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232 E Broadway Street, Rockville, MN 56369

New Listing

$250,000

Property Type: Multi-Family Bedrooms: 6 Baths: 4 Square Footage: 4,386 Lot Size (sq. ft.): 15,682 Status: Active

Current Price: $250,000 List Date: 7/27/2026 Last Modified: 7/27/2026

Overview

Description

Excellent investment opportunity! This four-unit rental property features two upper-level and two lower-level apartments, all currently occupied, providing immediate rental income. Two of the units have long-term tenants who have rented for over 10 years, offering added stability. Situated on a desirable corner lot, the property includes a detached two-car garage that is also rented for additional income. Ample off-street parking provides convenience for tenants, making this an attractive investment with strong income potential.

Listing Details MLS# 7115818

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1908
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1985
Above Ground SqFt: 3588
Below Grd Total SqFt: 798
Total SqFt: 4386
Foundation Size: 1985
Style: (MF) Four Plex
Total Finished Sqft: 3688.00
Garage Stalls: 2
Lot Dimensions: 120x132
Acres: 0.36
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: None Basement: Concrete Block; Unfinished Construction Status: Previously Owned Exterior: Steel Siding Fencing: None Foundation: Concrete Block Fuel: Electric; Natural Gas Heating: Forced Air Laundry: None Lock Box Type: Combo Lot Description: Corner Lot; Tree Coverage - Light Owner Pays: Insurance; Lawn; Sewer; Snow Removal; Trash Collection Road Frontage: Paved Streets; Township Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Gas; Heat Topography: Level Unit 1 Amenities: Kitchen Window; Main Floor Primary Bedroom Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 1 Family Room Characteristics: Main Level Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: None Unit 2 Dining Room Description: Kitchen/Dining Room Unit 3 Amenities: Kitchen Window Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: None Unit 3 Family Room Characteristics: Main Level Unit 3 Special Search: All Living Fac. on One Level Unit 4 Appliances: Range; Refrigerator Unit 4 Bath Description: Upper Level 3/4 Bath Unit 4 Cooling: None Unit 4 Dining Room Description: Kitchen/Dining Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 250000
ListPrice: 250000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 232
Street Direction Prefix: E
Street Name: Broadway
Street Suffix: Street
Postal City: Rockville
County: Stearns
State: MN
Zip Code: 56369
Complex/Dev/Subdivision: Townsite Of Rockville

Assessments

Tax With Assessments: 1932
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3688

More Information

Income and Expenses

Annual Caretaker Expense: 2400
Annual Gross Expenses: 7824
Annual Gross Income: 29220
Annual Insurance Expense: 4224
Annual Net Income: 21396
Annual Trash Expense: 600
Annual Water/Sewer Expense: 3000
Total Annual Expenses: 7824
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 12.5x32
Garage Square Feet: 384

Public Survey Info

Range#: 29
Section#: 9
Township#: 123

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 6960
Finished SqFt: 650
Full Baths: Yes
Monthly Rent: 580
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 2

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 7200
Finished SqFt: 800
Full Baths: Yes
Monthly Rent: 600
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 3

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 7800
Finished SqFt: 550
Full Baths: Yes
Monthly Rent: 650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 2

Unit 4

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 4
3/4 Baths: Yes
Annual Rent: 5700
Finished SqFt: 500
Monthly Rent: 475
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 2

Unit Details

Total Units: 4

Office/Member Info

Association: SCAAR

Location, Tax and Other Information

Legal Description: LOTS 1 & 2 BLOCK 43
Listing City: Rockville
Map Page: 999
Municipality: Rockville
School District: Rocori
School District Phone: 320-685-4901
Zip Plus 4: 8530
Property ID Number: 76422400068
Tax Year: 2025
Tax Amount: 1932
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Excellent investment opportunity! This four-unit rental property features two upper-level and two lower-level apartments, all currently occupied, providing immediate rental income. Two of the units have long-term tenants who have rented for over 10 years, offering added stability. Situated on a desirable corner lot, the property includes a detached two-car garage that is also rented for additional income. Ample off-street parking provides convenience for tenants, making this an attractive investment with strong income potential.
Directions: Hwy 23 W to West on Broadway St.

Accessible

None: Yes

Amenities Shared

None: Yes

Basement

Concrete Block: Yes
Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Steel Siding: Yes

Fencing

None: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

None: Yes

Lock Box Type

Combo: Yes

Lot Description

Corner Lot: Yes
Tree Coverage - Light: Yes

Owner Pays

Insurance: Yes
Lawn: Yes
Sewer: Yes
Snow Removal: Yes
Trash Collection: Yes

Patio, Porch and Deck Features

Deck: Yes

Road Frontage

Paved Streets: Yes
Township: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Heat: Yes

Unit 1 Amenities

Kitchen Window: Yes
Main Floor Primary Bedroom: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

None: Yes

Unit 2 Dining Room Description

Kitchen/Dining Room: Yes

Unit 3 Amenities

Kitchen Window: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Main Floor Full Bath: Yes

Unit 3 Cooling

None: Yes

Unit 3 Family Room Characteristics

Main Level: Yes

Unit 3 Special Search

All Living Fac. on One Level: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Bath Description

Upper Level 3/4 Bath: Yes

Unit 4 Cooling

None: Yes

Unit 4 Dining Room Description

Kitchen/Dining Room: Yes

Listing Office: Edina Realty, Inc

Last Updated: July - 27 - 2026

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