126 N 1st St

Waterville, MN 56096

$425,000
Price
6
Beds
5
Baths
2,912 Sq. Ft.
$146 / Sq. Ft.
2,912
Sq. Ft.
$146
per Sq. Ft.
For Sale By Owner
For Sale By Owner

Description

Well maintained turn of the century 5 plex with so much character. Only 4 blocks from the park with a picnic area and boat landing for Lake Tetonka. Updates to this lovely property include updated roofing, siding, separate electrical for each apt, most windows replaced, plumbing and water heater updates, and insulation updates. Rental licensing was just renewed in 2025 for 2 years and inspections were completed. Includes 5 stall detached garage for renting to tenants or owner storage. Completely...Well maintained turn of the century 5 plex with so much character. Only 4 blocks from the park with a picnic area and boat landing for Lake Tetonka. Updates to this lovely property include updated roofing, siding, separate electrical for each apt, most windows replaced, plumbing and water heater updates, and insulation updates. Rental licensing was just renewed in 2025 for 2 years and inspections were completed. Includes 5 stall detached garage for renting to tenants or owner storage. Completely rented with excellent rental occupancy records. The 5 plex is located in Waterville, a very progressive, resort community, located on the Tetonka, Sakatah lake chain. A large, deep lake chain with excellent fishing, resorts and Sakatah State Park. This small town has a busy Main Street with 2 convenience/gas stations, a bank, 2 large hardware stores, a lumber yard, grocery store, meat market, NAPA store, Mexican restaurant, bars, event center, and more. There are also many employment opportunities in Waterville and the surrounding towns. There is never a shortage of tenants wanting to settle in this centrally located community, only 15 mins from Waseca, 20 mins from Faribault, 30 mins from Mankato or St Peter, 45 mins to the Southern Metro

Send a message to request more pictures, details, or a showing. Seller will consider a single family home, or fixer upper property in trade for down payment.

Amenities

  • Detached Garage
  • Garage
  • Picnic Area
LISTING UPDATED: 03/18/2025 07:00 PM

Property Details for 126 North 1st Street

StatusActive
MLS #11553942
Days on Compass270
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1862
Lot Size-
CountyLe Sueur County

Location

Add your commute

Building Information for 126 North 1st Street

Stories-Residences-Year Built1862Building Size-Lot Size-

Payment Calculator

$2,395 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,100

Property Taxes

$295

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 126 North 1st Street

Property
Property and Assessments
  • Year Built: 1862
Interior and Exterior Features
Interior Features
  • Quarter Baths: 0
  • Halfbaths: 0
  • Threequarterbaths: 0
  • Fullbaths: 5
  • Bedrooms: 6

Property History for 126 North 1st Street

DateEvent & SourcePriceAppreciation
Mar 19, 2025

Listed (Active)

FIZBER #11553942

$425,000—
Jul 20, 2012

Sold

NorthStar #4162999

$40,440—
Jul 12, 2012

Sold (Public Record)

Public Record #1100010905

$40,440—
Jun 27, 2012

Pending

NorthStar #4162999

—
Jun 13, 2012

Listed (Active)

NorthStar #4162999

$35,900—
DateEvent & SourcePrice
03/19/2025

Listed (Active)

FIZBER #11553942

$425,000
07/20/2012

Sold

NorthStar #4162999

$40,440
07/12/2012

Sold (Public Record)

Public Record #1100010905

$40,440
06/27/2012

Pending

NorthStar #4162999

—
06/13/2012

Listed (Active)

NorthStar #4162999

$35,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 126 North 1st Street

Taxable ValueLand$37,900Additions$81,200Total$119,100
Tax Record2024$3,544 ($295 / month)
Home Facts
Total Finished SqFt2,476 SqFtAbove Grade Finished SqFt2,476 SqFtLot Size12,874 SqFtStyleMulti-Family Dwelling (2-4)Year Built1862CountyLE SUEURAPN24.510.1160

Schools near 126 North 1st Street

This home is within Waterville-Elysian-Morristown School District.
Rating
School
Type
Grades
Distance
Waterville Elementary School
Public - PK to 4
Morristown Elementary School
Public - 5 to 6
Waterville-Elysian-Morristown Jr.
Public - 7 to 8
Waterville-Elysian-Morristown Sr.
Public - 9 to 12
Rating
School
Distance
Waterville Elementary School
PublicPK to 4

Morristown Elementary School
Public5 to 6

Waterville-Elysian-Morristown Jr.
Public7 to 8

Waterville-Elysian-Morristown Sr.
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 126 North 1st Street, Waterville, MN 56096

126 North 1st Street is a multi-family home for sale in Waterville, MN 56096. This property was listed for sale on March 19, 2025 by For sale by owner, please contact, it's currently listed at $425,000. It has been on the market for a total of 270 days and was last sold on July 20, 2012. This listing's school district is Waterville-Elysian-Morristown School District. Nearby schools include Waterville Elementary School, Morristown Elementary School and Waterville-Elysian-Morristown Jr.. 126 North 1st Street is a 6-bed, 5-bath, 2,912 sqft multi-family home built in 1862.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 03/18/2025 07:00 PM