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    623 N Broadway St New Ulm, MN 56073

    For Sale
    $156,900

    Multi-Family, Duplex - Up & Down - New Ulm, MN

    Type:Multi Family
    Property size:
    1,567 SF
    Lot size:
    0.19 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 11 at 10:06 am

    Property Features for 623 N Broadway St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    00100109906060
    Parking
    8
    Interior features
    Eat-in Kitchen, Washer/Dryer Hookups, # Off Street Prkng Sp (l), Eat-in Kitchen, # Off Street Prkng Sp (l), Unfinished
    EntryLevel
    Main Floor,Upstairs
    Basement Y/N
    1
    Appliances
    Dryer, Range, Refrigerator
    Size
    1,567 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air, Space Heater, Wall Furnace

    Building Details

    Year built
    1888
    Number of units
    2
    Building materials
    Stucco
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    REMAX Beyond Real Estate (507) 354-3543 [email protected]

    Listing agent SUE ROTHMEIER (507) 354-3543

    Listing date Oct 18, 2025

    MLS# 7038360 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 Duplex Investment

    This property is a duplex located in New Ulm, MN, offering an investment opportunity. Each unit features 2 bedrooms and 1 bath. The upstairs unit is currently occupied without a lease, and the rent is scheduled to increase in December. The main floor unit is also occupied and has a lease in place. The property includes a basement with laundry facilities. The lot size is 0.19 acres, and the property size is 1567 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -94.466959
    Latitude
    44.319096

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    FAQs

    What type of property is this?
    Duplex - Duplex in New Ulm, MN with tenant occupied units.
    Where is this duplex located?
    The property is located at 623 N Broadway St New Ulm, MN.
    What is the asking price?
    The asking price for this property is $156,900.
    What are key features of this property?
    This property features: - Duplex: Investment opportunity with two separate units.; - Two 2-bedroom, 1-bath units.; - Basement with laundry hookups in the main floor unit.
    (507) 354-3543
    Request Owner's contact information
    623 N Broadway 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
    623 N Broadway St New Ulm, MN 56073
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