1028 S Cedar Avenue Owatonna, MN $ 255,000
1028 S Cedar Avenue
$ 255,000
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1028 S Cedar Avenue

Owatonna, MN, 55060
$ 255,000
Bedrooms5 Baths2.2 Sq 2,894

Monthly Estimate*

$ 1,761

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Multi-Family Home for sale in Owatonna, MN

for $255,000 with 5 bedrooms and 2 full baths, 2 half baths. This 2,894 square foot home was built in 1900 on a lot size of 0.394.

Looking for a way to own a home while generating rental income? Welcome to 1028 S Cedar Ave in Owatonna! This side-by-side duplex offers a great opportunity for both owner occupants and investors. Unit 1 features 2 bedrooms and 2 bathrooms, with the upstairs recently fully renovated. Unit 2 offers 3 bedrooms and 2 bathrooms with plenty of living space throughout. The property is currently owner occupied on one side with a tenant in the other, making it a great option to live in one unit while generating rental income from the other, or rent out both units as an investment property. Each unit has separate utilities, laundry, and additional basement space. Outside, you'll find a large yard and detached 2-car garage. Conveniently located close to every day essentials and downtown Owatonna, this property offers plenty of flexibility for its next owner. Schedule your showing today!

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Multi-Family Active

Price

$ 255,000

Bedrooms

5

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 4,802

Style

Duplex Side by Side

Lot Size

0.394

Year Built

1900

Town/City

Owatonna

County/Region

Steele

MLS | Web ID

7142534

Features
General
Living Area 2894
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 2
Year Built 1900
Tenant Pays All Utilities Trash Collection
Levels Two
Property Subtype Duplex Side by Side
Tax Year 2026
Gross Income 12000
Accessibility None
County Steele
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Directions Highway 14 North on S Cedar Ave
City Owatonna
High School District Owatonna
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 4802
Electric Expense 0
Fuel Expense 0
Trash Expense 436
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Above Grade Finished Area 2894
Total Bedrooms 5
Below Grade Finished Area 0
Total Baths 4
Fuel Natural Gas
Garage Dimensions 24x30
Garage Square Feet 720
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Exterior
Parking Features Detached Garage Gravel Shared Driveway
Water Source City Water/Connected
Lot Size Area 0.394
Building Area Total 3897
Lot Dimensions 99x167
Waterfront Y/N N
Foundation Area 1003
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Internal Only
Street Number 1 1028
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* Excluded Features
List By
Re/Max Advantage Plus

Broker

davidbauerrealtor@gmail.com

Email

Affordability Calculator

$2,161
Per Month
81%
19%
0%
Monthly Principal & Interest
$1,761
Monthly Property Taxes
$400
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708449 Elementary School
708755 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2026$255,000 Listed Price

Map


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1028 S Cedar Avenue, Owatonna, MN, 55060 is a Multi-Family Home for sale at $255,000 with 2,894 sqft and a lot size of 0.394. 1028 S Cedar Avenue has 5 bedrooms, 2.2 baths, and was built in 1900. The property's zip code is 55060 which is in Owatonna, MN