506 3RD Avenue NE, Roseau, MN 56751 (MLS# 25-1134)

506 3RD Avenue NE, Roseau, MN 56751

$505,000

Property Type: MultiFamily Bedrooms: 17 Baths: 12 Square Footage: 9,180 Lot Size (sq. ft.): 21,000 Status: Active

Current Price: $505,000 List Date: 7/25/2025 Last Modified: 3/30/2026

Overview

Description

This 12-unit apartment building has a mix of five 2-bedroom units and 7 1-bedroom units. Building consists of brick construction, on site laundry, boiler heat (paid by landlord), surface parking. Rents range from $510 to $600 with tenant responsible for electric. Overall performance could increase by implementing a Ratio Utility Billing System (RUBS) program to absorb some of the heat expense.

Listing Details MLS# 25-1134

General Property Information

Property Subtype: Multi Family
Realtor.COM Type: Multi-Family
Total SqFt.: 9180
Below Ground SQFT: 3060
Above Ground SQFT: 6120
Total Bedrooms: 17
Total Bathrooms: 12
Garage Type: None
Year Built: 1967
Lot Size Dimensions: Irreg
Lot SqFt: 21000
Waterfront: No
Garage Stalls: 0

Property Features

Levels: Two

Location Tax and Legal Information

Area: Small Town MN
House Number: 506
Street Name: 3RD
Street Suffix: Avenue
Street Direction Sfx: NE
State/Province: MN
Country: USA
Postal Code: 56751
County: Roseau
Zoning: A-1 Limited Development

Confidential Information

Begin Date: 2025-07-25

Income

Gross Scheduled Income: 6,635.00

More Information

Expenses

Tax and Specials Exp Information: 7,150.00

Inclusions

# Air Conditioners: 12
# Ranges: 12
# Refrigerators: 12

Showing Instructions

Showing Service: None

Location, Tax and Legal Information

Tax Year: 2025
Pend+Proposed Spec: 0
Taxes: 6190
Flood Plain: Contact Lender
Parcel Number: 540239200
Specials Amount: 960.00
Total Tax & Specials: 7,150.00
Specials Unpaid: TBD
Legal: Auditor's Plat 2 Subdivision 6

Agent/Agency Information

Extra Agency Info: Yes

Levels

Two: Yes

Listing Office: Crary Real Estate

Last Updated: March - 30 - 2026

Information deemed reliable but not guaranteed.