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    Elysian, MN Multifamily Properties for Sale

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    Waterville, MN Janesville, MN Madison Lake, MN
    Mixed-Use Building With Private Office
    $409,900
    0.21 Acres
    Mixed-Use Building With Private Office

    196 Main Street W, Elysian, MN 56028

    Downtown mixed-use property with an updated office suite and two rental apartments, plus outbuildings for added storage or work space.
    • Versatile investment property with multiple income‑producing options
    • Includes a FULLY RENOVATED office space (Unit C) with private entrance, half bath, and laundry hookups
    • Two spacious outbuildings: a 20x48 metal building with power and heat, and an 18x35 barn with cold storage
    • Upper level apartment (Unit A) features 2 bedrooms, 1 bath, in‑unit laundry, and private parking
    • Main level apartment (Unit B) features 2 bedrooms, 1.5 baths, generous ceiling height, spacious living area, and superior style kitchen
    Updated: May 13
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    Flex Space with Vacation Rental CUP
    $299,900
    Flex Space with Vacation Rental CUP

    406 W State Hwy 60, Elysian, MN 56028

    Versatile commercial property with a conditional use permit for vacation rental use and strong highway visibility.
    • Positioned along Highway 60 in Elysian, offering easy access to a busy traffic corridor
    • Conditional Use Permit (CUP) for a vacation rental
    • Commercial building roof is metal
    • Heated with wall furnace and space heater
    • Built in 2005
    Updated: Jun 12
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Elysian, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, 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.

    Licensed Duplex with Flexible Layout
    $299,900
    2,098 SF
    Licensed Duplex with Flexible Layout

    Licensed 6-bedroom duplex with hardwood floors, arched windows, and configuration flexibility for multiple living arrangements.

    St Peter, MN 56082

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    St. Peter Victorian 4-Plex
    $389,000
    3,008 SF
    St. Peter Victorian 4-Plex

    Historic 4-plex near downtown St. Peter and Gustavus College.

    St Peter, MN 56082

    View details
    Renovated Mankato Townhome Quadplex
    $1,195,000
    0.44 Acres
    Renovated Mankato Townhome Quadplex

    Fully renovated, occupied 4-unit townhome with modern appeal and income stability.

    412 Holly Lane, Mankato, MN 56001

    View details
    Mankato Multifamily Property For Sale
    $1,195,000
    0.44 Acres
    Mankato Multifamily Property For Sale

    Multifamily property in Mankato, MN, available for purchase.

    412 Holly Lane, Mankato, MN 56001

    View details

    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.

    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres
    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131

    View details
    Commercial Land Near Freeway
    $799,000
    9.20 Acres
    Commercial Land Near Freeway

    9 acre commercial property near freeway in Hinckley, Minnesota.

    101 Morris Avenue, Hinckley, MN 55037

    View details
    Land for Multi-Family Housing
    $249,900
    2.16 Acres
    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308

    View details
    Alexandria Lakeshore Property with Rental Opportunity
    $798,500
    15.62 Acres
    Alexandria Lakeshore Property with Rental Opportunity

    Lakeshore property with rental cabins and RV sites near Alexandria.

    5950 County Road 8 NW, Alexandria, MN 56308

    View details

    Off-Market Properties in Elysian, MN

    Consider similar Off-Market properties in Elysian, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Elysian, MN 56028
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.32 Acres
    Value Estimation by Request

    Elysian, MN 56028

    View details
    Elysian, MN 56028
    MOBILE HOME PARK, TRAILER PARK
    Lot: 1.50 Acres
    Value Estimation by Request

    Elysian, MN 56028

    View details

    Elysian, MN Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Elysian, MN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $709,800.

    Sale prices for multifamily properties in Elysian, MN start at $299,900, averaging $354,900, and reaching up to $409,900 — 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

    Duplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 1,057
    Population Growth (5Y) -16.6%
    Median Household Income $103,542
    College Educated 45.4%

    High-Yield Neighborhoods for Investment

    Identify Elysian submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56028 $409.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.79%
    Property Tax per SF $34.29 per SF
    Tax Rate vs County Average 0.67 pp below county avg
    Average Loan-to-Value 65.0%

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