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Jacobs Square Apartments is a 16-unit multifamily property at 835 Driftwood Drive in west St. Cloud. Built in 1986, the three-story building contains approximately 20,240 gross square feet on an approximately one-acre site. The unit mix includes one one-bedroom, eleven two-bedroom and four three-bedroom apartments, with unit sizes from approximately 761 to 1,057 square feet. Each three-bedroom apartment includes a private deck. Property features include controlled-access entrances, an intercom system, monitored fire alarms, exterior security cameras, fiber internet, three common laundry areas, selected units with in-unit laundry, 22 surface parking spaces and 10 detached garage stalls. A large storage area in the detached garages supports maintenance and operating needs. Common-area carpet was installed in 2025, and LED lighting serves the building and parking areas. The property is near Ridgewood Road, Veterans Drive, Highway 15, parks, healthcare, education and shopping.

7154981 MLS

Jacobs Square Apartments is a 16-unit multifamily property at 835 Driftwood Drive in west St. Cloud. Built in 1986, the three-story building contains approximately 20,240 gross square feet on an approximately one-acre site. The unit mix includes one one-bedroom, eleven two-bedroom and four three-bedroom apartments, with unit sizes from approximately 761 to 1,057 square feet. Each three-bedroom apartment includes a private deck. Property features include controlled-access entrances, an intercom system, monitored fire alarms, exterior security cameras, fiber internet, three common laundry areas, selected units with in-unit laundry, 22 surface parking spaces and 10 detached garage stalls. A large storage area in the detached garages supports maintenance and operating needs. Common-area carpet was installed in 2025, and LED lighting serves the building and parking areas. The property is near Ridgewood Road, Veterans Drive, Highway 15, parks, healthcare, education and shopping.

835 Driftwood Drive, Saint Cloud

Listing courtesy of Granite City Real Estate.

$339,900

Fully occupied 5-Plex for sale with many recent updates featuring five large 2-bedroom units generating $3,585 in monthly income with a solid history of long term tenants & few vacancies. Overall great condition with brand new $45,000 roof in 2021 & parking lot. Most units have been updated over the past 4 years with flooring, paint, some fixtures, and appliances. The 4 above ground units rent for $750 a month and pay their own electric & heat, basement unit rents for $500 a month with owner paying all utilities. Owner pays garbage, water, sewer, basement unit utilities and common areas. Each of the three separate garage stalls rent for $25-$30 a month. Seller owns the coin washer/dryer set for around $400-$500 in additional income annually. Great location close to Downtown and SCSU. Tenants will enjoy the fenced in backyard with firepit, adequate off street parking, onsite washer/dryer and full basement for storage. Ideal turn-key investment property in good condition with solid tenants for immediate cash flow.

10 Beds ⋅ 5 Baths ⋅ 7154026 MLS

Fully occupied 5-Plex for sale with many recent updates featuring five large 2-bedroom units generating $3,585 in monthly income with a solid history of long term tenants & few vacancies. Overall great condition with brand new $45,000 roof in 2021 & parking lot. Most units have been updated over the past 4 years with flooring, paint, some fixtures, and appliances. The 4 above ground units rent for $750 a month and pay their own electric & heat, basement unit rents for $500 a month with owner paying all utilities. Owner pays garbage, water, sewer, basement unit utilities and common areas. Each of the three separate garage stalls rent for $25-$30 a month. Seller owns the coin washer/dryer set for around $400-$500 in additional income annually. Great location close to Downtown and SCSU. Tenants will enjoy the fenced in backyard with firepit, adequate off street parking, onsite washer/dryer and full basement for storage. Ideal turn-key investment property in good condition with solid tenants for immediate cash flow.

333 4th Avenue S, Saint Cloud

Listing courtesy of Central MN Realty LLC.

$1,100,000

Excellent opportunity to start , all units are 4 bedrooms about 1380^2 ft high demand tenants. Low rents

4 Beds ⋅ 1 Baths ⋅ 7143471 MLS

Excellent opportunity to start , all units are 4 bedrooms about 1380^2 ft high demand tenants. Low rents

1450 5th Avenue S, Saint Cloud

Listing courtesy of RES Realty.

$2,590,000

Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.

4 Beds ⋅ 7112424 MLS

Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.

1416 6th Avenue S, Saint Cloud

Listing courtesy of RIC Property Management, Inc..

$799,900

Exceptional investment opportunity in a highly desirable St. Cloud location! This fully-occupied 9-unit apartment building offers a rare combination of size, rental appeal, and income potential. Featuring eight 4-bedroom, 2-bath units and one 3-bedroom, 2-bath unit, the property is ideally suited for student housing or tenants seeking spacious living accommodations. Located adjacent to Haws Park and within walking distance of the Herb Brooks National Hockey Center, this property benefits from strong rental demand driven by its proximity to local colleges, downtown amenities, dining, entertainment, and public transportation. Generous unit layouts, ample bedroom counts, and convenient access to everyday necessities make this a standout addition to any investment portfolio. A prime opportunity to own a high-capacity rental property in a sought-after location with additional income potential from the on-site coin-operated laundry per floor, while off-street parking adds tenant appeal. A strong addition to any investment portfolio with a highly desirable rental location. Property must be sold as a package with neighboring 1116 7th Ave S. (MLS #7085128).

7085036 MLS

Exceptional investment opportunity in a highly desirable St. Cloud location! This fully-occupied 9-unit apartment building offers a rare combination of size, rental appeal, and income potential. Featuring eight 4-bedroom, 2-bath units and one 3-bedroom, 2-bath unit, the property is ideally suited for student housing or tenants seeking spacious living accommodations. Located adjacent to Haws Park and within walking distance of the Herb Brooks National Hockey Center, this property benefits from strong rental demand driven by its proximity to local colleges, downtown amenities, dining, entertainment, and public transportation. Generous unit layouts, ample bedroom counts, and convenient access to everyday necessities make this a standout addition to any investment portfolio. A prime opportunity to own a high-capacity rental property in a sought-after location with additional income potential from the on-site coin-operated laundry per floor, while off-street parking adds tenant appeal. A strong addition to any investment portfolio with a highly desirable rental location. Property must be sold as a package with neighboring 1116 7th Ave S. (MLS #7085128).

626 11th Street S, Saint Cloud

Listing courtesy of Coldwell Banker Realty.

$564,900

Investment opportunity in a prime St. Cloud location! This well-maintained and fully-occupied 6-plex features spacious 4-bedroom units, each with separate electric meters, offering convenience and simplified utility management. Ideally situated near Lake George, SCSU, and Herb Brooks National Hockey Center, this property is perfectly positioned to attract college student renters and those seeking easy access to downtown amenities, dining, entertainment, and public transit. Additional income potential comes from the on-site coin-operated laundry, while off-street parking adds tenant appeal. A strong addition to any investment portfolio with a highly desirable rental location. New roof in 2017!

7085202 MLS

Investment opportunity in a prime St. Cloud location! This well-maintained and fully-occupied 6-plex features spacious 4-bedroom units, each with separate electric meters, offering convenience and simplified utility management. Ideally situated near Lake George, SCSU, and Herb Brooks National Hockey Center, this property is perfectly positioned to attract college student renters and those seeking easy access to downtown amenities, dining, entertainment, and public transit. Additional income potential comes from the on-site coin-operated laundry, while off-street parking adds tenant appeal. A strong addition to any investment portfolio with a highly desirable rental location. New roof in 2017!

711 8th Avenue S, Saint Cloud

Listing courtesy of Coldwell Banker Realty.

$1,949,900

Exceptional investment opportunity in a highly desirable St. Cloud location! This 25-unit apartment building offers a rare combination of size, rental appeal, and income potential. Featuring 17 two-bedroom units, 6 three-bedroom units, and one 1-bedroom unit in addition to 1 efficiency, this property is ideally suited for student housing or tenants seeking spacious living accommodations. Located adjacent to Haws Park and within walking distance of the Herb Brooks National Hockey Center, this property benefits from strong rental demand driven by its proximity to local colleges, downtown amenities, dining, entertainment, and public transportation. Generous unit layouts (including the popular primary suites with it's own 3/4 bath & walk-in closet), ample bedroom counts - many with double closets, and convenient access to everyday necessities make this a standout addition to any investment portfolio. A prime opportunity to own a high-capacity rental property in a sought-after location with proven tenant appeal. New roof and siding in 2019!

7084628 MLS

Exceptional investment opportunity in a highly desirable St. Cloud location! This 25-unit apartment building offers a rare combination of size, rental appeal, and income potential. Featuring 17 two-bedroom units, 6 three-bedroom units, and one 1-bedroom unit in addition to 1 efficiency, this property is ideally suited for student housing or tenants seeking spacious living accommodations. Located adjacent to Haws Park and within walking distance of the Herb Brooks National Hockey Center, this property benefits from strong rental demand driven by its proximity to local colleges, downtown amenities, dining, entertainment, and public transportation. Generous unit layouts (including the popular primary suites with it's own 3/4 bath & walk-in closet), ample bedroom counts - many with double closets, and convenient access to everyday necessities make this a standout addition to any investment portfolio. A prime opportunity to own a high-capacity rental property in a sought-after location with proven tenant appeal. New roof and siding in 2019!

1111 7th Avenue S, Saint Cloud

Listing courtesy of Coldwell Banker Realty.

$885,000

Turnkey 15-unit investment opportunity in a high-demand rental location near St. Cloud State University, Lake George, and downtown amenities. This four-level building consists entirely of 1-bedroom, 1-bath units—an efficient unit mix that supports strong occupancy and consistent cash flow. Designed for ease of ownership, the property features a low-maintenance stucco exterior, on-site laundry for additional income potential, off-street paved parking, new shingles (June 2026), and dedicated landlord storage space. Its walkable location and proximity to transit and campus amenities make it highly attractive to tenants, helping minimize vacancy risk. With stable rental demand, value-add potential, and operational efficiencies already in place, this asset presents an excellent opportunity for investors seeking reliable returns and long-term appreciation. Schedule your private tour to explore this income-producing opportunity.

7041157 MLS

Turnkey 15-unit investment opportunity in a high-demand rental location near St. Cloud State University, Lake George, and downtown amenities. This four-level building consists entirely of 1-bedroom, 1-bath units—an efficient unit mix that supports strong occupancy and consistent cash flow. Designed for ease of ownership, the property features a low-maintenance stucco exterior, on-site laundry for additional income potential, off-street paved parking, new shingles (June 2026), and dedicated landlord storage space. Its walkable location and proximity to transit and campus amenities make it highly attractive to tenants, helping minimize vacancy risk. With stable rental demand, value-add potential, and operational efficiencies already in place, this asset presents an excellent opportunity for investors seeking reliable returns and long-term appreciation. Schedule your private tour to explore this income-producing opportunity.

320 7th Avenue S, Saint Cloud

Listing courtesy of Coldwell Banker Realty.