OFF MARKET

Off market oct 2025 for $120K

$250,079

Est. refi paymentEst. refi $814/mo

•

—

sq ft

305 Red River Ave S, Cold Spring, MN 56320

About this home

Duplex Investment Opportunity in the Heart of Cold Spring This corner-lot duplex offers two separate units—both currently leased on a month-to-month basis—making it an ideal opportunity for investors or owner-occupants. Live in one unit and rent out the other to help offset your cost of living, or continue leasing both for steady income. Zoned C-2 and located at a high-visibility intersection, this property also presents excellent potential for a variety of commercial uses. The stucco-sided building welcomes you with a charming front porch and sits on a lot with moderate tree coverage, offering a balance of privacy and visibility. The main-level unit features two bedrooms, a full bathroom, and convenient main-floor laundry. The upper-level unit includes three bedrooms, a full bathroom, and its own laundry area—perfect for rental income, multigenerational living, or flexible space usage. A detached two-stall garage adds valuable storage or workshop potential. Utilities include a natural gas boiler, a 50-gallon electric water heater, and a 100-amp breaker panel. With current property taxes at just $1,940 annually, this is a smart investment in a growing area. Don’t miss your chance to own a versatile, income-generating property in a prime Cold Spring location.

Multi-familyProperty Type

1920Year Built

0.26 acresLot Size

2 car garageParking

Listed by Paul Morrison • RE/MAX Results

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6771036

Redfin Estimate

$250,079

$130K since sold in October 2025$5,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 11.4% lower than the average sale price ($282K) of 6 comparable homes.

SOLD SEP 4, 2026
$225,000
A
4 beds3 baths— sq ft
101 Red River Ave S, Cold Spring, MN 56320
SOLD SEP 4, 2026
$193,000
B
4 beds3 baths— sq ft
317 3rd Ave S, Cold Spring, MN 56320
SOLD OCT 13, 2026
$325,000
C
4 beds2 baths— sq ft
249 1st St NE, Richmond, MN 56368
SOLD AUG 13, 2026
$265,000
D
4 beds2 baths— sq ft
300 7th Ave S, Cold Spring, MN 56320
SOLD FEB 20, 2026
$325,000
E
4 beds2 baths— sq ft
1108 1st St S, Cold Spring, MN 56320
SOLD OCT 20, 2026
$360,000
F
3 beds3 baths— sq ft
208 2nd St N, Cold Spring, MN 56320

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Earn from this home

Refinance

Est. cash available

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Market trends in 56320, MN

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.8%

1.1% MoM

Median sale price

$349K

$25K MoM

Avg. days on market

23d

7 days MoM

Recently sold homes

5 MoM

New listings for sale

COMING SOON
$375,000
3 beds2 baths2,320 sq ft
21836 Oak Heights Cir, Cold Spring, MN 56320
See all

Provided by Redfin

Sale history for 305 Red River Ave S

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #6771036

Oct 15, 2025

Sold

$120,000

Sep 18, 2025

Pending

—

Sep 11, 2025

Relisted

—

Sep 4, 2025

Contingent

—

Sep 4, 2025

Relisted

—

Sep 1, 2025

Contingent

—

Aug 18, 2025

Listed

$174,900

Public Records

Jul 19, 2021

Sold

$109,000

NORTHSTARMLS as Distributed by MLS Grid #4588528

Oct 23, 2015

Sold

$77,000

Oct 6, 2015

Pending

—

Apr 23, 2015

Listed

$89,000

NORTHSTARMLS as Distributed by MLS Grid #4550576

Feb 19, 2015

Listing Removed

—

Feb 1, 2015

Price Changed

$109,201

Jan 24, 2015

Price Changed

$114,124

Jan 13, 2015

Price Changed

$119,900

Jan 7, 2015

Price Changed

$124,000

Dec 23, 2014

Listed

$129,000

Public Records

Dec 5, 2007

Sold

$441,000

Public Records

Jan 14, 2003

Sold

$140,000

Public Records

Oct 15, 1999

Sold

$94,000

Year

Property tax

Land + Additions

Assessment*

2025

$1,940 (+27.8%)

$38,400 + $116,700

$155,100

2024

$1,518 (+5.1%)

$38,400 + $88,200

$126,600

2023

$1,444 (−10.2%)

$38,500 + $81,500

$120,000

2022

$1,608 (+0.5%)

$38,900 + $79,500

$118,400

2021

$1,600 (+9.9%)

$38,900 + $76,800

$115,700

2020

$1,456 (+3.1%)

$35,000 + $68,800

$103,800

2019

$1,412 (+7.1%)

$35,000 + $63,400

$98,400

2018

$1,318 (+14.2%)

$30,000 + $58,400

$88,400

2017

$1,154 (−28.1%)

$25,000 + $51,800

$76,800

2016

$1,606 (−2.0%)

$25,000 + $86,900

$111,900

2015

$1,638 (+4.6%)

$25,000 + $86,800

$111,800

2014

$1,566 (−5.7%)

$25,000 + $89,000

$114,000

2013

$1,660 (−0.5%)

$30,000 + $91,400

$121,400

2012

$1,668

$30,000 + $96,400

$126,400

Tax history for 305 Red River Ave S

Year

Property tax

Land + Additions

Assessment*

2025

$1,940 (+27.8%)

$38,400 + $116,700

$155,100

2024

$1,518 (+5.1%)

$38,400 + $88,200

$126,600

2023

$1,444 (−10.2%)

$38,500 + $81,500

$120,000

2022

$1,608 (+0.5%)

$38,900 + $79,500

$118,400

2021

$1,600 (+9.9%)

$38,900 + $76,800

$115,700

2020

$1,456 (+3.1%)

$35,000 + $68,800

$103,800

2019

$1,412 (+7.1%)

$35,000 + $63,400

$98,400

2018

$1,318 (+14.2%)

$30,000 + $58,400

$88,400

2017

$1,154 (−28.1%)

$25,000 + $51,800

$76,800

2016

$1,606 (−2.0%)

$25,000 + $86,900

$111,900

2015

$1,638 (+4.6%)

$25,000 + $86,800

$111,800

2014

$1,566 (−5.7%)

$25,000 + $89,000

$114,000

2013

$1,660 (−0.5%)

$30,000 + $91,400

$121,400

2012

$1,668

$30,000 + $96,400

$126,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

—

Lot width

65 ft.

Lot depth

165 ft.

Lot size

0.26 Acres

Year renovated

1960

Sq. Ft.

1,710

Year built

1920

Style

Single Family Residential

County

Stearns County

APN

48.29945.0000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 21, 2026.

Property details

Parking

Parking Information
Parking Features: Asphalt, Concrete
Garage Spaces: 2
Garage Dimensions: 21x23
Garage Sq. Ft.: 483
Garage Door Height: 7
Garage Door Width: 16

Interior

Bedroom Information
# of Bedrooms: 4

Basement Information
Has Basement
Basement Features: Block, Full, Storage Space, Unfinished

Heating & Cooling
Heating Information: Baseboard, Radiant

Exterior

Building Information
Foundation Area: 1,140
Roof: Asphalt

Exterior Features
Patio Porch Type: Front Porch
Exterior Features: Stucco

Property Information
Above Ground Total Sq. Ft.: 2,280
Below Ground Total Sq. Ft.: 1,140
FractionalOwnershipYN: No
Owner Occupied: No
Property Type: Residential Income
Property Sub Type: Duplex Up and Down
Above Grade Finished Area: 2,280

Lot Information
Lot Features: Corner Lot, Tree Coverage - Medium
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Dimensions: 68x165x67x166
Road Frontage Type: City Street, Curbs, Paved Streets
Road Responsibility: Public Maintained Road

Financial

Tax Information
Tax Annual Amount: $1,940
Tax Year: 2025
Tax With Assessments: $1,940

Lease / Rent Details
Tenant Pays: Cable TV, Trash Collection

Financial Information
Conventional

Utilities

Utility Information
Water Source: City Water/Connected
Electric: Circuit Breakers
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

Multi-Family Financial Information
Owner Pays: Electricity, Gas, Insurance, Taxes, Water
Fuel Expense: $1,538.40
Water Sewer Expense: $780
Electric Expense: $3,252
Insurance Expense: $1,840
Maintenance Expense: $800
Manager Expense: $800
Other Expense: $800
Net Operating Income: $14,660
Gross Income: $23,040

Multi-Unit Information
# of Units (Total): 2

Unit Type 1 Information
Sq. Ft.: 960
# of Rooms Total: 5
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range, Refrigerator
Cooling System: Window
Amenities: Main Floor Primary Bedroom, Porch
# of Units: 1

Unit Type 2 Information
Sq. Ft.: 1,320
# of Rooms Total: 6
# of Bedrooms: 2
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Dryer, Range, Refrigerator, Washer
Cooling System: Window
# of Units: 1

School Information
High School District: Rocori
School District Number: 750
School District Phone: 3206854901

Location Information
Directions: Corner of Highway 23 and Red River Ave South in Cold Spring.
Map Coordinate: 999-A1

Public facts

Beds: 4
Baths: 1.0
Sq. Ft.: 1,710
Stories: —
Lot Size: 0.26 acres
Style: Single Family Residential
Year Built: 1920
Year Renovated: 1960
County: Stearns County
APN: 48.29945.0000

Home facts updated by county records on Sep 21, 2026

Other

Home Information
Living Area: 2280
Living Area Units: Square Feet
Main Level Finished Area: 1140
Building Area Total: 3420
Foundation Details: Block
Levels: Two

Around this home

Schools

Some nearby schools may not be within this home's attendance zone. Please check the Rocori Public School District website to verify.

Cold Spring Elementary School

Public PreK-5 • 0.9mi

6/10

Rocori Middle School

Public 6-8 • 0.8mi

8/10

Rocori Alc

Public 7-12 • 0.8mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 97° expected this year, 14 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Cold Spring, MN • 56320

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 3.5 hours in December, which is comparable to the U.S. average for solar exposure.

10.2 hrs

3.5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$238,000 – $288,000

Sell confidently with a local market expert in Cold Spring. 3 minutes to get started.

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Home values near 305 Red River Ave S

Data from public records.

Address	Redfin Estimate
404 Red River Ave S, Cold Spring, MN 4 Beds \| 2 Baths \| 1491 Sq. Ft.	$183,881
417 Red River Ave S, Cold Spring, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$217,162

Address	Redfin Estimate
413 Red River Ave S, Cold Spring, MN 3 Beds \| 1 Baths \| 1241 Sq. Ft.	$160,835
412 Red River Ave S, Cold Spring, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$242,577

Address	Redfin Estimate
318 Red River Ave S, Cold Spring, MN 2 Beds \| 2 Baths \| 385 Sq. Ft.	$115,883
400 Red River Ave S, Cold Spring, MN 3 Beds \| 1 Baths \| - Sq. Ft.	$223,337

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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