$349,000
605 Main Street Tower, MN 55790
For Sale MLS# 6805481
8 beds 4 baths 4,467 sq ft Multi-family
Details for 605 Main Street
MLS# 6805481
Description for 605 Main Street, Tower, MN, 55790
Fantastic investment opportunity you can go FHA live in one and rent the others great income opportunity or first investment in the heart of Tower, just one block from Lake Vermilion. Fully leased 4-plex with four 2-bed, 1-bath units. Each unit has been updated with newer windows, paint, flooring, and upgraded PEX plumbing. Newer boiler system provides efficient heat. Property is well maintained and cash flowing. Includes an additional vacant lot with extra storage sheds already there offering excellent potential for future expansion, garages, or another multi-use build. Great location close to downtown, marina, and local amenities. Live in one unit and rent the rest or keep as a solid income-producing property. Inspection has already been done on the property and will be shared with future buyer.
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 8
Bathrooms: 4
Lot Size: 0.40 Acres
Square Feet: 4,467 sq ft
Year Built: 1982
Foundation: 2,979 sq ft
Stories: 2 Stories
Subdivision: Tower
Number Of Units Total: 4
County: St. Louis
Days On Market: 94
Construction Status: Previously Owned
School Information
District: 2142 - St. Louis County
Interior Features
Square Footage above: 4,467 sq ft
Basement: Crawl Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Boiler, Electric
Exterior / Lot Features
Parking Description: Parking Lot, gravel lot
Exterior: Wood, Cedar
Roof: Flat, Age 8 Years or Less, Rubber
Lot Dimensions: 150x50
Zoning: Business/Commercial,Residential-Multi-Family
Additional Exterior/Lot Features: Road Frontage - City
Driving Directions
Hwy 169 into tower to building on left
Financial Considerations
Tenant Pays: All Utilities
Owner Pays: Electric
Gross Income: 48000
Expense: 16144
Tax/Property ID: 080001003420
Tax Amount: 1096
Tax Year: 2024
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Z'Up North Realty, Inc.
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 605 Main 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 605 Main 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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