1028 S Cedar AvenueOwatonna, MN 55060
$255,000
5 bedrooms · 4 bathrooms · 2,894 finished sq ft · 0.394 acre lot
About this home
Looking for a way to own a home while generating rental income? Welcome to 1028 S Cedar Ave in Owatonna! This side-by-side duplex offers a great opportunity for both owner occupants and investors. Unit 1 features 2 bedrooms and 2 bathrooms, with the upstairs recently fully renovated. Unit 2 offers 3 bedrooms and 2 bathrooms with plenty of living space throughout. The property is currently owner occupied on one side with a tenant in the other, making it a great option to live in one unit while generating rental income from the other, or rent out both units as an investment property. Each unit has separate utilities, laundry, and additional basement space. Outside, you'll find a large yard and detached 2-car garage. Conveniently located close to every day essentials and downtown Owatonna, this property offers plenty of flexibility for its next owner. Schedule your showing today!
Home facts
- Home type
- Multi-family home
- Style
- Duplex
- Year built
- 1900
- Bedrooms
- 5
- Bathrooms
- 4
- Finished sq ft
- 2,894
- Lot
- 0.394 acres
- Garage
- 2 stalls
- Basement
- Full, Unfinished
- Heating
- Natural Gas, Forced Air
- Property taxes
- $4,802 a year
- Listed
- September 18, 2026
- MLS number
- 7142534
Listing courtesy of Re/Max Advantage Plus (David Bauer). MLS #7142534.
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How it compares
1028 S Cedar Avenue, Owatonna, MN 55060 is a 5-bedroom multi-family home built in 1900, listed for $255,000 on September 18, 2026 by Re/Max Advantage Plus. That works out to $88 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
What would the monthly payment be?
— estimated per month
- Principal and interest
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- Property taxes
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Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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