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!
Active
$649,900
309 5th Ave NW, New Prague, MN 56071
8beds
4baths
3,876sqft
Fourplex
Built in 1976
-- sqft lot
$-- Zestimate®
$168/sqft
$-- HOA
What's special
Large parking lotNewer roofDeck or patioAttractive outdoor living spaces
- 91 days
- 205
- 13
Zillow last checked:
Listing updated:
Listed by:
Shane M. Weidall 612-812-8362,
South Metro Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7087349
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard
Appliances
- Laundry: Laundry Room, In Unit
Features
- Basement: None
Interior area
- Total structure area: 3,876
- Total interior livable area: 3,876 sqft
- Finished area above ground: 3,876
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Side Porch
Lot
- Size: 0.39 Acres
- Dimensions: 113 x 150
- Features: Corner Lot, Tree Coverage - Light
Details
- Foundation area: 1938
- Parcel number: 240050210
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Bohnsacks Add
HOA
- Amenities included: Deck, Patio
Location
- Region: New Prague
Financial & listing details
- Price per square foot: $168/sqft
- Tax assessed value: $405,100
- Annual tax amount: $5,580
- Date on market: 6/4/2026
- Tenant pays: Cable TV, Electricity
Estimated market value
Not available
Estimated sales range
Not available
$2,955/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Listed for sale | $649,900+23.8%$168/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7087349 Report a problem | ||
| 4/1/2024 | Sold | $525,000+5%$135/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6491245 Report a problem | ||
| 2/23/2024 | Pending sale | $499,900$129/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6491245 Report a problem | ||
| 2/19/2024 | Listed for sale | $499,900+215.4%$129/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6491245 Report a problem | ||
| 8/17/1998 | Sold | $158,500$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,408 +4.2% | $405,100 |
| 2024 | $5,188 -3% | $405,100 +1.6% |
| 2023 | $5,348 -3.2% | $398,900 +3.3% |
| 2022 | $5,526 -2% | $386,100 +15.6% |
| 2021 | $5,638 +6.1% | $334,070 +10.4% |
| 2020 | $5,316 | $302,600 |
| 2019 | $5,316 +15.2% | $302,600 |
| 2018 | $4,614 -18.3% | -- |
| 2016 | $5,646 | -- |
| 2014 | $5,646 | -- |
| 2013 | -- | $220,000 |
| 2012 | -- | $220,000 -15.4% |
| 2011 | $5,232 +2.7% | $260,000 -8.9% |
| 2010 | $5,092 +8.2% | $285,500 |
| 2009 | $4,708 -15.2% | $285,500 |
| 2008 | $5,550 +0.7% | -- |
| 2007 | $5,514 -1.4% | -- |
| 2006 | $5,590 +13.5% | -- |
| 2005 | $4,924 +25.9% | -- |
| 2004 | $3,910 +8.7% | -- |
| 2003 | $3,596 -13.5% | -- |
| 2002 | $4,156 -22% | -- |
| 2001 | $5,326 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 56071
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