157 10th Ave N Immeuble residentiel 2 lots 187 768 € (93 884 €/Lot) Waite Park, MN 56387

Property Details
Sale Price: $219,000
Year Built: 1902
Property Type: Multifamily/Duplex
Building Size: 2,244 SF
Gross Rent $26,940 yr
2025 Property Tax $4,306 yr
Water/Sewer $875 yr
Refuse $292 yr
Property Description
This up-and-down duplex is located in a quiet Waite Park neighborhood near parks, schools, and shopping centers. It features a 2-bedroom, 1-bath lower unit and a 3-bedroom, 1-bath upper unit, each with private entrances, in-unit laundry, and separate utilities. The upper unit is heated with forced air, while the lower unit uses electric baseboard heat. Both units are served by breaker electric panels.

The property includes off-street parking and a detached garage, with one stall currently rented and included in the gross rent.
The property has undergone several recent updates, including interior upgrades and major mechanical replacements. With a total of 2,244 square feet on a 0.13-acre lot and strong rental income, this duplex offers a solid opportunity for both investors and owner-occupants.
Landlord pays Water/Sewer & Garbage, Tenant pays all other utilities. One of two garage stalls is rented and is included in the gross rent total.
Location Description
The property is located in a quiet residential neighborhood in Waite Park, MN, just minutes from parks, schools, and shopping centers. Nearby retailers include ALDI, The Home Depot, Starbucks, Dollar Tree, FedEx, and McDonald’s, with additional shopping options such as Audio Video Extremes, Best Buy, and Cash Wise in neighboring St. Cloud. The area is supported by major employers including CentraCare Health, the St. Cloud VA Health Care System, and St. Cloud Area School District #742. As detailed in the brochure, the surrounding area has a population of over 100,000 within five miles and strong average household incomes, contributing to consistent rental demand and long-term stability.

Highlights
Up-and-down duplex in a quiet Waite Park neighborhood
Upper unit: 3 bedrooms, 1 bath
Lower unit: 2 bedrooms, 1 bath
Private front and rear entrances for each unit
In-unit washers and dryers
Breaker electric panels
Upper unit: forced air heat
Lower unit: electric baseboard heat
Tenants pay all utilities except water, sewer, and garbage
Off-street parking
Large detached garage; one stall rented and included in gross rent
2010: House roof replaced (per city permit)
2021: Garage roof replaced (per city permit)
2023: Lower unit – new dryer, full carpet replacement, full interior repaint
2024: Upper unit – new A/C unit, new carpet in loft and stairs, full interior repaint
2025: Lower unit – new range
2025: Upper unit – new water heater
Nearby retailers include Cash Wise Foods, Kwik Trip, Crossroads Center Mall, Scheels, Best Buy, Menards, Dunkin’, Starbucks, Aldi, and The Home Depot.
Major area employers include CentraCare Health, the St. Cloud VA Health Care System, St. Cloud Area School District #742, the City of St. Cloud, Electrolux/Home Products International (historically), and Stearns County Government.