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.
Active
$2,400,000
220 Maple Ave SW, Elysian, MN 56028
9beds
17,280sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$139/sqft
$-- HOA
What's special
Modern low-maintenance finishesLvp flooringAmple off-street parkingIn-unit laundryStrong natural lightStainless appliancesSpacious kitchens with islands
- 93 days |
- 264 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
REBECCA THATE,
Re/Max Advantage Plus Mankato
Source: RASM,MLS#: 7039821
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 5
- Main level bedrooms: 7
Heating
- Forced Air, Natural Gas
Cooling
- Unit 1: Central Air, Unit 2: Central Air, Unit 3: Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Range/Stove, Electric Water Heater, Gas Water Heater, Individual Water Heaters
- Laundry: Unit 1: Washer/Dryer Hookups, Unit 2: Washer/Dryer Hookups, Unit 3: Washer/Dryer Hookups
Features
- Unit 1: Ceiling Fan(s), Eat-In Kitchen, Kitchen Center Island, Natural Woodwork, Unit 2: Ceiling Fan(s), Eat-In Kitchen, Kitchen Center Island, Natural Woodwork, Unit 3: Ceiling Fan(s), Eat-In Kitchen, Kitchen Center Island, Natural Woodwork, Walk-In Closet(s), Main Floor Bedrooms
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 17,280
- Total interior livable area: 17,280 sqft
- Finished area above ground: 17,280
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: None, Off Street, # Off Street Prkng Sp (L)
Accessibility
- Accessibility features: No Stairs Internal, Accessible Doors
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
Lot
- Size: 2.15 Acres
- Dimensions: 2.15 acres
- Features: Corner Lot, Landscaped, Paved, Telephone
Details
- Foundation area: 11552
- Parcel number: 164260030
- Other equipment: Air to Air Exchange
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame/Wood, Stone, Vinyl Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
Utilities & green energy
- Sewer: City
- Water: Public
Community & HOA
Location
- Region: Elysian
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $748,500
- Annual tax amount: $24,772
- Date on market: 4/1/2026
- Listing terms: Cash,Conventional
- Lease term: 12 Months
- Total actual rent: 5100
- Tenant pays: Broadband, Cable TV, Electricity, Water/Sewer, Fuel
- Road surface type: Curb/Gutters, Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,941/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2026 | Listed for sale | $2,400,000$139/sqft |
Source:  RASM #7039821 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,051 +82.6% | $748,500 +4.8% |
| 2024 | $6,599 +364.1% | $714,300 +74.7% |
| 2023 | $1,422 +64.6% | $408,800 +374.2% |
| 2022 | $864 +116% | $86,200 +92% |
| 2021 | $400 | $44,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 56028
Nearby schools
GreatSchools rating
- 6/10Waterville Elementary SchoolGrades: PK-4Distance: 5.9 mi
- 8/10Waterville-Elysian-Morristown Jr.Grades: 7-8Distance: 11.8 mi
- 6/10Waterville-Elysian-Morristown Sr.Grades: 9-12Distance: 5.9 mi
Schools provided by the listing agent
- District: Waterville-Elysian-Morristown #2143
Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Le Sueur County
- Janesville
- 56028
- 220 Maple Ave SW
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