$199,900
- 5 Beds
- 3 Baths
- 2,928 Sq Ft
720 N German St, New Ulm, MN 56073
Sonja Zoet REAL BROKER, LLC
$199,900
720 N German St, New Ulm, MN 56073
Sonja Zoet REAL BROKER, LLC
$175,000
305 S Broadway St, New Ulm, MN 56073
Dan Baker CENTURY 21 ATWOOD
New Ulm, MN, a city of 14,000 residents, is deeply rooted in German heritage, evident in its orderly layout, downtown storefronts, and the iconic Glockenspiel clock tower. The city’s economy is bolstered by manufacturing plants like 3M, Kraft, and AMPI. New Ulm is renowned for its German cuisine and beer, with establishments like Kaiserhoff and the historic August Schell Brewing Company, the second-oldest family-owned brewery in the U.S. Downtown Minnesota Street features a variety of local businesses and restaurants, while big box stores are located along U.S. Route 14. Housing in New Ulm includes Dutch Colonial and Victorian architecture, with home prices significantly below the national median. The city celebrates its German culture with monthly festivals, including a highly ranked Oktoberfest. New Ulm’s Parks & Recreation Department maintains 28 facilities, including Hermann Heights Park and Flandrau State Park. The New Ulm Public School District offers a single pipeline of public schools, and Martin Luther College provides higher education opportunities. The city is safer than the national average, contributing to a strong sense of community. Highway 14’s recent upgrade to a four-lane highway improves access to Mankato, 30 miles away, while Minneapolis and its international airport are 95 miles from New Ulm.
On average, homes in New Ulm, MN sell after 92 days on the market compared to the national average of 70 days. The median sale price for homes in New Ulm, MN over the last 12 months is $210,000, down 2% from the median home sale price over the previous 12 months.
In New Ulm, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $175,000 to $199,900, there's a range to accomodate every budget. As of August, 2025 the median home price in New Ulm is $239,900, while the average sale price is $245,300, offering insights into the local housing market. On average, multi-family homes spend 92 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in New Ulm, MN.