232 E Broadway Street, Rockville, MN 56369 (MLS# 7115818)
$225,000
Rockville, MN 56369
MLS# 7115818
6 beds | 4 baths | 4386 sqft
1 / 29
Property Description
Excellent investment opportunity! This four-unit rental property features two upper-level and two lower-level apartments, all currently occupied, providing immediate rental income. Two of the units have long-term tenants who have rented for over 10 years, offering added stability. Situated on a desirable corner lot, the property includes a detached two-car garage that is also rented for additional income. Ample off-street parking provides convenience for tenants, making this an attractive investment with strong income potential.
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 225000
Original List Price: 250000
ListPrice: 225000
List Date: 2026-07-27
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1908
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 6
Baths Total: 4
Main Floor Total SqFt: 1985
Above Ground SqFt: 3588
Below Grd Total SqFt: 798
Total SqFt: 4386
Foundation Size: 1985
Style: (MF) Four Plex
Total Finished Sqft: 3688.00
Garage Stalls: 2
Lot Dimensions: 120x132
Acres: 0.36
Assessment Pending: No
Location Tax and Other Information
House Number: 232
Street Direction Prefix: E
Street Name: Broadway
Street Suffix: Street
Postal City: Rockville
County: Stearns
State: MN
Zip Code: 56369
Complex/Dev/Subdivision: Townsite Of Rockville
Assessments
Tax With Assessments: 1932
Building Information
Finished SqFt Above Ground: 3688
Income and Expenses
Annual Caretaker Expense: 2400
Annual Gross Expenses: 7824
Annual Gross Income: 29220
Annual Insurance Expense: 4224
Annual Net Income: 21396
Annual Trash Expense: 600
Annual Water/Sewer Expense: 3000
Total Annual Expenses: 7824
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 12.5x32
Garage Square Feet: 384
Public Survey Info
Range#: 29
Section#: 9
Township#: 123
Unit 1
Furnished?: No
Leased?: Yes
Unit Number: 1
Annual Rent: 6960
Finished SqFt: 650
Full Baths: 1
Monthly Rent: 580
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 2
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 7200
Finished SqFt: 800
Full Baths: 1
Monthly Rent: 600
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 3
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 7800
Finished SqFt: 550
Full Baths: 1
Monthly Rent: 650
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 2
Unit 4
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 4
3/4 Baths: 1
Annual Rent: 5700
Finished SqFt: 500
Monthly Rent: 475
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 2
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: None
Basement: Concrete Block; Unfinished
Construction Status: Previously Owned
Exterior: Steel Siding
Fencing: None
Foundation: Concrete Block
Fuel: Electric; Natural Gas
Heating: Forced Air
Laundry: None
Lock Box Type: Combo
Lot Description: Corner Lot; Tree Coverage - Light
Owner Pays: Insurance; Lawn; Sewer; Snow Removal; Trash Collection
Road Frontage: Paved Streets; Township
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Cable TV; Electricity; Gas; Heat
Topography: Level
Unit 1 Amenities: Kitchen Window; Main Floor Primary Bedroom
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: None
Unit 1 Family Room Characteristics: Main Level
Unit 2 Appliances: Range; Refrigerator
Unit 2 Bath Description: Upper Level Full Bath
Unit 2 Cooling: None
Unit 2 Dining Room Description: Kitchen/Dining Room
Unit 3 Amenities: Kitchen Window
Unit 3 Appliances: Range; Refrigerator
Unit 3 Bath Description: Main Floor Full Bath
Unit 3 Cooling: None
Unit 3 Family Room Characteristics: Main Level
Unit 3 Special Search: All Living Fac. on One Level
Unit 4 Appliances: Range; Refrigerator
Unit 4 Bath Description: Upper Level 3/4 Bath
Unit 4 Cooling: None
Unit 4 Dining Room Description: Kitchen/Dining Room
Water: City Water/Connected
Listing Office: Edina Realty, Inc
Last Updated: October - 13 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Thursday 15th of October 2026 03:42 PM
218-998-4400
Mohagen Real Estate
Let's Connect
Mohagen Real Estate
sue@MohagenRealEstate.com
Office: 218-998-4400
Cell: 218-731-7376
Mohagen Real Estate is licensed in the State of Minnesota