Hard to find investment property! 4-plex fully occupied, well maintained over many years of ownership. Rents from $640 to $765. 2 main floor; 2 upper level. 3 of the tenants use garage stall. A value buy for the investor looking to grow their portfolio
Closed
$212,500
621 Elm Ave E, Waseca, MN 56093
4beds
4baths
2,898sqft
Fourplex
Built in 1875
-- sqft lot
$-- Zestimate®
$73/sqft
$2,120 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,120/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kim G. Berg 507-456-0816,
Edina Realty, Inc.,
Marcia K. Berg 507-330-4153
Bought with:
Chuck Huebl
Waseca Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6817633
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Hot Water
Appliances
- Laundry: Common Area, Lower Level, Coin-op Laundry Owned
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,898
- Total interior livable area: 2,898 sqft
- Finished area above ground: 2,898
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage, Concrete, Off Site
- Garage spaces: 3
- Details: Garage Dimensions (28 x 22)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Deck
- Pool features: None
Lot
- Size: 10,454 Square Feet
- Dimensions: 86 x 125
- Features: Corner Lot, Tree Coverage - Light
Details
- Foundation area: 1449
- Parcel number: 172761210
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Frame
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1875
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: First Add
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Waseca
Financial & listing details
- Price per square foot: $73/sqft
- Tax assessed value: $262,800
- Annual tax amount: $5,225
- Date on market: 11/13/2025
- Cumulative days on market: 391 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $212,500-1.2%$73/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6817633 Report a problem | ||
| 5/28/2026 | Pending sale | $215,000$74/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6817633 Report a problem | ||
| 5/13/2026 | Price change | $215,000-17.3%$74/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6817633 Report a problem | ||
| 3/18/2026 | Price change | $260,000-5.5%$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6817633 Report a problem | ||
| 11/13/2025 | Listed for sale | $275,000-8.3%$95/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6817633 Report a problem | ||
| 11/10/2025 | Listing removed | $299,900$103/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6712409 Report a problem | ||
| 4/30/2025 | Listed for sale | $299,900$103/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6712409 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,330 +11.9% | $262,800 -2.6% |
| 2024 | $4,764 +13.2% | $269,900 +10.4% |
| 2023 | $4,208 +2.3% | $244,500 +53.4% |
| 2022 | $4,112 +1.6% | $159,400 +2.2% |
| 2021 | $4,048 | $155,900 +1.2% |
| 2020 | $4,048 +100% | $154,000 |
| 2019 | $2,024 -30.8% | $154,000 +40.5% |
| 2018 | $2,924 +12.1% | $109,600 |
| 2017 | $2,608 | $109,600 +1.8% |
| 2016 | -- | $107,700 +16.4% |
| 2015 | -- | $92,500 -13.6% |
| 2012 | -- | $107,100 -6.8% |
| 2011 | -- | $114,900 -3.4% |
| 2010 | -- | $118,900 |
Find assessor info on the county website
Neighborhood: 56093
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Nearby schools
GreatSchools rating
- 3/10Hartley Elementary SchoolGrades: PK-3Distance: 0.3 mi
- 6/10Waseca Junior High SchoolGrades: 7-8Distance: 1.3 mi
- 6/10Waseca Senior High SchoolGrades: 9-12Distance: 1.3 mi
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- Minnesota
- Waseca County
- Waseca
- 56093
- 621 Elm Ave E
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