$2,400,000

0 SW Maple Ave Elysian, MN 56028

Estimated payment $15,141/month

Total Views 8,450
36 Beds
20 Baths
17,280 Sq Ft
$139 Price per Sq Ft

Highlights

  • Deck
  • Eat-In Kitchen
  • Walk-In Closet
  • Corner Lot
  • Woodwork
  • 4-minute walk to Sakatah State Park

About This Home

Rare opportunity to acquire a fully stabilized, newer-construction 16-unit portfolio delivering immediate cash flow and long-term upside. Built in 2021/2022, this package includes four 4-plexes (two two-story, one single-level, one bi-level) strategically positioned on 2.15 acres. This is true turnkey investing—all 16 units are fully leased with a proven rental history, minimizing lease-up risk and operational uncertainty from day one. Units are designed for durability and tenant retention, featuring modern, low-maintenance finishes including LVP flooring, stainless appliances, spacious kitchens with islands, in-unit laundry, and separate HVAC systems. Private patios/decks, strong natural light, and ample off-street parking enhance tenant appeal and support consistent occupancy. Investment Highlights: 17,208 finished sq ft, 16 units, 36 bedrooms, 20 bathrooms, Gross annual income: $243,000, Operating expenses: $61,692 Strong in-place cash flow with efficient expense ratio. Newer construction = reduced capital expenditure risk. With limited comparable inventory of newer multi-family assets, this portfolio offers a compelling blend of stability, efficiency, and scalability. Ideal for investors seeking immediate yield with long-term hold potential. Offered as a package. Full financials and rent roll available upon request.

Listing Agent

Rebecca Thate

Re/Max Advantage Plus Mankato License #20422215 Listed on: 03/30/2026

Re/Max Advantage Plus Mankato

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,772

Year Built

  • Built in 2021

Lot Details

  • 2.15 Acre Lot
  • Landscaped
  • Corner Lot

Parking

  • 2 Parking Spaces Included

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Passive Radon Mitigation
  • Stone Exterior Construction

Interior Spaces

  • 17,280 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 36 Bedrooms
  • Walk-In Closet
  • 20 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Phone Available

Additional Features

  • No Interior Steps
  • Air Exchanger
  • Ground Level

Community Details

  • 16 Units
  • Gross Income $243,000

Listing and Financial Details

  • The owner pays for janitorial, lawn, maint/repair, snow, trash
  • Assessor Parcel Number 16.426.0030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,772

Year Built

Built in 2021

Lot Details

2.15 Acres

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: 4-plex
  • Ada Features: No Stairs Internal, Doors 36" Plus
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 11552
  • L V T Date: 03/31/2026
  • Mechanicals: Air to Air Exchange, Water Heater - Electric, Water Heater - Gas, Individual Water Heaters, Radon Mitigation-Passive
  • Parcel Number: 16.426.0030
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Avenue
  • Estimated Number of Acres: 2.15
  • Zoning: multi
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 36
  • Total Bathrooms: 20
  • Basement Style: Slab
  • Finished Above Grade Sq Ft: 17280
  • Total Fin Square Footage: 17280
  • Total Square Footage: 17280

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved
  • Construction Type: Frame/Wood
  • Exterior: Stone, Vinyl
  • Roof: Asphalt Shingles
  • Exterior Amenities: Deck, Patio

Garage/Parking

  • Number Off Street Parking: 32

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Lot/Land Description: Corner Lot, Landscaped, Paved Streets, Telephone
  • Estimated Lot Dimensions: 2.15 acres

Rental Info

  • Owner Expense: Janitorial, Lawn, Maint/Repair, Snow, Trash
  • Tenant Expense: Broadband, Cable TV, Electric, Water/Sewer, Fuel
  • Type of Tenancy: One Year Lease

Building Info

  • Year Built: 2021

Multi Family

  • Total Units Available: 16
  • Est Annual Gross Expense: 61692
  • Est Annual Gross Income: 243000

Tax Info

  • Year: 2026
  • Tax Value: 24772.12

MLS Schools

  • School District: Waterville-Elysian-Morristown #2143

Map

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Property History

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Date Event Price List to Sale Price per Sq Ft
03/30/2026 03/30/26 For Sale $2,400,000 -- $139 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7039821

REALTOR® Association of Southern Minnesota
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