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Windom Rivers 1955 1st Ave N 37 Unit Apartment Building For Sale Windom, MN 56101

Apartment Buildings Minnesota Windom 1955 1st Ave N, Windom, MN 56101

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Executive Summary

Affordable housing investment opportunity featuring a thoughtfully converted motel comprised of 37 apartment units across three buildings. Originally constructed in 2000 and extensively renovated in 2020, the property offers modernized interiors with updated kitchens, bathrooms, and durable vinyl plank flooring throughout. The complex includes 10 detached garages, 4 storage lockers, an on-site leasing office, laundry facility, and dedicated mail room, providing residents with convenient amenities and strong operational functionality. This asset benefits from an existing property tax abatement, enhancing cash flow and long-term investment performance. Positioned in a community experiencing a significant housing shortage, the property fulfills an important affordable housing need while offering stable occupancy potential and strong rental demand.

Property Facts

Sale Type Investment Lot Size 3.76 AC
No. Units 37 Building Size 33,164 SF
Property Type Multifamily No. Stories 1
Property Subtype Apartment Year Built 2021
Apartment Style Low-Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class B
Sale Type Investment
No. Units 37
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 3.76 AC
Building Size 33,164 SF
No. Stories 1
Year Built 2021
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Oven
  • Range
  • Tub/Shower
  • Pantry

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 37 - 500
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Source: Local Logic®

Property Taxes

Parcel Numbers
Multiple
  • 25-622-0022
  • 25-622-0010
 Improvements Assessment $2,090,800
Land Assessment $144,500 Total Assessment $2,235,300

Property Taxes

Parcel Numbers
Multiple
  • 25-622-0022
  • 25-622-0010
Land Assessment
$144,500
Improvements Assessment
$2,090,800
Total Assessment
$2,235,300
(651) 500-4720

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41875246

  • Date on Market: 8/25/2026

  • Last Updated:

  • Address: 1955 1st Ave N, Windom, MN 56101

The Multifamily Property at 1955 1st Ave N, Windom, MN 56101 is currently available for Sale. Contact Kevin Goettl for more information.

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Windom Rivers | 1955 1st Ave N

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