416 S Oak Avenue, Owatonna, Minnesota 55060

MN, Owatonna
$185,000
  • Residential Income Property Type
  • 1885 Year Built
  • Pending Status
See All 28 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Income-Producing Property in the Heart of Owatonna! A Historic Gem with Recent Upgrades!

Located in the heart of Owatonna, this charming income-producing property offers an exceptional opportunity for investors or first-time buyers. Blending historic character with modern updates, this property is ready to deliver steady income with minimal maintenance.

The main floor unit has been thoughtfully updated, featuring a new roof (2022), energy-efficient windows (2023), brand new HVAC, fresh paint, and spacious bedrooms with daylight windows, ensuring long-term durability and appeal. The property also includes central air, and a brand-new deck (2024) adding to the comfort of tenants. The historic architecture shines through with unique details that lend the property its timeless charm. The upstairs unit can be rented as-is or remodeled to increase income potential, offering flexibility for the new owner.

With an excellent rent history and a prime location, this is an investment opportunity you won’t want to miss. Own a piece of Owatonna’s rich history while generating reliable income!

Contact us today for a private tour or more details!

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6678627
  • Price: $185,000
  • Year Built: 1885
  • Listing Status: Pending
  • Office Name: Berkshire Hathaway Advantage Real Estate
  • Property Sub Type: Duplex Up and Down
  • Roof: Asphalt,Age 8 Years or Less
Features
  • Heating System Other
  • Basement Full,Stone/Rock,Storage Space,Unfinished,Single Tenant Access
  • Parking Shared Driveway,Detached,Gravel,Concrete
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Steele
  • City Owatonna
  • Zipcode 55060
  • Street: Oak
  • Street Number: 416
  • Street Suffix: Avenue
  • Longitude: W94° 46' 16''
  • Latitude: N44° 4' 52.4''
  • Directions: To get to 416 S. Oak Ave. from Highway 35 in Owatonna: Take the Bridge St. exit and head east. Turn right onto S. Oak Ave. and continue south. The property will be on your right at 416 S. Oak Ave.
  • Street Dir Prefix: S
Neighborhood
  • High School District: Owatonna
MLS Addon
  • Office Name: Berkshire Hathaway Advantage Real Estate
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Association Amenities: Deck
  • Building Size: 3941
  • Construction Materials: Brick/Stone
  • Electric: Circuit Breakers
  • Garage: 3
  • Levels: Two
  • Lot Features: Some Trees
  • Lot Size Dimensions: 82.5 x 82.5
  • Number Of Units Total: 2
Financial
  • Tax Annual Amount: 1934
Listing Information
  • List Agent Mls Id: 503516849
  • List Office Mls Id: 26905
  • Modification Timestamp: 2025-07-03T14:09:03Z
  • Originating System Name: NorthStar
Mortgage Calculator
$
$ %
years
%
$ % per year
$ %per year
$