Excellent Investment Opportunity in Slayton!
This fully rented 4-plex is a strong addition to any investment portfolio. Located in the west side of Slayton close to the elementary school, this income generating property features four units with a strong history of occupancy. Three of the units offer 2 bedrooms, 1 bathroom, and a single garage stall. The fourth unit is a spacious 3-bedroom, 1.5-bath layout with the added convenience of an attached double garage. All units are heated with propane and offer laundry hook-ups in the shared basement. Recent updates include brand-new shingles on the attached garages (2024) and 5-year-old shingles on the main 4-plex structure, adding peace of mind and long-term value. Whether you're looking to expand your rental holdings or just getting started, this multi-family property delivers reliable cash flow in a stable rental market. Don’t miss your chance to own this solid income-producing asset in a great location! Call for more details!
Closed
$172,500
2526 Garnet Ave, Slayton, MN 56172
9beds
5baths
4,002sqft
Quadruplex
Built in 1948
-- sqft lot
$-- Zestimate®
$43/sqft
$1,550 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,550/mo
Zestimate® history
Owner options
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$1,550/mo
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$1,550/mo
Rent Zestimate®
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$1,032/mo
Est. payment
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$1,032/mo
Est. payment
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List your homeWhat's special
Attached double garageSingle garage stall
Zillow last checked:
Listing updated:
Listed by:
Stacy M Like 507-836-8503,
Creative Three, Inc.
Bought with:
Stacy M Like
Creative Three, Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6716168
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Forced Air
Appliances
- Laundry: Common Area, Washer Hookup
Features
- Basement: Shared Access,Unfinished
Interior area
- Total structure area: 4,002
- Total interior livable area: 4,002 sqft
- Finished area above ground: 4,002
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Attached, Detached Garage
- Attached garage spaces: 6
- Details: Garage Dimensions (24x21), Garage Dimensions ( 12x21), Garage Dimensions (22x26), Garage Dimensions (22x22)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Patio & porch: Deck
Lot
- Size: 0.53 Acres
- Dimensions: 163 x 142
Details
- Foundation area: 2108
- Parcel number: 293100190
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Circuit Breakers, Fuses, Power Company: Xcel Energy
- Gas: Propane
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Hagen Add
Location
- Region: Slayton
Financial & listing details
- Price per square foot: $43/sqft
- Tax assessed value: $239,700
- Annual tax amount: $4,114
- Date on market: 5/6/2025
- Cumulative days on market: 135 days
- Tenant pays: Cable TV, Electricity
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Sold | $172,500-9%$43/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6716168 Report a problem | ||
| 9/18/2025 | Pending sale | $189,500$47/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6716168 Report a problem | ||
| 8/13/2025 | Price change | $189,500-4.5%$47/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6716168 Report a problem | ||
| 5/6/2025 | Listed for sale | $198,500$50/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6716168 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,114 +14.7% | $239,700 -1.6% |
| 2024 | $3,586 +24.2% | $243,700 +6% |
| 2023 | $2,888 +3% | $230,000 +9% |
| 2022 | $2,804 +6.2% | $211,000 +18.1% |
| 2021 | $2,640 -1% | $178,700 +4.2% |
| 2020 | $2,666 +742.1% | $171,500 |
| 2019 | $317 -89.7% | $171,500 +4.4% |
| 2018 | $3,082 +15.3% | $164,300 |
| 2017 | $2,672 | $164,300 |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56172
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- $94,0003 bd1 ba1.2k sqft2007 Court St, Slayton, MN 56172Sold
Nearby schools
GreatSchools rating
- 8/10Murray Co. Central Elementary SchoolGrades: 2-6Distance: 0.2 mi
- 8/10Murray County Central SecondaryGrades: 7-12Distance: 0.4 mi
- NAMurray County Central ElementaryGrades: PK-1Distance: 0.4 mi
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- Minnesota
- Murray County
- Slayton
- 56172
- 2526 Garnet Ave
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