905 E 5th Street Blue Earth, MN 56013
For Sale MLS# 7015348
6,531 sq ft Commercial
Details for 905 E 5th Street
MLS# 7015348
Description for 905 E 5th Street, Blue Earth, MN, 56013
The Oaks Apartments are located in an "Opportunity Zone." The Oaks offers a 9.1 Cap Rate, a 5.4 GRM, 10% Cash on Cash 1st year with a 1.25 DSCR loan at a 51% operating expense ratio. There are eleven units with a mix of two studio, three one bedroom, five two bedroom, and one three bedroom apartments. The units are well maintained with all repair and maintenance issues addressed promptly and professionally. The Oaks Apartments offers a low vacancy and turn over rate. There are a few legacy tenants. There is plenty of parking for residents and guests. The coin operated washer and dryer on site are owned by the seller and included in the sale. Low maintenance vinyl and stone exterior with a metal roof. The Oaks runs like a well oiled machine!
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Lot Size: 0.60 Acres
Square Feet: 6,531 sq ft
Year Built: 1955
Foundation: 6,531 sq ft
Subdivision: Blue Earth
Number Of Units Total: 11
Current Use: Residential
County: Faribault
Days On Market: 125
Construction Status: Previously Owned
School Information
District: 2860 - Blue Earth Area Schools
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate,Hot Water Common
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Open Parking: 20
Parking Description: Parking Lot, Garage Sq Ft - 0.00
Exterior: Brick/Stone, Vinyl
Lot Dimensions: 145x180
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Land,Leases
Driving Directions
Hwy. 169 is also N. Grove St. going through town. Take Hwy. #169 or N. Grove St. to the corner of E. Fifth St.
Financial Considerations
Tenant Pays: Broadband,Cable T.V.,Electric,Gas,Telephone
Owner Pays: Exterior Maintenance,Grounds Care,Hot Water,Insurance,Lawn,Maintenance/Repair,Management,Repairs,Snow,Taxes,Trash,Water
Gross Income: 80313
Expense: 39581
Tax/Property ID: 212005860
Tax Amount: 4410
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: RE/MAX Results
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 905 E 5th Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 905 E 5th Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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