry hook ups in basement and ample storage space with plenty of potential. With two 2-car detached garages and plenty of off-street parking, this duplex combines space, convenience, and location. Perfect for Pine Tech student housing, rental income, or multi-generational living.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $250,000
    Price per sq ft: $146
    Property Type: Multi-family
    City: Pine City
    Garage Spaces: 3
    County: Pine
    Year Built: 1895
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55063
    Subdivision Name: Townsite Of Pine City

    Interior

    Finished Area: 1,712 ft2
    Living Area: 1,712 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Dimensions: 24x30
    Garage Size: 720 ft2
    Garage Door Height: 6
    Garage Door Width: 12
    Foundation Size: 900 ft2
    Foundation Dimensions: 30x30
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Detached
    • Gravel
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.34
    Geolocation: 45.828894, -92.96691
    Lot Dimensions: 100 x 150
    Zoning: Residential-Multi-Family

    Farm

    Topography: Level

    Schools

    School District: 578
    District Phone: 320-629-4010

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1
    Annual Fuel Expense: $1
    Annual Insurance Expense: $1
    Annual Maintenance Expense: $1
    Annual Gross Expense: $5,700
    Annual Trash Expense: $1
    Annual Water/Sewer Expense: $1
    Tenant Expenses: Electricity, Grounds Care, Snow Removal

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $2,660
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,650

    Income

    Annual Gross Income: $22,200

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo


    *The mortgage calculator is provided only for general information and educational purposes only. TheMLSonline.com does not guarantee the accuracy of the calculations or the monthly payment displayed. It is not intended as financial, insurance, tax or legal information regarding your financial situation; please consult with a financial advisor. Property insurance is based on approximately $35 per $100,000 of property value. Actual rate will vary based on coverage options.
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    Listing provided by RMLS, courtesy of TheMLSonline.com, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
    For showings or questions, call 763-251-1508

    For showings or questions, call:

    763-251-1508



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    Home Affordability

    Mortgage Rates

    Based on national averages. Updated
    Loan Rate* Change
    30 yr Fixed 6.67% -0.12%
    15 yr Fixed 5.91% -0.11%
    5 yr ARM 6.33% -0.04%
    30 yr FHA 6.20% -0.05%
    30 yr Jumbo 6.80% -0.09%
    30 yr VA 6.22% -0.05%
    *Rates are only estimates & not guaranteed.

    Price History

    • Jun 11, 2025    $250,000

    Community Info

    Pine City, MN
    • $276,934 Avg Listing Price
    • $401 Avg Price/SqFt
    • 35 Active Listings
    • 103 Recently Sold
    • More Community Info
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