Multi Family Investment Properties for Sale in Hibbing, MN
686- 4 Bed
- 3 Bath
- 1800 sft
669- 5 Bed
- 2 Bath
- 1920 sft
326- 3 Bed
- 2 Bath
- 1254 sft
749- 6 Bed
- 3 Bath
- 2625 sft
Why Invest in Hibbing, Minnesota?
Investing in multi-family properties in Hibbing, MN offers a unique opportunity to capitalize on steady rental demand driven by the city's modest population and local economy. This market boasts a healthy average ROI of 7.2%, with rental yields around 6.5% and cap rates averaging 6%. Investors can expect consistent cash flow with an average monthly rent of $850 and growing appreciation at 2.5%. Hibbing's renter-occupied rate of 56% reflects a balanced rental market, making it an attractive option for multi-family investment.
Frequently Asked Questions
Rental yields for multi-family properties in Hibbing average around 6.5%, reflecting steady rental income relative to property values in the area.
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