Date
Details
Price
Change
Source
3/30/2026
Listed
$2,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,400,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 220 Maple Ave SW
General
- Price: $2,400,000
- Taxes: $24,772 (2026)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7046788
- Updated: 3/31/2026
- Added to Site: 2 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Electric Dryer Hookup, Laundry Closet, In Unit, Washer Hookup, Electric Dryer Hookup, Laundry Closet, In Unit, Washer Hookup
Exterior
- Porch/Patio/Deck: Deck, Patio
Parking
- Garage Description: 0 x 0
- Parking Features: Parking Lot, Paved Lot
Location
- County: Le Sueur
- Township: Elysian
- Subdivision: Hidden Meadows
- Driving Directions: MN Hwy 60 to NW 3rd to Southwest Maple Ave SW.
School Information
- School District: 1047 - Waterville-Elysian-Morristown
- High School District: Waterville-Elysian-Morristown
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Frame
- Foundation Size: 11552
- Disability Access: Doors 36"+, Other
- Square Feet: 17,280
- Above Ground: 17,280 Sq. Ft.
- Finished Down/Base.: 17,280 Sq. Ft.
- Year Built: 2021
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 2.15
- Lot Dimensions: 2.15
- Frontage: City Street, Paved Streets
- Zoning: Residential-Multi-Family
- Lot Description: Corner Lot, Underground Utilities
Financial Considerations
- Operating Expenses: $61,692
- Tax Amount: $24,772
- Tax Year: 2026
- Terms: Conventional, Cash
- Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Repairs, Snow Removal, Taxes, Trash Collection
- Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Heat, Telephone, Water
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Heat: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Tenant Pays
Disclosures and Reports
- Legal Description: HIDDEN MEADOWS NO. 2 LOT-003 BLOCK-001 1.51 AC
- Property ID: 164260030
Listed by RE/MAX Advantage Plus
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Schools
Schools serving 220 Maple Ave SW
School District:Waterville-Elysian-Morristown Public School District
| Name | Grades | Distance |
|---|---|---|
Waterville Elementary School 500 Paquin Street East, Waterville, MN 56096 | PK-4 | 5.9 mi |
Morristown Elementary School 23 Ann Street East, Morristown, MN 55052 | 5-6 | 11.8 mi |
Waterville-Elysian-Morristown Jr. 23 Ann Street East, Morristown, MN 55052 | 7-8 | 11.8 mi |
Waterville-Elysian-Morristown Sr. 500 Paquin Street East, Waterville, MN 56096 | 9-12 | 5.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 220 Maple Ave SW
Tax History
Tax History for 220 Maple Ave SW
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,818
54%
$748,500
5%
2023
$10,294
589%
$714,300
75%
2022
$1,494
73%
$408,800
374%
2022
$864
116%
$86,200
92%
2020
$400
—
$44,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 220 Maple Ave SW
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220 Maple Avenue SW, Elysian, MN 56028 (MLS# 7046788) is a Multi-Family property with 4 units containing 5 bedrooms and 0 full bathrooms. 220 Maple Avenue SW is currently listed for $2,400,000 and was received on March 30, 2026. Want to learn more about 220 Maple Avenue SW? Do you have questions about finding other Multi-Family real estate for sale in Elysian? You can browse all Elysian real estate or contact a Coldwell Banker agent to request more information.