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704 8th Avenue S, Saint Cloud, MN 56301

New Listing

$400,000

Prime Investment Opportunity – 4-Unit Multi-Family Near St. Cloud State University

Don't miss this exceptional income-producing property situated just a short walk from St. Cloud State University, Lake George, and downtown's restaurant scene.

Spacious living room with charming built-ins, new paint, luxury vinyl plank flooring throughout.

Beautifully updated kitchen with new cabinets, new appliances and new lighting.

Large windows flood the room with natural light.

Updated main level 3 bedroom unit full bathroom

Large family room in the lower level 2-bedroom unit.

Updated luxury vinyl plank flooring throughout.

Lower level unit bedroom with new carpet.

Lower level unit 2-bedroom unit full bathroom.

12 off street parking spots for 4 units!

Property Type: Multi-Family Bedrooms: 7 Baths: 4 Square Footage: 4,770 Lot Size (sq. ft.): 10,890 Status: Active

Current Price: $400,000 List Date: 6/17/2026 Last Modified: 6/18/2026

Overview

Description

Don't miss this exceptional income-producing property situated just a short walk from St. Cloud State University, Lake George, and downtown's restaurant scene. With strong curb appeal and 12 off-street parking spaces, this property checks the boxes investors and tenants both look for. This well-maintained fourplex offers a mix of updated, move-in-ready units alongside additional units with upside potential, allowing a new owner to add value and grow rents over time. The main level 3-bedroom unit has been fully renovated and features custom built-ins, luxury vinyl plank flooring throughout, an updated kitchen with new appliances, a spacious living room, an updated bathroom, and fresh paint throughout. The lower level 2-bedroom unit has also seen recent updates, including new luxury vinyl plank flooring, fresh paint and drywall, new flooring in one bedroom, and updated lighting fixtures. Rounding out the property are an upper level 1-bedroom unit and a main level 1-bedroom unit, both off ... (Read more)

Listing Details MLS# 7087061

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1940
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 2062
Above Ground SqFt: 2708
Below Grd Total SqFt: 2062
Total SqFt: 4770
Foundation Size: 2062
Style: (MF) Four Plex
Total Finished Sqft: 3947.00
Lot Dimensions: 83 X 135
Acres: 0.25
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned; Porch Basement: Full Construction Status: Previously Owned Exterior: Wood Foundation: Concrete Block Fuel: Electric; Natural Gas Heating: Baseboard; Forced Air Laundry: Common Area; Laundry Room Lot Description: Corner Lot; Public Transit (w/in 6 blks); Tree Coverage - Light Parking Characteristics: Paved Lot; Uncovered/Open Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA; Other Sewer: City Sewer/Connected Stories: One and One Half Unit 1 Amenities: Main Floor Primary Bedroom Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Living/Dining Room Unit 1 Family Room Characteristics: Family Room; Main Level Unit 1 Fireplace Char: Gas Burning Unit 1 Special Search: Main Floor Bedroom; 3 BR on One Level; Main Floor Primary Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Central Unit 2 Family Room Characteristics: Family Room Unit 2 Fireplace Char: Wood Burning Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: Window Unit 4 Appliances: Dishwasher; Range; Refrigerator Unit 4 Bath Description: Main Floor Full Bath Unit 4 Cooling: Window Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 400000
ListPrice: 400000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 704
Street Name: 8th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Saint Cloud
County: Stearns
State: MN
Zip Code: 56301
Complex/Dev/Subdivision: A A Browns Add

Assessments

Tax With Assessments: 3894
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2708
Finished SqFt Below Ground: 1239

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 28
Section#: 14
Township#: 124

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
# of Fireplaces: Yes
Full Baths: Yes
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: No
Level: Below Ground
Unit Number: 2
# of Fireplaces: Yes
Full Baths: Yes
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 3

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 10020
Full Baths: Yes
Monthly Rent: 835
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit 4

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 14220
Full Baths: Yes
Monthly Rent: 1185
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 7 & N1/2 OF LOT 8 BLK 58 A A BROWN'S ADD SECTION 14 TOWNSHIP 124 RANGE 028
Listing City: Saint Cloud
Map Page: 231
Municipality: Saint Cloud
School District: St. Cloud
School District Phone: 320-253-9333
Property ID Number: 82447610000
Tax Year: 2026
Tax Amount: 3894
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Don't miss this exceptional income-producing property situated just a short walk from St. Cloud State University, Lake George, and downtown's restaurant scene. With strong curb appeal and 12 off-street parking spaces, this property checks the boxes investors and tenants both look for. This well-maintained fourplex offers a mix of updated, move-in-ready units alongside additional units with upside potential, allowing a new owner to add value and grow rents over time. The main level 3-bedroom unit has been fully renovated and features custom built-ins, luxury vinyl plank flooring throughout, an updated kitchen with new appliances, a spacious living room, an updated bathroom, and fresh paint throughout. The lower level 2-bedroom unit has also seen recent updates, including new luxury vinyl plank flooring, fresh paint and drywall, new flooring in one bedroom, and updated lighting fixtures. Rounding out the property are an upper level 1-bedroom unit and a main level 1-bedroom unit, both offering excellent opportunity for cosmetic improvements to boost rental income further. Building-wide improvements add peace of mind and reduce deferred maintenance, including a new furnace and ductwork servicing all units, a new water heater, and updated keypad entry systems on every unit. The basement includes a dedicated owner's storage room, additional tenant storage, and a shared coin-operated laundry room providing supplemental income. With its unbeatable location near campus, the lake, and downtown amenities, combined with a blend of updated units and value-add opportunities, this property is a must-see for any investor looking to expand their portfolio.
Directions: 494 N to 94 W to Co. Rd 75t0 Clearwater Rd to 8th Ave S

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes
Porch: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes
Forced Air: Yes

Laundry

Common Area: Yes
Laundry Room: Yes

Lot Description

Corner Lot: Yes
Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Parking Characteristics

Paved Lot: Yes
Uncovered/Open: Yes

Patio, Porch and Deck Features

Front Porch: Yes
Side Porch: Yes

Roof

Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
Other: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

One and One Half: Yes

Water

City Water/Connected: Yes

Income and Expenses

Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Unit 1 Amenities

Main Floor Primary Bedroom: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Living/Dining Room: Yes

Unit 1 Family Room Characteristics

Family Room: Yes
Main Level: Yes

Unit 1 Fireplace Char

Gas Burning: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes
3 BR on One Level: Yes
Main Floor Primary: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Family Room Characteristics

Family Room: Yes

Unit 2 Fireplace Char

Wood Burning: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Main Floor Full Bath: Yes

Unit 3 Cooling

Window: Yes

Unit 4 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 4 Bath Description

Main Floor Full Bath: Yes

Unit 4 Cooling

Window: Yes

Listing Office: Keller Williams Premier Realty Lake Minnetonka

Last Updated: June - 18 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.