jeremy@brainerdhomesales.com
218-838-0540
MLS# 6741796 - 403 N 5th Street Mahnomen, MN 56557
Baxter Office

15244 State Hwy 371
Baxter, MN 56425
218-838-0540
jeremy@brainerdhomesales.com

Nisswa Office

4820 County Rd. 77
Nisswa, MN 56468
218-963-7767
jeremy@brainerdhomesales.com

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Seize this rare opportunity to own a well-maintained, income-producing 15-plex in the heart of Mahnomen. Located just off Highway 59 at 403 N 5th St, this property features a strong unit mix of 1 one-bedroom, 8 two-bedroom, and 6 three-bedroom apartments—designed to meet the needs of a broad tenant base in the area. Each unit is thoughtfully laid out for comfortable living, and the property includes 15 single-stall garages, offering added convenience and value for tenants. Whether you're a seasoned investor or expanding your portfolio, this asset presents stable cash flow with upside. A key recent improvement includes a new roof installed approximately 2 years ago, offering peace of mind and reducing near-term capital expenses for investors Bonus Development Opportunity: Situated on a 1.57 acre lot, the property also includes a buildable area behind the garages, ideal for constructing another multifamily building or adding amenities to increase future income potential (subject to city approval). Located just off Highway 59, this property enjoys easy access to downtown Mahnomen, local employers, schools, and essential services.

eXp Realty (3523 FGO) is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Jeremy Johnson is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Jeremy Johnson, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .

Seize this rare opportunity to own a well-maintained, income-producing 15-plex in the heart of Mahnomen. Located just off Highway 59 at 403 N 5th St, this property features a strong unit mix of 1 one-bedroom, 8 two-bedroom, and 6 three-bedroom apartments—designed to meet the needs of a broad tenant base in the area. Each unit is thoughtfully laid out for comfortable living, and the property includes 15 single-stall garages, offering added convenience and value for tenants. Whether you're a seasoned investor or expanding your portfolio, this asset presents stable cash flow with upside. A key recent improvement includes a new roof installed approximately 2 years ago, offering peace of mind and reducing near-term capital expenses for investors Bonus Development Opportunity: Situated on a 1.57 acre lot, the property also includes a buildable area behind the garages, ideal for constructing another multifamily building or adding amenities to increase future income potential (subject to city approval). Located just off Highway 59, this property enjoys easy access to downtown Mahnomen, local employers, schools, and essential services.

eXp Realty (3523 FGO) is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Jeremy Johnson is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Jeremy Johnson, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .

Seize this rare opportunity to own a well-maintained, income-producing 15-plex in the heart of Mahnomen. Located just off Highway 59 at 403 N 5th St, this property features a strong unit mix of 1 one-bedroom, 8 two-bedroom, and 6 three-bedroom apartments—designed to meet the needs of a broad tenant base in the area. Each unit is thoughtfully laid out for comfortable living, and the property includes 15 single-stall garages, offering added convenience and value for tenants. Whether you're a seasoned investor or expanding your portfolio, this asset presents stable cash flow with upside. A key recent improvement includes a new roof installed approximately 2 years ago, offering peace of mind and reducing near-term capital expenses for investors Bonus Development Opportunity: Situated on a 1.57 acre lot, the property also includes a buildable area behind the garages, ideal for constructing another multifamily building or adding amenities to increase future income potential (subject to city approval). Located just off Highway 59, this property enjoys easy access to downtown Mahnomen, local employers, schools, and essential services.

eXp Realty (3523 FGO) is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Jeremy Johnson is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Jeremy Johnson, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .

Seize this rare opportunity to own a well-maintained, income-producing 15-plex in the heart of Mahnomen. Located just off Highway 59 at 403 N 5th St, this property features a strong unit mix of 1 one-bedroom, 8 two-bedroom, and 6 three-bedroom apartments—designed to meet the needs of a broad tenant base in the area. Each unit is thoughtfully laid out for comfortable living, and the property includes 15 single-stall garages, offering added convenience and value for tenants. Whether you're a seasoned investor or expanding your portfolio, this asset presents stable cash flow with upside. A key recent improvement includes a new roof installed approximately 2 years ago, offering peace of mind and reducing near-term capital expenses for investors Bonus Development Opportunity: Situated on a 1.57 acre lot, the property also includes a buildable area behind the garages, ideal for constructing another multifamily building or adding amenities to increase future income potential (subject to city approval). Located just off Highway 59, this property enjoys easy access to downtown Mahnomen, local employers, schools, and essential services.

eXp Realty (3523 FGO) is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Jeremy Johnson is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Jeremy Johnson, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .