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    209 S Minnesota St New Ulm, MN 56073

    New
    For Sale
    $460,000

    Multi-Family - New Ulm, MN

    Type:Multi Family
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 209 S Minnesota St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    00100206312120
    Parking features
    Unassigned
    EntryLevel
    1st,2nd
    Appliances
    Range, Refrigerator

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Radiant, Steam, Wood (Heating), Wood Stove
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1947
    Building materials
    Brick
    Roof type
    Flat, Rubber
    Architectural style
    Other

    Keller Williams Premier Realty (507) 424-4422 [email protected]

    Listing agent Sofia Engel 504742444256018 License #40933029

    Listing date Dec 1, 2025

    MLS# 7039115 Listing URL

    Copyright © 2025 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Ulm Multifamily Investment Opportunity

    This 12-unit apartment building in downtown New Ulm presents an investment opportunity with immediate income and value-add potential. Currently, six units are leased, providing in-place revenue. Of the remaining six units, three require minor updates to become rent-ready. One unit has been fully gutted and is ready for a complete build-out, while two require more extensive repairs. The property is located in a convenient downtown setting close to amenities, offering long-term rental demand. This property is an ideal value-add opportunity for an investor ready to complete the renovations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Brown
    State
    Minnesota
    Longitude
    -94.456388
    Latitude
    44.311081

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    FAQs

    What type of property is this?
    Apartment building - 12-unit apartment building in downtown New Ulm with value-add potential.
    Where is this apartment building located?
    The property is located at 209 S Minnesota St New Ulm, MN.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - Value-add opportunity: Priced to reflect needed renovations, offering significant upside potential for investors.; - Immediate income potential: Six units are currently leased and generating revenue.; - Convenient downtown location: Situated in downtown New Ulm, close to amenities and services.
    (504) 742-4442
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    209 S Minnesota St New Ulm, MN 56073
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    New Ulm, MN 56073
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 S Minnesota St New Ulm, MN 56073
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