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32-Unit Senior Apartment Building
For Sale
$599,900

3200 Maple Avenue, Slayton, MN 56172

Commercial Sale, Slayton, MN

Property SizeContact for details
Lot Size0.88 Acres
Days on Market261

Property Features for 3200 Maple Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Residential-Multi-Family
Parking features Parking Lot
Exterior features Brick/Stone
Accessibility Accessible Elevator Installed
Lot features Irregular Lot
High school district Murray County Central
Directions Take Hwy 59 into Slayton to Maple Avenue. Building to the South adjacent side
Standard status Active
APN 290150240
Lot size 0.88 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1768

Utilities

Heating system Oil
Cooling system Wall Unit(s)

Building Details

Year built 1979
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Dylan A Maitland
Added: Dec 11, 2025 Changed: Aug 27 Last Checked: Aug 29 at 1:06AM
MLS# 6825937

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.

Built in 1979, this 32-unit senior apartment property offers a consistent one-bedroom layout across 0.878 acres. Common areas support resident use, while individually metered electric helps separate unit-level utility consumption. The building has brick/stone exterior construction, oil heating, wall-unit cooling, and an updated boiler system.

Located at 3200 Maple Avenue in Slayton, Minnesota, the property includes an on-site parking lot and an accessible elevator. A HUD/Section 8 contract is in place through 2036, providing an established operating framework for the current senior housing use.

Key Highlights

  • 32 one‑bedroom units in a consistent layout
  • HUD/Section 8 contract in place through 2036
  • 0.878‑acre property built in 1979

Property Analytics

Current Use

Maple Tree Est. Apartment Building Southgate Apartments Apartment Building

Suggested Use

Top Pick Dental Office Plumbing Service Grocery & Convenience Store Bakery (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

32
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Senior housing property with common areas, individually metered electric, parking, and an accessible elevator.
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 $599,900.
What are key features of this property?
This property features: 32 one‑bedroom units in a consistent layout; HUD/Section 8 contract in place through 2036; 0.878‑acre property built in 1979
More about this property
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