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MLS: #7046763, Listed By: Chessica Olson, Anchor Realty, Source:FargoMoorhead Area Association of REALTORS

605 Main Street

Tower, MN 55790

$329,900 $1,390/Mo

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Overview

Bed

Bath

4,464

Sqft

0.16

Acre(Lot)

Description

Exceptional turn-key 4-plex opportunity in the heart of Tower, MN — just one block from beautiful Lake Vermilion. Whether you’re an investor looking for strong cash flow or a first-time home buyer wanting tenants to help pay the mortgage, this property offers endless potential. The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases. Located in one of northern Minnesota’s premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm. Additional opportunity available with a neighboring commercial lot that may be purchased together or separately. Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.

Property Details

Property Type : Residential Income

Price : $329,900

AD Id : 76781522

MLS Id : 7046763

Beds : 8

Lot Size : 0.16 Acre

Living Area Size : 4,464

Year Built : 1982

County : Saint Louis

Subdivision: Ventnor Heights

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4

Room Information

Basement: None
Heating & Cooling

Has Heating: Yes

Building Information

Year Built: 1982 Building Area Total: 4464 Construction Materials: Block, Concrete, Frame Stories: 2 Private Pool: No

Lot Information

Lot Dimensions: 140x50 Main Square Feet: 0.16 Acres Lot Size Acres: 0.16 Lot Size Square Feet: 6969.6

Property Information

Subdivision: Tower Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 44

Listing Price Information

Listing Price: $329900

Tax Information

Parcel Number: 080001003420 Annual Tax: $758

Parking Information

Gravel, Off Site

Location Information

Direction: Hwy 169 to home on left side next to ubetcha WaterSource: Public

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ByOwner last updated this listing 06/05/2026 @ 17:49

MLS: 7046763 LISTED BY: Chessica Olson, Anchor Realty 612-501-2878 SOURCE: FargoMoorhead Area Association of REALTORS