Apartment Building

Madison, MN Apartment Buildings for Sale

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24-Unit Apartment Property
Updated: Dec 24, 2025
24-Unit Apartment Property

207 and 213 9th Avenue, Madison, MN 56256

$980,000
0.64 AC lot
24 apartments across two buildings
Unit mix: 3 one‑bedroom and 21 two‑bedroom apartments
Toilets, flooring, carpet, and sliding glass doors updated in 2019
0.64‑acre property with patios at main‑level units and decks at upper‑level units
Coin‑operated laundry room
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24-Unit Apartment Property
Updated: Oct 9
24-Unit Apartment Property

207 And 213 9th Ave, Madison, MN 56256

$980,000
23,968 sqft
24 apartments: 3 one‑bedroom units and 21 two‑bedroom units
Two buildings with main‑level and upper‑level residences
2019 improvements included toilets, flooring, carpeting, and sliding glass doors
Outdoor patios for main‑level units and decks for upper‑level units
Coin‑operated laundry machines in a dedicated room
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Madison, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

9-Unit Apartment Property
9-Unit Apartment Property

215 S 5th St, Montevideo, MN 56265

$899,900
8,619 sqft

Two buildings combine updated apartments with coin-operated laundry, garage parking, and a fenced outdoor area.

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Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

104 W Main St, Cottonwood, MN 56229

$249,900
13,833 sqft

Two-level property combines five apartments with flexible street-level commercial and storage areas.

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Mixed-Use Property with Apartments
Mixed-Use Property with Apartments

104 W Main Street, Cottonwood, MN 56229

$249,900
0.16 AC lot

Two-level commercial property combining residential units with multiple street-front business spaces and separate entrances.

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9-Unit Multifamily Property
9-Unit Multifamily Property

215 S 5th Street, Montevideo, MN 56265

$899,900
0.53 AC lot

Two buildings on one parcel provide a seven-unit main residence and a separate two-unit building.

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Madison, MN Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Madison, MN on our real estate platform. These investment opportunities span a total of 23,968 square feet of properties for sale, with an estimated market value of $1,960,000.

Sale prices for apartment complexes in Madison, MN average $980,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,352
Population Growth (5Y) -1.4%
Median Household Income $62,250
College Educated 25.6%

Taxes & Financing

Tax Rate (average for all types) 3.10%
Tax Rate vs County Average 0.20 pp below county avg
Average Loan-to-Value 65.0%

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