$160,000
●
House -
Off Market
340 River Drive W
Milaca, MN 56353
3 Beds
0 Bath
1,360 Ft²
$956
Est. Monthly
About This Property
This charming turn of the century 2 story home sits in a
picturesque location just across the street from the Rum River.
Enjoy the privacy of the county on 1.3+ acres while being just
blocks from the high school. You're greeted by a welcoming
covered front porch where you can spend your summer days listening
to the river and the wildlife that spend their time there. A
home ready for you to build your own equity, and own for less than
rent. Head inside to a home with 3 bedrooms and 2 living areas
where there is room to spread out or you can invite your favorite
people to entertain. If you like to tinker, a 2 stall garage
and plenty of parking will give you plenty of space for any project
that you want to do. Plant the garden of your dreams, throw an
outdoor party with lawn games or fence in the space for pets, the
options with this property are nearly endless.
Unit Size
1,360 Ft²
Days on Market
-
Land Size
1.34 acres
Price per sqft
$124
Property Type
House
Property Taxes
$126
HOA Dues
-
Year Built
-
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (RMLS #NST6748117)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2026 | Sold | ||
| Sold | |||
| Jul 21, 2026 | In contract | - | |
| In contract | |||
| Jun 29, 2026 | Price Decreased |
$229,850
↓ $50
(0%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by Hewitt Jackson Real Estate | $229,900 | |
| Listed by Hewitt Jackson Real Estate | |||
   | |||
|
Charming 2 Story Home with Beautiful Country Setting in City limits. Convenience of being just blocks from the Milaca Schools and Downtown Shopping. Located on Low Traffic City Street with Views of the Rum River across the street. Gracious Covered Front porch where you can spend time listening to the river and watching the wildlife. Many newer updates to this 3 bedroom home, that also has main level room that could be converted to a bedroom. Great big 2 stall garage partially insulated, ready to finish and heat with an existing chimney. Hiking, Biking trails along the Rum River just down the street.There is so much room to roam on this oversized peaceful lot, Many Plants and Huge Mature trees make this yard an outdoor playground for the whole Family. It feels like your in the country ! Many updates, (Windows, Roof Shingles, Carpet, Cabinets, Paint, Fixtures & More) Compliant Mound Septic System, Easy to show, and quick close possible.
| |||
| Aug 15, 2025 | Sold | ||
| Sold | |||
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Property Highlights
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About Milaca
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Listed by: Cory Rudnitski, RE/MAX Advantage Plus
Last Updated: 3 months ago
Data Source: RMLS, MLS# NST6748117
Last Updated: 3 months ago
Data Source: RMLS, MLS# NST6748117
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Lee Chuan Lin are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. Lee Chuan Lin is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Lee Chuan Lin, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Some IDX listings have been excluded from this website. Data last updated: 2026-08-19.
Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
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Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.
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