400 S Main Street, Pine Island, MN 55963
New Listing
$275,000
Property Type:
Multi-Family
Bedrooms:
7
Baths:
2
Square Footage:
2,574
Lot Size (sq. ft.):
8,276
Status:
Active
Current Price:
$275,000
List Date:
7/21/2026
Last Modified:
7/22/2026
Overview
Description
Listing Details MLS# 7113128
General Property Information
- Lot Measurement
- Square Feet
- Multiple PIDs?
- No
- Owner Occupied
- No
- Waterfront YN
- No
- Year Built
- 1900
- Yearly/Seasonal
- Yearly
- Zoning
- Business/Commercial
- Main Floor Total SqFt
- 1190
- Above Ground SqFt
- 2182
- Below Grd Total SqFt
- 392
- Total SqFt
- 2574
- Foundation Size
- 392
- Lot Size SqFt
- 8276
- Style
- (MF) Duplex Up and Down
- Total Finished Sqft
- 2182.00
- Garage Stalls
- Yes
- Lot Dimensions
- 66'x124'
- Assessment Pending
- No
Property Features
Accessible:
None
Basement:
Partial; Sump Pump; Unfinished
Construction Status:
Previously Owned
Exterior:
Steel Siding
Foundation:
Stone
Fuel:
Natural Gas
Heating:
Forced Air
Lock Box Type:
Combo
Owner Pays:
None
Rental License Type:
Standard
Road Frontage:
City Street; Sidewalks
Road Responsibility:
Public Maintained Road
Sewer:
City Sewer - In Street; City Sewer/Connected
Stories:
Two
Tenant Pays:
All Utilities
Unit 1 Special Search:
4 BR on One Level; Main Floor Laundry
Water:
City Water - In Street; City Water/Connected
Contract Information
- Contingency
- None
- Original List Price
- 275000
- ListPrice
- 275000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 400
- Street Direction Prefix
- S
- Street Name
- Main
- Street Suffix
- Street
- Postal City
- Pine Island
- County
- Goodhue
- State
- MN
- Zip Code
- 55963
- Complex/Dev/Subdivision
- Auditors
Assessments
- Tax With Assessments
- 4664
- Assessment Balance
- 0
Basement
- Foundation Dimensions
- 14'x18'
- Partial
- Yes
- Sump Pump
- Yes
- Unfinished
- Yes
More Information
Building Information
- Finished SqFt Above Ground
- 2182
Income and Expenses
- Annual Gross Income
- 27300
- Annual Insurance Expense
- 2241
- Annual Maintenance Expense
- 500
- Annual Repair Expense
- 250
- Total Annual Expenses
- 500
- Annual Caretaker Expense
- 0
- Annual Electric Expense
- 0
- Annual Fuel Expense
- 0
- Annual Gross Expenses
- 0
- Annual Trash Expense
- 0
- Annual Water/Sewer Expense
- 0
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- DP Resource
- Yes
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Dimensions
- 14'x24'
- Garage Square Feet
- 336
Unit 1
- Furnished?
- No
- Leased?
- No
- Level
- Main Level
- Unit Number
- Yes
- Annual Rent
- 14700
- Finished SqFt
- 1190
- Full Baths
- Yes
- Monthly Rent
- 1225
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 4
- Total Rooms
- 6
Unit 2
- Furnished?
- No
- Leased?
- No
- Unit Number
- 2
- Annual Rent
- 12600
- Finished SqFt
- 992
- Full Baths
- Yes
- Monthly Rent
- 1050
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 3
- Total Rooms
- 6
Unit Details
- Total Units
- 2
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- A S SW1/4 SW1/4 32 .19 AC DOC#587673 N68FT 7.5IN LOT 2
- Listing City
- Pine Island
- Map Page
- 999
- Municipality
- Pine Island
- School District
- Pine Island
- School District Phone
- 507-356-4849
- Zip Plus 4
- 9022
- Property ID Number
- 682800011
- Tax Year
- 2026
- Tax Amount
- 4664
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- The property is an up/down duplex located just south of downtown Pine Island, providing convenient access to Main Street and local amenities. Two- to four-unit opportunities remain limited in southeast Minnesota, and this duplex has demonstrated a strong rental history with minimal vacancy over the past 15 years under current ownership. The main-floor unit offers four bedrooms along with a remodeled kitchen, updated LVP flooring, new appliances, and a new furnace, while the upper unit includes three bedrooms. Both units feature in-unit laundry. Exterior elements include a detached one-car garage, a large covered front porch, and a rear concrete patio. The combination of unit size, recent updates, and long-term rental performance makes this property a practical option for both investors and owner-occupants seeking additional income potential.
- Directions
- South on Main St, take right on 4th St SW turn into first driveway on left. Blue house on corner.
Accessible
- None
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Steel Siding
- Yes
Foundation
- Stone
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Lock Box Type
- Combo
- Yes
Owner Pays
- None
- Yes
Patio, Porch and Deck Features
- Front Porch
- Yes
- Patio
- Yes
Rental License Type
- Standard
- Yes
Road Frontage
- City Street
- Yes
- Sidewalks
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Sewer
- City Sewer - In Street
- Yes
- City Sewer/Connected
- Yes
Stories
- Two
- Yes
Water
- City Water - In Street
- Yes
- City Water/Connected
- Yes
Tenant Pays
- All Utilities
- Yes
Unit 1 Special Search
- 4 BR on One Level
- Yes
- Main Floor Laundry
- Yes
Listing Office:
RE/MAX Results
Last Updated: July - 22 - 2026
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