605 Main St, Tower, MN 55790
Property image
Property image
PENDING

605 Main St
Tower, MN 55790

  • 8 Beds
  • 4 Baths
  • 4,464 sqft

$329,900

Est. Mortgage $2,055/mo*
Get Pre-Qualified

$329,900

Est. Mortgage $2,055/mo*
Get Pre-Qualified
8 Beds
4 Baths
4,464 sqft

Home Highlights

Parking
Open Parking
Climate Control
Heating only
Price/Sqft
$74
Listed
136 days ago

Local Information

  • Map ViewExplore the area around 605 Main St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Exceptional turn-key 4-plex opportunity in the heart of Tower, MN — just one block from beautiful Lake Vermilion. Whether you’re an investor looking for strong cash flow or a first-time home buyer wanting tenants to help pay the mortgage, this property offers endless potential.

The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases.

Located in one of northern Minnesota’s premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm.

Additional opportunity available with a neighboring commercial lot that may be purchased together or separately.

Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.

Home Details for 605 Main St

Active Status

MLS Status: Pending

Interior Features

Interior Details
Basement: None
Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4
Dimensions and Layout
Living Area: 4464 Square FeetFoundation Area: 2979
Appliances & Utilities
Laundry: Other
Heating & Cooling
Heating: BoilerHas HeatingHeating Fuel: Boiler
Gas & Electric
Electric: 200+ Amp ServiceGas: Electric, Other
Levels, Entrance, & Accessibility
Number of Stories: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking: Gravel,Off Site,On Street
Frontage
Not on Waterfront
Water & Sewer
Sewer: City Sewer - In Street
Finished Area
Finished Area (above surface): 4464 Square Feet

Days on Market

Cumulative Days on Market: 196Days on Market: 136

Property Information

Year Built
Year Built: 1982
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Fourplex
Building
Construction Materials: Block, Concrete, FrameNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 080001003420

Price & Status

Price
List Price: $329,900Price Per Sqft: $74
Status Change & Dates
Off Market Date: Wed Jul 01 2026

Location

Direction & Address
City: TowerCommunity: Tower
School Information
High School District: St. Louis County

Agent Information

Listing Agent
Listing ID: 7046763

Building

Building Area
Building Area: 4464 Square Feet

Lot Information

Lot Area: 6969.6 sqft

Offer

Contingencies: None

Business

Expense
Tenant Pays: Cable TV, Electricity, Telephone, Trash Collection

Rental Terms, Policies & Fees

Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Repairs, Sewer, Taxes, Water

Miscellaneous

BasementMls Number: 7046763Above Grade Unfinished Area: 4464
Last check for updates: about 5 hours ago
Listing courtesy of Chessica L Olson, (763) 257-5080
Anchor Realty
Source: NorthstarMLS as distributed by MLS GRID, MLS#7046763
Also Listed on NorthstarMLS as distributed by MLS GRID.

Market trends in Tower

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
29
1MoM

Price and Tax history

DateEventPrice
Jul 1, 2026
Source: NorthstarMLS as distributed by MLS GRID #7046763
Pending
$329,900
Jun 27, 2026
Source: Range AOR #149705
Contingent
$329,900
Apr 3, 2026
Source: NorthstarMLS as distributed by MLS GRID #7046763
Listed For Sale
$329,900
Mar 1, 2026
Source: Range AOR #149188
ListingRemoved
$349,000
Oct 17, 2025
Source: NorthstarMLS as distributed by MLS GRID #6805481
Listed For Sale
$349,000

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Home Value

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Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
704 N 2nd St, Tower, MN 55790
0.10
$162,200
4
1
1,120
Off Market
704 2nd St N, Tower, MN 55790
0.10
$144,900
4
1
832
Off Market
7498 Channel Island, Cook, MN 55723
0.07
$200,400
1
1
624
Off Market
1104 Hwy 77, Tower, MN 55790
0.07
$324,700
2
1
1,080
Off Market
xxx Sherman Rd, Tower, MN 55790
0.07
-
-
-
-
Off Market
xxx Sherman Rd, Tower, MN 55790
0.07
-
-
-
-
Off Market
Lot 10 Smart Bay, Tower, MN 55790
0.07
-
-
-
-
Off Market
TBD Pine Island, Tower, MN 55790
0.07
-
-
-
-
Off Market
102 N Creekside Cr, Biwabik, MN 55708
0.07
$360,300
4
2
2,467
Off Market

Around this home

What Locals Say about Tower

At least 1 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say people would walk alone at night

  • 100 % Say they plan to stay for at least 5 years

  • 100 % Say there's holiday spirit

  • 100 % Say yards are well-kept

  • 100 % Say it's quiet

  • 100 % Say car is needed

  • 75 % Say neighbors are friendly

  • 67 % Say there's wildlife

  • 60 % Say it's walkable to restaurants

  • 50 % Say it's dog friendly

  • 33 % Say it's walkable to grocery stores

  • 33 % Say there are community events

  • 33 % Say there are sidewalks

  • 33 % Say kids play outside

  • 25 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

Frequently asked questions about 605 Main St

  • What is the estimated monthly payment for 605 Main St?
    Based on a $329,900 list price with 20% down at today's rates, the estimated monthly payment for 605 Main St in Tower, MN is approximately $2,097 (about $1,728 principal & interest, $294 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What are the closest schools to 605 Main St?
    The closest schools to 605 Main St in Tower, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).
  • Does 605 Main St have laundry facilities?
    Yes, 605 Main St in Tower, MN has laundry facilities.
  • Does 605 Main St have parking?
    Yes, 605 Main St in Tower, MN has on-site parking.
Chessica L Olson, Anchor Realty
Agent Phone: (763) 257-5080
Based on information submitted to the MLS GRID as of 2026-08-17 11:33:02 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. Some IDX listings have been excluded from this website. Click here for more information
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
605 Main St, Tower, MN 55790 is a 8 bedroom, 4 bathroom, 4,464 sqft multi-family built in 1982. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Apr 3, 2026. The MLS # for this home is MLS# 7046763.