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$649,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • Updated 17 hours ago
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Excellent investment opportunity in New Prague! This well-maintained 4-plex features four 2-bedroom, 1-bath units with strong rental history and recently renewed one-year leases, providing immediate and stable cash flow for the new owner. Each unit offers its own laundry room, deck or patio, and separately metered utilities. Major updates include newer roof, siding, and windows, helping minimize future maintenance expenses. The property also features a large parking lot and attractive outdoor living spaces for tenants. Whether you're a seasoned investor or looking to add your first multifamily property to your portfolio, this turnkey investment offers reliable income and long-term potential in the growing New Prague market. Schedule your showing today!

Full Property Details for 309 5th Ave NW

General

  • Price: $649,900
  • Taxes: $5,580 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7087349
  • Updated: 6/5/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Laundry Room, In Unit, Laundry Room, In Unit

Additional Information

  • Shared Amenities: Deck, Patio

Exterior

  • Porch/Patio/Deck: Side Porch

Parking

  • Parking Features: Gravel, Parking Lot

Location

  • County: Scott
  • Township: New Prague
  • Subdivision: Bohnsacks Add
  • Driving Directions: Hwy 19 W to 5th Ave Nw N to Property

School Information

  • School District: 721 - New Prague Area Schools
  • High School District: New Prague Area Schools

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Foundation Size: 1938
  • Disability Access: None
  • Square Feet: 3,876
  • Above Ground: 3,876 Sq. Ft.
  • Finished Down/Base.: 3,876 Sq. Ft.
  • Year Built: 1976

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.39
  • Lot Dimensions: 113 x 150
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot, Light Tree Coverage

Financial Considerations

  • Operating Expenses: $4,616
  • Tax Amount: $5,580
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Water
  • Tenant Pays: Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: SUBDIVISIONNAME BOHNSACK'S ADDN LOT 8&9 BLOCK 003 SUBDIVISIONCD 24005 & N 13' OF LOT 10
  • Property ID: 240050210

Listed by South Metro Realty

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— 309 5th Ave NW —

  • South Metro Realty

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NMLS#: 1598647

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Schools serving 309 5th Ave NW

School District:New Prague Area Schools
NameGradesDistance
Central Education Campus
405 1st Avenue Northwest, New Prague, MN 56071
K-PK0.4 mi
Raven Stream Elementary School
300 11th Avenue Northwest, New Prague, MN 56071
K-50.6 mi
New Prague Middle School
721 Central Avenue North, New Prague, MN 56071
6-80.5 mi
New Prague Senior High School
221 12th Street Northeast, New Prague, MN 56071
9-121 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 309 5th Ave NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/04/2026
Listed
$649,900
23.79%
MLS
4/01/2024
Sold
$525,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 309 5th Ave NW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,408
—
$458,600
13%
2025
$5,408
4%
$405,100
—
2024
$5,188
-3%
$405,100
2%
2023
$5,348
-3%
$398,900
3%
2022
$5,526
-2%
$386,100
16%
2021
$5,638
6%
$334,070
10%
2020
$5,316
—
$302,600
-9%
2020
$5,316
15%
$334,070
31%
2019
$4,614
-2%
$254,100
5%
2018
$4,702
1%
$242,100
—
2017
$4,664
-17%
$242,100
5%
2016
$5,646
37%
$231,100
5%
2015
$4,118
-8%
$220,000
—
2014
$4,458
-7%
$220,000
—
2013
$4,770
—
$220,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by South Metro Realty

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309 5th Avenue NW, New Prague, MN 56071 (MLS# 7087349) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 309 5th Avenue NW is currently listed for $649,900 and was received on June 04, 2026. Want to learn more about 309 5th Avenue NW? Do you have questions about finding other Multi-Family real estate for sale in New Prague? You can browse all New Prague real estate or contact a Coldwell Banker agent to request more information.

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