500 S 13th Street Olivia, MN 56277

$864,900
Active
49 Beds  |  49 Baths  |   |  MLS # 7018242
Active
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About The Listing

49 total apartment units. 48 one bedroom units, one 2 bedroom unit. 4 buildings total. Three 16 unit buildings. The fourth building includes office , community room and two bedroom apartment. On linear pond to the South. Plenty of off parking. Brand new electric panels in all four buildings. Common laundry rooms in each building. Wall ACs. Close to parks and playground. Two sheds included. Possibly room on property for community gardens. *property needs updating approximately half the units are vacant. A couple+ are gutted.
**Affordable housing under a Section 8 contract, that the buyers will need to get 2530 Clearance with HUD- HUD contract til 2035** Sold As is
Gross rent is Pro-Forma
3 Roofs in the last 8 -10 years. All the electric panels plus -basically brand new. Conveniently located in town of Olivia.


Listing courtesy of Mark G. Lentsch, Lentsch Company
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1993
MLS #: 7018242
Bedrooms: 49
Garage Spaces: 0
Parking Description: Asphalt, Parking Lot, Unassigned, Open
Sewer Description: City Sewer/Connected
Air Conditioning Type: Wall Unit(s)
Water: City Water/Connected
Heat Type: Baseboard, Radiant
Basement: None
Roof Description: Age 8 Years or Less, Asphalt, Pitched
Days On Market (Continuous): 0
Disability Features: Partially Wheelchair
Latest Update: 03/03/2026
List Date: 02/21/2026
Listing Agent ID: 506000333
Listing Office: Lentsch Company
Listing Office ID: 8192
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Range, Refrigerator
Flooring: Carpet, See Remarks, Vinyl
Fence: None
Lot Dimensions: 369x448x371x449
Lot Size: 3.82 Acres
Pool Description: None
Lot Features: Property Adjoins Public Land, Tree Coverage - Medium
View Description: South
Waterfront: Pond
School District: Bird Island-Olivia-Lake Lillian
Tax Year: 2025
Estimated Taxes: $3,728
Contingency Type: None
City: Olivia
Zip: 56277
County: Renville
State: MN
Listing last updated: 03/03/26

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