Currently, there are 0 Apartment Building listings for sale near Mountain Iron, MN. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.

The average price per square foot for Mountain Iron apartment buildings for sale is about $166.

When available, the price of these buildings in Mountain Iron, MN varies greatly based on the number of units, condition of the building, available amenities, general location, etc.

The average size of apartment buildings for sale in Mountain Iron, MN is approximately 27,833 SF. The largest building available is 57,248 SF and the smallest is 12,600 SF.

Cap rates for apartment buildings in Mountain Iron, MN typically range between 8.46% and 8.54%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.

In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.

Depending on the location within the city of Mountain Iron, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Mountain Iron, MN.