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605 Main Street, Tower, MN 55790

Tower
Local realty services provided by:CENTURY 21 FM Realty
605 Main Street,Tower, MN 55790
$329,900
  • 8 Beds
  • 4 Baths
  • 4,464 sq. ft.
  • Multi-family
  • Pending
Listed by: chessica l olson
Office: anchor realty
MLS#:7046763
Source:NSMLS

Price summary

  • Price:$329,900
  • Price per sq. ft.:$73.9

About this home

Exceptional turn-key 4-plex opportunity in the heart of Tower, MN — just one block from beautiful Lake Vermilion. Whether you’re an investor looking for strong cash flow or a first-time home buyer wanting tenants to help pay the mortgage, this property offers endless potential. The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases. Located in one of northern Minnesota’s premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm. Additional opportunity available with a neighboring commercial lot that may be purchased together or separately. Live in one unit while...

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Home facts

  • Year built:1982
  • Subdivision & Development:Tower
  • Listing ID #:7046763
  • Added:118 day(s) ago
  • Updated:July 31, 2026 at 08:47 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Basement:Yes
  • Living area:4,464 sq. ft.

Heating and cooling

  • Heating:Boiler

Structure and exterior

  • Year built:1982
  • Building area:4,464 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Block
  • Levels:2 Story

Utilities

  • Water:City Water - In Street
  • Sewer:City Sewer - In Street

Finances and disclosures

  • Price:$329,900
  • Price per sq. ft.:$73.9
  • Tax amount:$758 (2025)

Parking

  • Parking description:Gravel, Off Site, On-Street Parking Only
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. NSMLS Member Broker: John Colvin

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