Expand your investment portfolio with this fully leased, five-unit apartment building in North Brainerd. This two-story property offers an established rental income stream with all five units occupied, making it an appealing opportunity for both first-time and experienced investors. Conveniently located near shopping, dining, services, and everyday amenities, the property provides a practical location tenants can appreciate. A great opportunity to acquire a fully occupied multifamily property in a convenient Brainerd neighborhood.

• Purchase Price: $549,000.00
• Directions: From Hwy 210 (Washington Street) / Hwy 371 (S 6th Street) intersection in Brainerd - East on Washington Street 2 blocks - North on 8th Street N 1 block, Property is the SW corner of 8th Street N and Kingwood Street
• Building Size Total (Sq. Ft): 4,444
• Building Size Main (Sq. Ft): 1,792
• Building Size Upper (Sq. Ft): 1,768
• Building Size Lower (Sq. Ft): 884
• Lot Size (Sq. Ft): 4,410
• Lot Size (Acres): 0.10
• Lot Dimensions: 88' x 50.11'
• Road Frontage: 88’ on Kingwood Street and 50.11’ on 8th Street N
• Price Note: See Agent for Rent Roll & Financials
• Property Tax Year: 2026
• Annual Property Tax: $4,680.00
• Cap Rate: 8.9% (Based on Proforma)
• Property Features / Assets: 5 Units
• Water: City
• Sewer: City
• Heating: Natural Gas Boiler
• Cooling: 1 Mini-Split in Unit #2 plus Tenant Provided Window Units
• Electric – Amps: 100
• Electric – Phase: Single
• Lighting: LED
• Year Built: 1888
• Construction: Wood Frame
• Foundation: Concrete Block
• Roof: Asphalt Shingles (New in 2011)
• Exterior: Stucco
• Bathrooms: 5 Full; 1 Half
• Parking Spaces: On-Street Parking Only
• Neighboring Businesses: Nearby businesses include The Center, Zion Lutheran Church, Little Caesar’s, Cornerstone Liquor, The Shop,The Barn, Pop Culture Museum, North Country Plumbing & Heating, Minnesota School of Diving, Crescent Electric, One Life Tattoo, Penmac, Quality Title, State Farm Insurance, Liberty Tax, Schmitty’s Cards, Boba Stix, Red at Night, Blue Ox Barber, Midtown Nutrition, Strength Studio, Advance Auto, Dollar General plus numerous others.
• Traffic Counts: 2,050 (2019) on 8th St N, 806 (2023) on Kingwood Street and 26,141 (2026) on Washington Street (Hwy 210)
• MLS #: 7163252
• CC File #: 1838
• Zoning: TN-2 - Traditional Neighborhood 2
• PID#: 41241469
• Legal Description: E 88 ft of Lots 1 & 2 Block 42, Subj to Esmnts, Reserv and Restr of Record, Town of Brainerd First Addition to Brainerd