$300,000
SOLD AUG 29, 2025

302 Elmwood St E Arlington, MN 55307

7 Beds
4 Baths
4,050 Sq Ft
0.42 Acres

Recently Sold

$74 Per Sq Ft

29% Below List Price

117 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • Forced Air Heating System
  • 3 Car Attached Garage

About This Home

As of August 2025

This fully occupied quadplex in Arlington is a fantastic investment opportunity! Featuring three spacious two-bedroom, one-bath units and one cozy one-bedroom, one-bath unit, this property provides consistent rental income from day one.

Each unit offers generous living spaces, bright kitchens, and ample storage. Tenants will appreciate the added convenience of on-site laundry facilities, as well as off-street parking and garage parking. The quiet neighborhood offers a peaceful setting for all residents.

Located just minutes from local schools, parks, and downtown Arlington, this property is ideally positioned with easy access to all the amenities the community has to offer. Whether you're an experienced investor or new to real estate, this fully occupied quadplex is an excellent addition to your portfolio.

Don’t miss out—contact us today to schedule a showing!

Last Agent to Sell the Property

Zachary Walker

Pemberton RE Brokerage Phone: 612-756-3236 Listed on: 03/28/2025

Pemberton RE

Co-Listed By

Parker Pemberton

Pemberton RE Brokerage Phone: 612-756-3236

Last Buyer's Agent

Leah Prahl

Premier Choice Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,686

Year Built

  • Built in 1962

Lot Details

  • Lot Dimensions are 66x174x85x34x58x159
  • Corner Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,050 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 4 Units
  • Fred Bussmans Add Subdivision

Listing and Financial Details

  • Tenant pays for grounds care, sewer, trash collection
  • The owner pays for insurance, grounds care, repairs, snow removal, taxes
  • Assessor Parcel Number 310593000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,686

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 3
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: None
  • Year Built: 1962
  • Above Grade Finished Sq Ft: 4050
  • Water Sewer Expenses: 925
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • Attribution Contact: 612-756-3236
  • Attribution Contact: 612-756-3236
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 4050
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes
  • Basement YN: No
  • Amenities: Tile Floors
  • Appliances: Dishwasher,Dryer,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 3
  • Amenities: Tile Floors
  • Appliances: Dishwasher,Dryer,Range
  • Total Rooms: 3

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • ConstructionMaterialsDesc: Brick,Concrete,Frame

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 246
  • Other Parking Spaces: 6
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Four,One Per Unit

Schools

  • Junior High Dist: Sibley East
  • SchoolDistrictNumber: 2310
  • SchoolDistrictPhone: 507-964-2292

Lot Info

  • Lot Size: 66x174x85x34x58x159
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family,Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 9249.6600

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 310593000
  • Tax Annual Amount: 5686
  • TaxWithAssessments: 5740.0000

Multi Family

  • TenantPays: Grounds Care, Sewer, Trash Collection
  • ElectricExpense: 2961
  • Number Of Refrigerators: Four,One Per Unit

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2025 08/29/25 Sold $300,000 -14.3% $74 / Sq Ft
07/23/2025 07/23/25 Pending -- -- --
06/23/2025 06/23/25 Price Changed $350,000 -5.4% $86 / Sq Ft
05/30/2025 05/30/25 Price Changed $369,900 -7.5% $91 / Sq Ft
05/07/2025 05/07/25 Price Changed $400,000 -4.8% $99 / Sq Ft
03/28/2025 03/28/25 For Sale $420,000 -- $104 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6687846

NorthstarMLS