Enjoy the appeal of a country setting with the convenience of town nearby. Located on Riverside Drive in Brainerd, this single-story, five-unit apartment building offers an attractive investment opportunity with all five units currently occupied. The property combines a relaxed, country feel with easy access to Brainerd’s shopping, dining, and everyday amenities. Whether you’re expanding an existing rental portfolio or entering the multifamily market, this fully occupied property offers established rental income in a location tenants can appreciate.

• Purchase Price: $599,000.00
• Directions: From Hwy 210 (Washington Street) / NW 4th Street intersection in Brainerd - North on NW 4th Street - At the Roundabout, exit onto Riverside Drive - Property is located on the North just after McKay Road
• Building Size Total (Sq. Ft): 3,360
• Building Size Main (Sq. Ft): 2,880
• Building Size Lower (Sq. Ft): 480
• Lot Size (Sq. Ft): 53,037
• Lot Size (Acres): 1.22
• Lot Dimensions: 264.63’ x 214.65’ x 264.68’ x 214.67’
• Road Frontage: 264.63’ on Riverside Drive
• Price Note: See Agent for Rent Roll & Financials
• Property Tax Year: 2026
• Annual Property Tax: $4,628.00
• Cap Rate: 8.4% (Based on Proforma)
• Property Features / Assets: 5 Units
• Water: City
• Sewer: City
• Heating: Units 1-4: Natural Gas Boiler (New in January 2025); Unit 5: 2 Electric Wall Heaters
• Cooling: Unit 5: 1 Mini-Split
• Electric – Amps: 100
• Electric – Phase: Single
• Lighting: LED
• Year Built: 1980
• Construction: Wood Frame
• Foundation: Concrete Block
• Roof: Asphalt Shingles (Roof, Gutters & Windows are less than 5 Years old)
• Exterior: Concrete Block & Metal
• Bathrooms: 5 (1 per Unit)
• Parking Spaces: Off-Street Gravel Parking Area in Front of Building
• Neighboring Businesses: Located in a rural residential area, those nearby include Edgewood Brainerd, Pinecrest of Country Manor, Essentia Health Sports Center, Brainerd License Office, Walgreens, Wendy’s, Caribou, McDonalds, Westgate Mall, Burger King, 7Brew, Westport Center, Lakes 12 Theater, Casey’s, plus numerous others.
• Traffic Counts: 2,116 (2023) on Riverside Drive
• MLS #: 7163290
• CC File #: 1839
• Zoning: GL - Garden Living
• PID#: 41340593
• Legal Description: That part of Govt Lot 5 desc as follows; comm at the SW corner of said Govt Lot 5, then N 00 Deg 30 Min W 345.60 ft alg the W line of said Govt Lot 5 to the centerline of CSAH 20, the Scenic River Road, then N 66 Deg 03 Min E alg said Centerline, 423 ft to the point of intersection with the centerline of McKay Rd, the point of beg, then N 02 Deg 57 Min W alg the centerline of said McKay Rd, a dist of 250 ft, then S 66 Deg 03 Min W 300 ft, then S 02 Deg 57 Min E 250 ft, then N 66 Deg 03 Min E 300 ft to the point of beg. Suject to an easement of record for CSAH #20.