24-Unit Apartment
For Sale
$980,000
207 and 213 9th Avenue, Madison, MN 56256
Commercial Sale, Madison, MN
Property SizeContact for details
Lot Size0.64 Acres
Days on Market291
Property Features for 207 and 213 9th Avenue
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Garage - Detached
Patio and Porch features
Patio, Deck
Appliances
Range, Refrigerator
Lot features
Tree Coverage - Light
High school district
Lac Qui Parle Valley
Directions
WEST SIDE OF MADISON
Standard status
Active
APN
540640040
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16990
Utilities
Heating system
Baseboard
Cooling system
Wall Unit(s)
Amenities
outside patio
decks
laundry room
Building Details
Year built
1976
Building materials
Frame
Roof type
Shingle
Listing Agency:
Peterson Team Realty
(320) 598-3344
Listed By:
Dawn G Peterson
(763) 390-3017
Added: Dec 24, 2025
Changed: Oct 8
Last Checked: Oct 11 at 3:06PM
MLS# 7000979
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 24-unit apartment property at 207 and 213 9th Avenue in Madison comprises two buildings with main-level and upper-level apartments. The unit mix includes 3 one-bedroom and 21 two-bedroom residences. Improvements completed in 2019 included toilets, flooring, carpet, and sliding glass doors. Main-level apartments have patios, while upper-level apartments have decks. A shared laundry room has coin-operated machines.
The property occupies 0.64 acres. Construction is frame, with baseboard heating, wall-unit cooling, shingle roofs, and detached garage parking. Ranges and refrigerators are among the listed appliances. Residents are responsible for electricity, heat, and cable television; ownership covers water, sewer, garbage, lawn care, and snow removal.
The property occupies 0.64 acres. Construction is frame, with baseboard heating, wall-unit cooling, shingle roofs, and detached garage parking. Ranges and refrigerators are among the listed appliances. Residents are responsible for electricity, heat, and cable television; ownership covers water, sewer, garbage, lawn care, and snow removal.
Key Highlights
- 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
Property Analytics
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Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 56256, MN
2,433
Population
1,349
Households
1.8
Avg Household Size
51
Median Age
21%
College-Educated
96%
High-School Grad
230.6 sq mi
ZIP Area
11
Density / Sq Mi
$62,250
Median Household Income
$35,302
Median Earnings
$906
Median Rent
$122,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings provide main- and upper-level residences, outdoor areas, and coin-operated laundry.
Where is this apartment building located?
The property is located at 207 and 213 9th Avenue Madison, MN.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 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
