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23-Unit Apartment Building
For Sale
$600,000

3200 Maple Avenue, Slayton, MN 56172

Commercial Sale, Slayton, MN

Property SizeContact for details
Lot Size0.88 Acres
Days on Market143

Property Features for 3200 Maple Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Residential-Multi-Family
Parking features Parking Lot
Appliances Range, Refrigerator
Lot features Irregular Lot
High school district Murray County Central
Directions Take Hwy 59 into Slayton to Maple Avenue
Standard status Active
APN 290150220
Lot size 0.88 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9839

Utilities

Heating system Baseboard, Oil, Hot Water(Heating)
Cooling system Wall Unit(s)

Building Details

Year built 1974
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Dylan A Maitland
Added: May 28 Changed: Oct 17 Last Checked: Oct 17 at 5:06PM
MLS# 7082296

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.

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Investment Insights

Based on property information with market context.

This 23-unit apartment property was built in 1974 and sits on 0.878 acres. The unit mix consists of 14 two-bedroom apartments and nine one-bedroom apartments. Range and refrigerator appliances are provided. Heating is by oil-fired hot water and baseboard systems, and wall-unit cooling serves the apartments.

A parking lot is part of the property. The site is located at 3200 Maple Avenue in Slayton, Minnesota.

Key Highlights

  • 23 apartments: 14 two‑bedroom units and nine one‑bedroom units
  • 0.878‑acre parcel
  • Built in 1974

Property Analytics

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Current Use

Maple Tree Est. Apartment Building Southgate Apartments Apartment Building

Suggested Use

Top Pick Dental Office Plumbing Service Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

23
Residential units

Location Intelligence

Trade Area within ½ mile

188
Businesses Nearby

Demographics for 56172, MN

2,954
Population
1,645
Households
1.8
Avg Household Size
48
Median Age
31%
College-Educated
92%
High-School Grad
116.3 sq mi
ZIP Area
25
Density / Sq Mi
$79,583
Median Household Income
$45,540
Median Earnings
$707
Median Rent
$189,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The apartment mix includes one- and two-bedroom layouts, with parking provided in a dedicated lot.
Where is this apartment building located?
The property is located at 3200 Maple Avenue Slayton, MN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 23 apartments: 14 two‑bedroom units and nine one‑bedroom units; 0.878‑acre parcel; Built in 1974
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