201 5th Street N
$189,900

201 5th Street N, Grove City, MN 56243

Meeker County · MLS# 7083729
4 Beds
3.0 Baths
2,104 Sq Ft
0.76 Acres
Built 1918

Highlights

No HOA

About This Home

Incredible turnkey multi-family investment or owner-occupied rental! This beautifully converted property features 3 separate apartment units generating over $2,500/month in steady, reliable cash flow.

The versatile layout has a spacious 2-bedroom, 1-bathroom unit upstairs (Unit C), and two separate 1-bedroom, 1-bathroom units downstairs (Units A & B). Every unit boasts its own kitchen, bathroom, and dedicated water heater for maximum tenant convenience.

Enjoy ultimate peace of mind with long-term, government-assisted tenants already in place. All units have been fully inspected and passed HRA compliance, guaranteed monthly income directly to you. Looking to house-hack? Move into the upstairs 2-bedroom unit and let the two downstairs units generate monthly income!

Additional features include a massive detached 2-car garage. Could be used for owner storage or renting out to tenants for additional residual income—and a beautiful, fully fenced backyard. It could also be used as a large single-family home? This property can easily be converted back into a spacious 5-bedroom residence. Don’t miss out on this high-yield property!

Home Details

Property
TypeSingle Family
Year built1918
Sq footage2,104
Price / sq ft$90
Beds & Baths
Bedrooms4
Full baths3
¾ baths0
Half baths0
Lot & Waterfront
Lot size0.76 acres
Interior
BasementUnfinished
Exterior & Construction
FoundationOther
OutdoorWood
Utilities & Taxes
HeatingForced Air
CoolingNone
WaterCity Water/Connected
Est. annual taxes$2,752

Location

Based on information submitted to the MLS GRID as of August 11, 2026 11:41 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively 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. Data is deemed reliable but not guaranteed by MLS GRID and may be subject to an end-user license agreement.