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23-Unit Apartment Building

500 Boright St, Le Sueur, MN 56058

For Sale
$1,900,000

Residents have access to on-site laundry, rentable storage, and a detached garage.

Property Size15,842 SF
Lot Size1.14 Acres
Price / SF$119.93
Days on Market12

Property Features for 500 Boright St

General Information

Standard status Active
Size 15,842 SF
Lot size 1.14 Acres
Occupancy 100%

Units

Unit Mix 11 x one-bedroom, 12 x two-bedroom
Multifamily Units 23

Additional Details

Highway Access Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $21,082

Amenities

air conditioning
on-site laundry
rentable storage

Building Details

Buildings 1
Stories 3
Construction brick
Listing Agency: RE/MAX Advantage Plus
Listed By: Dan Frank
Source: Exprealty
Added: Oct 27 Changed: Nov 6 Last Checked: Nov 6 at 2:40PM

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

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Investment Insights

Based on property information with market context.

The three-story brick apartment property contains 23 units across 15,842 square feet on 1.14 acres. Its mix includes eleven one-bedroom apartments and twelve two-bedroom apartments, each with air conditioning. A detached 12-stall garage, built in 2017, is rented to residents; additional features include off-street parking, rentable storage, and on-site laundry. Heat is included, while residents pay for electricity and internet. Occupancy is 100%.

Located in Le Sueur along the U.S. Highway 169 corridor, the property sits between the Twin Cities and Mankato, with St. Peter and Belle Plaine each about 10 minutes away. Cambria’s corporate headquarters and Le Sueur-Henderson Public Schools are also in the city.

Recent work includes new entrance awnings and lighting in 2026, along with parking-lot patching and restriping. In 2025, the property received boiler tune-ups, a new water heater, new laundry washers, and replacement plantings after shrub removal.

Key Highlights

  • 23 apartments: eleven one‑bedroom and twelve two‑bedroom units
  • 15,842‑square‑foot, three‑story brick building on 1.14 acres
  • 100% occupied; heat included, with residents paying electricity and internet

Property Analytics

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Lease Details

23
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

255
Businesses Nearby

Demographics for 56058, MN

6,066
Population
2,759
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
126.7 sq mi
ZIP Area
48
Density / Sq Mi
$82,500
Median Household Income
$47,619
Median Earnings
$881
Median Rent
$259,800
Median Home Value
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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 - Residents have access to on-site laundry, rentable storage, and a detached garage.
Where is this apartment building located?
The property is located at 500 Boright St Le Sueur, MN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 23 apartments: eleven one‑bedroom and twelve two‑bedroom units; 15,842‑square‑foot, three‑story brick building on 1.14 acres; 100% occupied; heat included, with residents paying electricity and internet
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