Kelli Johnson - Coldwell Banker Crown Logo
$374,900
( $52.07Per Sq Foot )
 $2,013 est/mo Sourced by Back At You

30 Graceson Avenue S,Akeley, MN 56433

Akeley, MN 56433

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Description

Investment opportunity in the heart of Akeley! This well-maintained 8-unit apartment complex offers an excellent chance to own a fully occupied income-producing property in one of northern Minnesota's most desirable lake regions. Situated on a convenient half-acre city lot, the property features eight 1-bedroom, 1-bath units with updated flooring, spacious layouts, city water and sewer, separate electric service, and ample off-street parking. Tenants enjoy easy access to downtown Akeley, Walker, Leech Lake, and the area's endless outdoor recreation opportunities including boating, fishing, ATV trails, snowmobiling, hunting, and public land access. The property is located just minutes from local restaurants, shopping, parks, and area employers, making it an attractive housing option year-round. The building consists of approximately 7,200 finished square feet and has demonstrated strong rental demand with stable occupancy. Utilities are separately metered for electric, while the property benefits from low-maintenance vinyl siding and a straightforward management structure. Whether you're looking to expand your investment portfolio or acquire a turnkey multifamily asset in a growing recreational market, this property delivers immediate cash flow and long-term upside potential. Financial information available upon request.

Details

MLS #7083985
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1997
Days On Site81
Listing Provided ByColdwell Banker Realty | Christopher Cullen

Features

Bed(s)8
Bath(s)8
SQ Feet7,200
Story(s)1
Units8
ZoningBusiness/Commercial
Acreage0.50

Interior

CoolingWindow Unit(s)
HeatingBaseboard
AppliancesDishwasher, Electric Water Heater, Range, Refrigerator

Exterior

RoofAge Over 8 Years, Metal, Pitched
Construction MaterialsBlock, Concrete
Lot FeaturesCleared

Parking

Parking FeaturesGravel, Guest Parking, On-Street Parking Only

Utilities

UtilitiesElectric Separate

Taxes

Property5068

Area Information

StateMN
CountyHubbard
CityAkeley
Zip Code56433
Community NameOrignal Townsite/Akeley
School District113
High SchoolWalker-Hackensack-Akeley
Listing VS Median (in Orignal Townsite/Akeley)
Price:
$374,900
low | high
Med:
$374,900
50% of Average
sqft:
7,200
low | high
Med:
7,200
50% of Average
$ / sqft:
$52
low | high
Med:
$52
50% of Average
On site:
81
low | high
Med:
81
100% of Average
Sourced by Back At You

Market Activity 56433

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Additional Information

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 22, 2026 at 3:33:43 PM PDT 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.

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Learn More About This Property

Kelli Johnson

Kelli Johnson

Coldwell Banker Crown Realtors

20363695Graduate, REALTOR Institute, REALTOR, National Association of REALTORS (218) 255-3114kellisj88@gmail.com
StateMN
CountyHubbard
CityAkeley
Zip Code56433
Community NameOrignal Townsite/Akeley
School District113
High SchoolWalker-Hackensack-Akeley
Listing VS Median (in Orignal Townsite/Akeley)
Price:
$374,900
low | high
Med:
$374,900
50% of Average
sqft:
7,200
low | high
Med:
7,200
50% of Average
$ / sqft:
$52
low | high
Med:
$52
50% of Average
On site:
81
low | high
Med:
81
100% of Average
Sourced by Back At You
Listing Updated: July 24, 2026 at 4:41:43 PM PDT

Kelli Johnson - Coldwell Banker Crown