220 Maple Avenue Sw, Elysian, MN 56028

Elysian
Local realty services provided by:ERA Viking Realty
220 Maple Avenue Sw,Elysian, MN 56028
$2,400,000
Virtual Tour
  • 5 Beds
  • 3 Baths
  • 17,280 sq. ft.
  • Multi-family
  • Active
Listed by: rebecca thate
Office: re/max advantage plus
MLS#:7046788
Source:NSMLS

Price summary

  • Price:$2,400,000
  • Price per sq. ft.:$138.89

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...

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Home facts

  • Year built:2021
  • Listing ID #:7046788
  • Added:96 day(s) ago
  • Updated:July 06, 2026 at 12:12 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Basement:Yes
  • Living area:17,280 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:2021
  • Building area:17,280 sq. ft.
  • Lot area:2.15 Acres
  • Lot Features:Corner Lot, Underground Utilities
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$2,400,000
  • Price per sq. ft.:$138.89
  • Tax amount:$24,772 (2026)

Parking

  • Parking description:Parking Lot
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