200 State Highway 1

$259,900
Price
—
Beds
—
Baths
4,492 Sq. Ft.
$58 / Sq. Ft.
4,492
Sq. Ft.
$58
per Sq. Ft.

Description

Turnkey Six-Plex Investment Opportunity. Fully Occupied and Well Maintained. Investor alert! This fully occupied six-unit apartment complex offers a solid, turnkey investment with a strong rental history and consistent occupancy. Each unit is clean, updated, and equipped with central air, providing comfortable living conditions that attract and retain quality tenants. The property features designated parking with individual electric hookups, a coin-operated laundry area for additional income, and...Turnkey Six-Plex Investment Opportunity. Fully Occupied and Well Maintained. Investor alert! This fully occupied six-unit apartment complex offers a solid, turnkey investment with a strong rental history and consistent occupancy. Each unit is clean, updated, and equipped with central air, providing comfortable living conditions that attract and retain quality tenants. The property features designated parking with individual electric hookups, a coin-operated laundry area for additional income, and a shared outdoor space with a patio and raised garden beds. This well-maintained complex operates at full capacity within a stable rental market, ideal for the seasoned investor or anyone looking to expand their portfolio with a proven, income-producing asset. Qualified buyers only.
  1. Listed by COLDWELL BANKER NORTHWOODS

Property Details for 200 State Highway 1

Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 11/15/2025 05:08 PM

Property Details for 200 State Highway 1

StatusActive
MLS #6751632
Days on Compass165
Taxes$1,419 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1962
Lot Size0.51 AC / 22,215 SF
CountyItasca County

Location

Listing Courtesy of COLDWELL BANKER NORTHWOODS
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Building Information for 200 State Highway 1

Stories-Residences6Year Built1962Lot Size0.51 AC / 22,215 SF

Payment Calculator

$1,403 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,284

Property Taxes

$118

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 200 State Highway 1

Summary
Location and General Information
  • City Name: Effie
  • County Or Parish: Itasca
  • County: Itasca-MN
  • Directions: Hwy 38 N to Effie. Right on State Hwy 1 to property on Left.
  • Latitude: 47.8400965593
  • Longitude: -93.6366062226
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Effie
  • City and Location Text: Effie(MN)
  • Postal Code: 56639
  • State Or Province: MN
  • Public Survey Township: 62
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 904100050
  • Tax Annual Amount: $1,419.00
  • Tax Legal Description: ALL LT 5 E 10" OF LT 6
  • Tax Other Annual Assessment Amount: $405.00
  • Tax Year: 2025
  • Tax With Assessments: 1824.0000
School Information
  • High School District: 318 - Grand Rapids
  • School District Number: 318
  • School District Phone: 218-327-5704
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.51
  • Lot Size Dimensions: .51 acres
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 4492.0
Property and Assessments
  • Age Of Property: 63
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Common, Heating Common, Hot Water Common
  • Water Source: Drilled
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Coin-op Laundry Owned, Common Garden, Patio
  • Foundation Area: 2256.0
  • Fuel: Electric,Propane
  • Roof: Metal
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Type: Finished
  • Cooling: Central Air
  • Heating: Baseboard, Forced Air
  • Levels: Two
  • Number of Refrigerator: Six or More
  • Shared Rooms: Other
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit SqFt: 836
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: BEGND
  • Unit Number: 101
Unit 2
  • Unit Bath 3Qtr: 1
  • Unit Bath Full: 0
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit SqFt: 400
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Is Leased: 1
  • Unit Level: BEGND
  • Unit Number: 102
Unit 3
  • Unit Bath 3Qtr: 1
  • Unit Bath Full: 0
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 203
Unit 4
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit SqFt: 612
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 204
Unit 5
  • Unit Bath 3Qtr: 1
  • Unit Bath Full: 0
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit SqFt: 557
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 305
Unit 6
  • Unit Bath 3Qtr: 1
  • Unit Bath Full: 0
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 306

Property History for 200 State Highway 1

DateEvent & SourcePriceAppreciation
Sep 25, 2025

Price Change

NorthStar #6751632

$259,900—
Jul 8, 2025

Price Change

NorthStar #6751632

$264,000—
Jul 8, 2025

Listed (Active)

NorthStar #6751632

—
May 8, 2025

Off Market

NorthStar #6628388

—
Nov 7, 2024

Listed (Active)

NorthStar #6628388

$264,000—
Oct 4, 2024

Off Market

NorthStar #6456086

—
Nov 3, 2023

Listed (Active)

NorthStar #6456086

$279,000—
DateEvent & SourcePrice
09/25/2025

Price Change

NorthStar #6751632

$259,900
07/08/2025

Price Change

NorthStar #6751632

$264,000
07/08/2025

Listed (Active)

NorthStar #6751632

—
05/08/2025

Off Market

NorthStar #6628388

—
11/07/2024

Listed (Active)

NorthStar #6628388

$264,000
10/04/2024

Off Market

NorthStar #6456086

—
11/03/2023

Listed (Active)

NorthStar #6456086

$279,000

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

Schools near 200 State Highway 1

This home is within Grand Rapids Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Public - 8 to 12
Public - 5 to 8
Rating
School
Distance
Bigfork Elementary School
PublicPK to 6

Bigfork Secondary
Public7 to 12

Grand Rapids Area Learning Center
Public8 to 12

Middle Area Learning Center
Public5 to 8

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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200 State Highway 1 is for sale in Effie, MN 56639. This property was listed for sale on July 8, 2025 by COLDWELL BANKER NORTHWOODS, it's currently listed at $259,900. This listing's school district is Grand Rapids Public School District. Nearby schools include Bigfork Elementary School, Bigfork Secondary and Grand Rapids Area Learning Center. 200 State Highway 1 is a 0-bed, 0-bath, 4,492 sqft built in 1962.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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.

Listing Courtesy of COLDWELL BANKER NORTHWOODS

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/21/2025 12:34 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.