$379,000

Deerwood MN 56444

Excellent investment opportunity in the growing Cuyuna area with this well-maintained five-unit apartment building offering strong rental potential. This historic property was once a local school and has been converted into residential apartments, providing a unique blend of character and functionality. The building includes two one-bedroom units and three two-bedroom units, each with separately metered electric service and its own garage. The property is heated by a propane boiler serving the entire building, and each unit features an electric wall fireplace. One unit also includes a mini-split air conditioning system. The building offers convenient on-site coin-operated laundry and includes a dedicated boiler/mechanical room and additional storage space. Located just minutes from the Cuyuna mine pits and world-renowned mountain bike trails, this property offers strong appeal in a highly desirable recreational destination.

Additional Details

Year Built:	1920
Bedrooms:	8
Bathrooms:	5
Acres:	0.55 Acres
Lot Dimensions:	120x200
Garage Spaces:	5
School District:	904
Subdivision:	Foleys First Add Cuyuna
County:	Crow Wing
Taxes:	$2,668
Taxes with Assessments:	$2,668
Tax Year:	2025

Additional Features

Fuel: Array
Sewer: City Sewer/Connected
Water: City Water/Connected
Appliances: Range, Refrigerator

Listing Status

Active
2026-03-12 19:02:48 Date Listed
2026-03-13 00:03:26 Last Update
2026-03-12 20:46:08 Last Photo Update
66 miles from our office

info@affinityrealestate.com

35:1

Listed By : LPT Realty, LLC.

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