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722 16th Street SE, Owatonna, MN 55060

New Listing

$300,000

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Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 1,886 Lot Size (sq. ft.): 10,454 Status: Active

Current Price: $300,000 List Date: 7/23/2026 Last Modified: 7/24/2026

Overview

Description

Exceptionally well-maintained up/down duplex offering two spacious 2-bedroom, 1-bath units. This clean, move-in-ready property showcases true pride of ownership and has been meticulously cared for. Recent updates include new furnaces and a new water heater for added peace of mind. Separate gas and electric utilities make management convenient, while the shared laundry area and attached two-car garage add everyday functionality. Originally built as a split-level home, the layout could easily be converted back to a single-family residence if desired, providing excellent flexibility for future use. The current owner occupied the property and did not rent the lower unit, so no rental income history is available. Whether you're looking to owner-occupy, invest, or create a single-family home, this property offers endless potential in a well-maintained package.

Listing Details MLS# 7111527

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1975
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 943
Above Ground SqFt: 943
Below Grd Total SqFt: 943
Total SqFt: 1886
Foundation Size: 943
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1791.00
Garage Stalls: 2
Lot Dimensions: 80 x 132
Acres: 0.24
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Common Laundry Facility; Lobby Assumable Loan: Not Assumable Basement: Concrete Block; Egress Windows; Single Tenant Access Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers Existing Financing: Free and Clear Exterior: Vinyl Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Common Area Lock Box Type: Combo Lot Description: Tree Coverage - Medium Owner Pays: Common Area Maintenance; Grounds Care; Maintenance/Repair; Repairs; Water Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Tenant Pays: Electricity; Gas Unit 1 Amenities: Kitchen Window Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Upper Level Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Informal Dining Room Unit 1 Family Room Characteristics: Main Level Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Full Basement Unit 2 Cooling: Central Unit 2 Dining Room Description: Informal Dining Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 300000
ListPrice: 300000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 722
Street Name: 16th
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Owatonna
County: Steele
State: MN
Zip Code: 55060
Complex/Dev/Subdivision: Dobberstein & Berghs Add

Assessments

Assessment Balance: 64
Tax With Assessments: 3078

Building Information

Finished SqFt Above Ground: 943
Finished SqFt Below Ground: 848

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24 x 24
Garage Square Feet: 576

Unit 1

Furnished?: No
Leased?: No
Unit Number: Yes
Finished SqFt: 954
Full Baths: Yes
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: No
Unit Number: 2
Finished SqFt: 916
Full Baths: Yes
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: BLK.2 LOT 14 EX W29' AND W43' OF LOT 13 DOBBERSTEIN & BERGHS TORRENS PROPERTY
Listing City: Owatonna
Map Page: 999
Municipality: Owatonna
School District: Owatonna
School District Phone: 507-444-8610
Zip Plus 4: 4122
Property ID Number: 172170213
Tax Year: 2026
Tax Amount: 3014
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Exceptionally well-maintained up/down duplex offering two spacious 2-bedroom, 1-bath units. This clean, move-in-ready property showcases true pride of ownership and has been meticulously cared for. Recent updates include new furnaces and a new water heater for added peace of mind. Separate gas and electric utilities make management convenient, while the shared laundry area and attached two-car garage add everyday functionality. Originally built as a split-level home, the layout could easily be converted back to a single-family residence if desired, providing excellent flexibility for future use. The current owner occupied the property and did not rent the lower unit, so no rental income history is available. Whether you're looking to owner-occupy, invest, or create a single-family home, this property offers endless potential in a well-maintained package.
Directions: From the N, I -35S, Bridge St. exit 41, L on Bridge, R on S Grove, Slight R on Austin Rs, L on 16th St SE, home on the L.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes
Lobby: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Egress Windows: Yes
Single Tenant Access: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes
Circuit Breakers: Yes

Existing Financing

Free and Clear: Yes

Exterior

Vinyl: Yes

Fencing

None: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

Common Area: Yes

Lock Box Type

Combo: Yes

Lot Description

Tree Coverage - Medium: Yes

Owner Pays

Common Area Maintenance: Yes
Grounds Care: Yes
Maintenance/Repair: Yes
Repairs: Yes
Water: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

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

Sewer

City Sewer/Connected: 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

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Unit 1 Amenities

Kitchen Window: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Upper Level Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Informal Dining Room: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Full Basement: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Informal Dining Room: Yes

Listing Office: Edina Realty, Inc.

Last Updated: July - 24 - 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.