500 S 13th ST, Olivia, MN 56277
500 S 13th ST, Olivia, MN 56277
500 S 13th ST, Olivia, MN 56277
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$674,900
Est. payment /mo
49 Beds
49 Baths
3.82 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 7018242

Bedrooms 49

Year Built 1993

Annual Tax Amount $3,728

Tax Year 2025

Contingent None

Lot Size 3.820 Acres

Lot Dimensions 369x448x371x449

Property Description

49 total apartment units. 48 one bedroom units, one 2 bedroom unit. 4 buildings total. Three 16 unit buildings. The fourth building includes office , community room and two bedroom apartment. On linear pond to the South. Plenty of off parking. Brand new electric panels in all four buildings. Common laundry rooms in each building. Wall ACs. Close to parks and playground. Two sheds included. Possibly room on property for community gardens. *property needs updating approximately half the units are vacant. A couple+ are gutted.
**Affordable housing under a Section 8 contract, that the buyers will need to get 2530 Clearance with HUD- HUD contract til 2035** Sold As is
Gross rent is Pro-Forma
3 Roofs in the last 8 -10 years. All the electric panels plus -basically brand new. Conveniently located in town of Olivia.

Location

State MN

County Renville

Zoning Residential-Multi-Family

Rooms

Family Room Amusement/Party Room, Community Room, Other

Basement None

Interior

Heating Baseboard, Radiant

Cooling Wall Unit(s)

Flooring Carpet, See Remarks, Vinyl

Inclusions Building, Fixture/Equipment, Land, Leases, Other

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Asphalt, Parking Lot, Unassigned, Open

Fence None

Pool None

Utilities Available Electric Common, Heating Common, Hot Water Common

Waterfront Description Pond

View Y/N South

View South

Roof Type Age 8 Years or Less,Asphalt,Pitched

Present Use Residential

Road Frontage N

Building

Lot Description Property Adjoins Public Land, Tree Coverage - Medium

Story Two

Foundation 11000

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Bird Island-Olivia-Lake Lillian

Others

Virtual Tour https://partnershipinvestmentgroup.com/re/2026/olivia.html


Read Less Info
Listed by Mark Lentsch • Lentsch Company

Nearby Locations

GET MORE INFORMATION

David Broll

David Broll

+1(320) 583-8795

Team Leader/CEO

Team Leader/CEO

Name

Name

Phone*

Phone

Message