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    Elgin, MN
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    Elgin, MN Multifamily Properties for Sale

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    Updated Quadplex with Off-Street Parking
    Updated: Jun 20
    Updated Quadplex with Off-Street Parking

    150 2nd Ave Sw, Elgin, MN 55932

    $349,900
    3,552 sqft
    Four‑unit quadplex totaling 3,552 square feet
    Roof replacement completed in 2023
    Windows, siding, and boiler updated in 2016
    Coin‑operated washer and dryer on site
    Corner lot across from a school, park, and ball fields
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Elgin, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Purpose-Built Side-by-Side Duplex
    Purpose-Built Side-by-Side Duplex

    1013 9th Street NE, Rochester, MN 55906

    $275,000
    1,400 sqft 0.14 AC lot

    Side-by-side duplex with two-bedroom and one-bedroom units, shared full basement access, and onsite laundry.

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    Two-Story Duplex with Main-Level Vacancy
    Two-Story Duplex with Main-Level Vacancy

    1009 E Center Street, Rochester, MN 55904

    $199,900
    1,488 sqft 0.17 AC lot

    Two-story duplex with main level vacant for owner-occupied rental, plus an upstairs tenant on a long-term lease.

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    Mixed-Use Retail and Apartments
    Mixed-Use Retail and Apartments

    312 Center St E, Hammond, MN 55991

    Contact for pricing
    4,400 sqft

    Turnkey mixed-use building with storefront space, a commercial kitchen/cafe, and two updated apartments with separate utilities.

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    Turnkey 4-Plex Income Property
    Turnkey 4-Plex Income Property

    317 14th St Sw, Rochester, MN 55904

    $649,900

    Completely remodeled, fully occupied fourplex with four 2-bedroom units and in-unit laundry, each with boiler heat and mini-split HVAC.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Buildable Residential Lot with Pines
    Buildable Residential Lot with Pines

    Bollig Court lot: 2, Nekoosa, WI 54457

    $35,000
    2.45 AC lot

    A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Approximately 9.2-acre commercial land parcel near highway access in Hinckley, Minnesota.

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    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Aitkin Lots & Land
    Aitkin Lots & Land

    L 3&4 B3 London Town, Aitkin, MN 56431

    Contact for pricing
    0.14 AC lot

    Double lot in Sherwood Forest with shared amenities.

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    Elgin, MN Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Elgin, MN on our real estate platform. These investment opportunities span a total of 3,552 square feet of properties for sale, with an estimated market value of $349,900.

    Sale prices for multifamily properties in Elgin, MN average $349,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Quadplexes 1

    Demographics Overview

    Population 2,080
    Population Growth (5Y) -0.1%
    Median Household Income $102,727
    College Educated 38.3%

    Taxes & Financing

    Tax Rate (average for all types) 1.68%
    Property Tax per SF $36.34 per SF
    Tax Rate vs County Average 0.31 pp below county avg
    Average Loan-to-Value 65.0%

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