Charming, cash flowing 4 Plex in the heart of New Germany only becoming available due to relocation. Property is ideally located next to the Dakota Rail Trail and just blocks from parks, baseball fields and The Fancy Farmer coffee shop. Three of the four units have been updated with laminate flooring or refinished hardwood floors, laminate countertops, and stylish touches like backsplashes and open shelving. Outdoor common areas feature a partially fenced yard, play structure, rope swing, picnic space, and sidewalks. Additional perks include a dedicated onsite caretaker, shared coin-op laundry, a large workshop with high ceilings and workbenches, individual storage units for each apartment, and a partially finished sauna. Water/sewer is submetered via TrueSubmeter, and tenants pay most utilities. A new dryer was installed in May 2025. Perfect for investors or live-in owners seeking a low-maintenance, income-producing property in a tight-knit community. Complete tear off and reroof of asphalt shingles 8/2025, and a membrane roof replacement 8/2025, as well as a new water heater 8/2025.
Closed
$350,000
460 Broadway St E, New Germany, MN 55367
10beds
4baths
4,652sqft
Quadruplex
Built in 1911
-- sqft lot
$351,800 Zestimate®
$75/sqft
$1,527 Estimated rent
Home value
$351,800
$324,000 - $383,000
$1,527/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Lisa Loraine Anderson 612-269-2124,
eXp Realty,
Desrochers Realty Group 612-688-7024
Bought with:
John Wichmann
RE/MAX Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6782242
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Heating
- Baseboard, Forced Air
Appliances
- Laundry: Common Area, Coin-op Laundry Owned
Features
- Basement: Crawl Space,Partial,Concrete
Interior area
- Total structure area: 4,652
- Total interior livable area: 4,652 sqft
- Finished area above ground: 4,652
- Finished area below ground: 0
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Front Porch
- Fencing: None
Lot
- Size: 0.38 Acres
- Dimensions: 112 x 150
- Features: Irregular Lot
Details
- Foundation area: 3944
- Parcel number: 550500080
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Roof: Asphalt,Metal
Condition
- New construction: No
- Year built: 1911
Utilities & green energy
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: New Germany
- Subdivision: City Lts Of New Germany
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $350,000-2.8%$75/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6782242 Report a problem | ||
| 9/21/2025 | Pending sale | $360,000$77/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6782242 Report a problem | ||
| 9/3/2025 | Price change | $360,000-6.5%$77/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6782242 Report a problem | ||
| 7/18/2025 | Listed for sale | $385,000-2.5%$83/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6757906 Report a problem | ||
| 7/18/2025 | Listing removed | $395,000$85/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6727748 Report a problem | ||
| 6/28/2025 | Price change | $395,000-3.7%$85/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6727748 Report a problem | ||
| 6/12/2025 | Listed for sale | $410,000+58.9%$88/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6727748 Report a problem | ||
| 1/23/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/11/2024 | Listed for rent | $950 |
Source: Zillow Rentals Report a problem | ||
| 5/27/2021 | Sold | $258,000+54.5%$55/sqft |
Source: Public Record Report a problem | ||
| 1/11/2018 | Sold | $167,000+70.6%$36/sqft |
Source: Public Record Report a problem | ||
| 2/12/2015 | Sold | $97,900+291.6%$21/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2257903 Report a problem | ||
| 3/30/2009 | Sold | $25,000-68.8%$5/sqft |
Source: Public Record Report a problem | ||
| 1/5/2001 | Sold | $80,000$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,914 -0.6% | $290,300 |
| 2024 | $4,942 +5.6% | $290,300 -0.2% |
| 2023 | $4,678 +33% | $290,900 +9% |
| 2022 | $3,516 -15.4% | $266,900 +57.7% |
| 2021 | $4,158 +1.1% | $169,200 +3.9% |
| 2020 | $4,114 +11.9% | $162,900 |
| 2019 | $3,676 | $162,900 +13.8% |
| 2017 | $3,676 -11% | $143,200 +2.9% |
| 2016 | $4,130 | $139,100 -1% |
| 2015 | $4,130 -9.4% | $140,500 |
| 2014 | $4,560 +16.4% | $140,500 |
| 2013 | $3,916 -3.2% | $140,500 |
| 2012 | $4,044 -15.2% | $140,500 -24.8% |
| 2011 | $4,770 +28.8% | $186,900 |
| 2010 | $3,704 +7.1% | -- |
| 2009 | $3,460 +16.9% | $190,800 +7.2% |
| 2008 | $2,960 | $178,000 0% |
| 2007 | -- | $178,053 +22.7% |
| 2005 | -- | $145,152 |
| 2004 | -- | $145,152 |
| 2002 | -- | -- |
| 2001 | $973 +4.5% | -- |
| 2000 | $931 | -- |
Find assessor info on the county website
Neighborhood: 55367
Nearby schools
GreatSchools rating
- 9/10Bayview Elementary SchoolGrades: K-5Distance: 8.7 mi
- 8/10Waconia Middle SchoolGrades: 6-8Distance: 8.2 mi
- 5/10Waconia Alternative Learning CenterGrades: 9-12Distance: 7.6 mi
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Estimated market value
$351,800
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Estimated market value
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- Minnesota
- Carver County
- New Germany
- 55367
- 460 Broadway St E
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