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
- 45 days |
- 229 |
- 8 |
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
Loading...
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
$3,201/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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 56071
Nearby schools
GreatSchools rating
- NACentral Education CampusGrades: PK-8Distance: 0.4 mi
- 9/10New Prague Senior High SchoolGrades: 9-12Distance: 1 mi
- 9/10New Prague Middle SchoolGrades: 6-8Distance: 0.5 mi
- $--2 bd1 ba650 sqft309 5th Ave NW APT 2, New Prague, MN 56071Off Market
- $405,1006 bd4 ba1.9k sqft307 5th Ave NW, New Prague, MN 56071Off Market
- $238,5002 bd1 ba1.2k sqft305 5th Ave NW, New Prague, MN 56071Sold
- $287,2002 bd2 ba1.8k sqft310 4th Ave NW, New Prague, MN 56071Off Market
- $465,1003 bd3 ba3.1k sqft403 3rd St NW, New Prague, MN 56071Off Market
- $438,4003 bd3 ba2k sqft403 3rd St NW, New Prague, MN 56071Off Market
- $377,8001 bd1 ba700 sqft306 4th Ave NW, New Prague, MN 56071Off Market
- $---- bd-- ba-- sqft306 4th Ave NW APT 2, New Prague, MN 56071Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $549,0005 bd4 ba3.1k sqft900 Heritage Trl NE, New Prague, MN 56071For Sale
MLS ID #7024823, Sally Serie, RE/MAX Advantage Plus. NorthstarMLS as distributed by MLS GRID - $499,9005 bd4 ba3.4k sqft604 Evergreen Ave SE, New Prague, MN 56071For Sale
MLS ID #7107499, Pang Moua, Real Broker, LLC. NorthstarMLS as distributed by MLS GRID - $694,0005 bd3 ba3.6k sqft702 Eastland Ave SE, New Prague, MN 56071For Sale
MLS ID #7054699, Lori Melbostad, Real Broker, LLC. NorthstarMLS as distributed by MLS GRID - $400,0006 bd2 ba2.5k sqft314 Pershing Ave N #316, New Prague, MN 56071For Sale
MLS ID #7029762, Rodney D. Tietz, True Life Real Estate Solution. NorthstarMLS as distributed by MLS GRID - $799,9005 bd4 ba3.6k sqft24678 Churchview Cir, New Prague, MN 56071For SaleMLS ID #7096963, Jason Walgrave, RE/MAX Advantage Plus. NorthstarMLS as distributed by MLS GRID
- $639,9005 bd4 ba3.9k sqft4308 Cass Ct, Webster, MN 55088For SaleMLS ID #7106209, Lisa A. Stevens, ERA Prospera Real Estate. NorthstarMLS as distributed by MLS GRID
- $939,9005 bd3 ba3.5k sqft26721 Redwing Ave, New Prague, MN 56071For SaleMLS ID #6816452, Tracy Steinberg, ERA Gillespie Real Estate. NorthstarMLS as distributed by MLS GRID
- $659,9005 bd4 ba3k sqft2161 Colburn Dr, Shakopee, MN 55379For SaleMLS ID #7091253, David G Brown, Dave Brown, REALTORS. NorthstarMLS as distributed by MLS GRID
- $399,9006 bd4 ba3.4k sqft502 Vine Ave W, Montgomery, MN 56069For SaleMLS ID #7065815, Joe "Bubba" Kubes, Kubes Realty Inc. NorthstarMLS as distributed by MLS GRID
- $659,9005 bd4 ba3.6k sqft11825 177th St W, Lakeville, MN 55044For SaleMLS ID #7100801, Benjamin Poehling, The Leo Agency. NorthstarMLS as distributed by MLS GRID
- $775,0005 bd2 ba2.9k sqft25617 Cedar Ln, New Prague, MN 56071For SaleMLS ID #7011232, Jennifer McFadyen, Compass. NorthstarMLS as distributed by MLS GRID
- $630,0005 bd4 ba3.5k sqft618 Tupelo Way, Chaska, MN 55318For SaleMLS ID #7081694, Ryan Olson, Pemberton RE. NorthstarMLS as distributed by MLS GRID
- $629,0006 bd4 ba3.5k sqft3351 Griggs St SW, Prior Lake, MN 55372For SaleMLS ID #7098564, Jason L Michels, DF & Company, Inc. NorthstarMLS as distributed by MLS GRID
- $699,9005 bd4 ba3k sqft20247 Lake Ridge Dr, Prior Lake, MN 55372For SaleMLS ID #7069962, David G Brown, Dave Brown, REALTORS. NorthstarMLS as distributed by MLS GRID
- $649,9005 bd4 ba3.4k sqft17773 Ketchikan Ct, Lakeville, MN 55044For SaleMLS ID #7102097, Lauren H Novak, RE/MAX Results. NorthstarMLS as distributed by MLS GRID
- $949,9995 bd5 ba5k sqft24560 Cedar Point Rd, New Prague, MN 56071For SaleMLS ID #7065760, Harley Hutchinson, eXp Realty. NorthstarMLS as distributed by MLS GRID
- $799,0005 bd3 ba2.4k sqft24391 Panama Ave, Elko New Market, MN 55020For SaleMLS ID #7105910, Steven Eischens, eXp Realty. NorthstarMLS as distributed by MLS GRID
- $649,9005 bd4 ba3k sqft1562 Edgebrook Ln, Carver, MN 55315For SaleMLS ID #7092496, Moe Mossa, Savvy Avenue, LLC. NorthstarMLS as distributed by MLS GRID
- $575,9005 bd4 ba2.5k sqft11904 Dodd Rd, Kilkenny, MN 56052For SaleMLS ID #7074834, Amanda Fraley, Edina Realty, Inc.. NorthstarMLS as distributed by MLS GRID
- $749,9005 bd3 ba3k sqft13995 Hidden Lake Trl NE, Prior Lake, MN 55372For SaleMLS ID #7080983, Chris P Rooney, RE/MAX Preferred. NorthstarMLS as distributed by MLS GRID
