Newer-Construction 16-Unit
220 Maple Ave SW, Elysian, MN 56028
For Sale
$2,400,000
Sixteen fully leased units in four 4-plex buildings built in 2021–2022 with in-unit laundry and private patios/decks.
Property Size17,280 SF
Lot Size2.15 Acres
Price / SF$138.89
Days on Market222
Property Features for 220 Maple Ave SW
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Multifamily Units
Amenities
private patios/decks
in-unit laundry
Building Details
Year Built
Listing Agency:
RE/MAX Advantage Plus
Listed By:
Rebecca Thate · License #20422215
(507) 385-2121
Source:
Vibemn
Added: Apr 2
Changed: Nov 1
Last Checked: Nov 8 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advantage Plus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered as a package, this fully stabilized newer-construction multifamily portfolio features four separate 4-plex buildings totaling 16 units. Built in 2021/2022 and sited on 2.15 acres, the property includes a mix of unit layouts: two two-story buildings, one single-level building, and one bi-level building. Each home emphasizes low-maintenance, durable finishes such as LVP flooring, stainless appliances, and spacious kitchens with islands, along with in-unit laundry. Exterior living space is provided via private patios or decks, with separate HVAC systems and ample off-street parking supporting tenant comfort and day-to-day convenience.
The portfolio is located at 220 SW Maple Ave in Elysian, MN (address provided). With all 16 units currently leased and supported by a proven rental history, the property is positioned for immediate operating results. Gross annual income is reported at $243,000, with operating expenses of $61,692, reflecting an efficient expense ratio and in-place cash flow.
The package totals 17,208 finished square feet and includes 36 bedrooms and 20 bathrooms across 16 units. Full financials and a rent roll are available upon request.
The portfolio is located at 220 SW Maple Ave in Elysian, MN (address provided). With all 16 units currently leased and supported by a proven rental history, the property is positioned for immediate operating results. Gross annual income is reported at $243,000, with operating expenses of $61,692, reflecting an efficient expense ratio and in-place cash flow.
The package totals 17,208 finished square feet and includes 36 bedrooms and 20 bathrooms across 16 units. Full financials and a rent roll are available upon request.
Key Highlights
- 16 fully leased units in four 4‑plex buildings, built in 2021–2022, offered as a package
- Gross annual income of $243,000 with operating expenses of $61,692
- 17,208 finished SF total with 36 bedrooms and 20 bathrooms across the 16 units
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
16
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 56028, MN
1,271
Population
664
Households
1.9
Avg Household Size
50
Median Age
33%
College-Educated
97%
High-School Grad
17.9 sq mi
ZIP Area
71
Density / Sq Mi
$103,542
Median Household Income
$56,615
Median Earnings
$1,093
Median Rent
$357,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Sixteen fully leased units in four 4-plex buildings built in 2021–2022 with in-unit laundry and private patios/decks.
Where is this apartment building located?
The property is located at 220 Maple Ave SW Elysian, MN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 16 fully leased units in four 4‑plex buildings, built in 2021–2022, offered as a package; Gross annual income of $243,000 with operating expenses of $61,692; 17,208 finished SF total with 36 bedrooms and 20 bathrooms across the 16 units
