$2,400,000

220 SW Maple Ave Elysian, MN 56028

Estimated payment $15,103/month

Total Views 6,184
5 Beds
3 Baths
17,280 Sq Ft
$139 Price per Sq Ft

Highlights

  • Deck
  • Patio
  • Forced Air Heating System
  • Corner Lot
  • Laundry closet
  • 5-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 Listed on: 03/30/2026

RE/MAX Advantage Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,772

Year Built

  • Built in 2021

Lot Details

  • Corner Lot
  • Additional Parcels

Parking

  • Parking Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 17,280 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry closet
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • 100 Amp Service

Community Details

  • 4 Units
  • Hidden Meadows Subdivision

Listing and Financial Details

  • The owner pays for exterior maintenance, grounds care, insurance, repairs, snow removal, taxes, trash collection
  • Assessor Parcel Number 164260030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,772

Year Built

Built in 2021

Lot Details

2.15 Acres

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Fourplex
  • Outside Features: Stone, Vinyl
  • Accessibility Features: Doors 36"+, Other
  • Water Source: City Water/Connected
  • Year Built: 2021
  • Above Grade Finished Sq Ft: 17280
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 17280
  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Repairs, Snow Removal, Taxes, Trash Collection
  • Basement YN: No
  • Amenities: Cable, Ceiling Fan(s), Kitchen Center Island, Natural Woodwork, Open Floor Plan, Patio, Washer/Dryer Hookup
  • Appliances: Air-To-Air Exchanger, Dishwasher, Water Heater - Gas, Microwave, Range, Refrigerator, Stainless Steel Appliances, Water Heater - Tankless, Washer
  • Amenities: Ceiling Fan(s), Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Open Floor Plan, Patio, Paneled Doors, Washer/Dryer Hookup, Walk-In Closet
  • Appliances: Air-To-Air Exchanger, Dishwasher, Dryer, Water Heater - Electric, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Foundation Details: Slab
  • PatioPorchType: Deck, Patio

Garage/Parking

  • Parking Features: Parking Lot, Paved Lot

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Electric Dryer Hookup, Laundry Closet, In Unit, Washer Hookup
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Waterville-Elysian-Morristown
  • SchoolDistrictPhone: 5072753115

Lot Info

  • Waterfront YN: No
  • Lot Size: 2.15
  • Land Lease: No
  • Lot Features: Corner Lot, Underground Utilities
  • Additional Parcels: Yes
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame
  • Units Total: 4

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: 164260030
  • Tax Annual Amount: 24772
  • TaxWithAssessments: 32158

Multi Family

  • TenantPays: All Utilities, Cable TV, Electricity, Gas, Heat, Telephone, Water
  • ElectricExpense: 2972
  • Number Of Refrigerators: One Per Unit

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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: NorthstarMLS

Source: NorthstarMLS

MLS Number: 7046788

NorthstarMLS
Your Personal Tour Guide

Ask me questions while you tour the home.