305 N Van Buren Avenue, Springfield, Minnesota image 1

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MLS: #7129280, Listed By: Brett Bartholomaus, Kemp Real Estate, Source:FargoMoorhead Area Association of REALTORS

305 N Van Buren Avenue

Springfield, MN 56087

$300,000 $1,264/Mo

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Overview

Bed

Bath

2,400

Sqft

0.35

Acre(Lot)

Description

Excellent investment opportunity in Springfield, Minnesota! This well-maintained four-unit apartment building offers a strong combination of current rental income, multiple unit configurations, garage space, and significant potential for increased revenue. The property features two one-bedroom apartments and two two-bedroom apartments, with all four units currently occupied. Current rental income is $2,930 per month, providing an established income stream from day one. A major advantage of this property is the four detached garage stalls. With thoughtful restructuring of the garage spaces and a review of how the garage and rental spaces are utilized, there is substantial upside potential to increase monthly revenue. A new owner may have the opportunity to better allocate or separately re nt garage space and make adjustments to the existing rental structure, creating additional income beyond the current $2,930 per month. The property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking. This is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside. Property Highlights: Four-unit apartment building 2 one-bedroom units 2 two-bedroom units All four units currently occupied $2,930/month current rental income Four detached garage stalls Potential to increase revenue through garage restructuring and rental adjustments Coin-operated laundry Corner lot Well-maintained property Established rental income Strong opportunity for future income growth Current income with additional upside — a great opportunity for an investor looking to add value and increase the property's earning potential.

Property Details

Property Type : Residential Income

Price : $300,000

AD Id : 89688823

MLS Id : 7129280

Beds : 6

Lot Size : 0.35 Acre

Living Area Size : 2,400

Year Built : 1970

Garage : 4

County : Brown

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 4
Roofing Information

Asphalt, Shingle
Interior Features

Roof: Asphalt, Shingle Laundry Features: Common Area, In Basement, Laundry Room, Lower Level
Heating & Cooling

Has Heating: Yes Heating: Baseboard

Building Information

Year Built: 1970 Building Area Total: 2400 Construction Materials: Block, Brick Patio And Porch Features: Patio, Rear Porch Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 100 X 153 Main Square Feet: 0.35 Acres Lot Size Acres: 0.35 Lot Size Square Feet: 15246 Lot Description: Corner Lot, Level

Property Information

Subdivision: Van Dusen Add Source Property Type: Residential Income Postal Code Plus 4: 1069 Property SubType: Quadruplex Property Age: 56

Listing Price Information

Listing Price: $300000 Cash, Conventional

Tax Information

Parcel Number: 00331000406060 Tax Year: 2025 Annual Tax: $3010 Tax Legal Desc: VAN DUSEN ADDITION LOT-006 BLOCK-004 LOT 5 &

Parking Information

Gravel, Parking Lot, Garage

Garage Information

Has Garage: Yes Garage Space: 4

Homeowners Association Information
Association Amenities: Coin Laundry, Laundry, Elevator(s)

Location Information

Direction: 305 North Van Buren. Springfield, MN 56087 WaterSource: Public

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 08/19/2026 @ 06:39

MLS: 7129280 LISTED BY: Brett Bartholomaus, Kemp Real Estate 507-828-6696 SOURCE: FargoMoorhead Area Association of REALTORS