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    Madison, MN
    Multifamily

    Madison, MN Multifamily Properties for Sale

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    Dawson, MN Marietta, MN Montevideo, MN Appleton, MN Milan, MN Gary, SD Ortonville, MN Clarkfield, MN
    Over-Under Duplex with Rear Entrance
    Updated: Jun 1
    Over-Under Duplex with Rear Entrance

    617 W 3rd Street, Madison, MN 56256

    $79,500
    713 sqft 0.05 AC lot
    Over‑under duplex with separate entrances
    Upper unit has rear entrance, large kitchen, living/dining, laundry, and two bedrooms
    Main floor features one bedroom, newly remodeled bathroom, large kitchen, living/dining, and laundry room
    Vinyl exterior and shingle roof; shingles and siding are about two years old
    Forced‑air heating with gas for heating on a separate meter; water/sewer/electricity/garbage on one bill
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    Two-Building Apartment Community
    Updated: Dec 24, 2025
    Two-Building Apartment Community

    207 and 213 9th Avenue, Madison, MN 56256

    $980,000
    23,968 sqft
    Two‑building multifamily property built in 1976 with 24 total apartments
    Unit mix: 3 one‑bedroom and 21 two‑bedroom apartments
    Interiors updated in 2019 with new toilets, flooring, carpets, and sliding glass doors
    Main level includes an outside patio; upper level features decks
    Coin‑operated laundry with a laundry room and coin‑op machines on site
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    Over-Under Duplex
    Over-Under Duplex

    617 W 3rd St, Madison, MN 56256

    $79,500
    713 sqft

    Two-level duplex with separate entrances, individual laundry rooms, and a two-bedroom upper apartment.

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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 12 Potential Opportunities for your consideration. Besides 3 Active listings in Madison, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Duplex with Detached 2-Car Garage
    Duplex with Detached 2-Car Garage

    820 N 6th Street, Montevideo, MN 56265

    $165,000
    2,448 sqft 0.14 AC lot

    Well maintained duplex in Montevideo with a private rear entry, shared laundry, and an unfinished basement.

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    Twin Home on Corner Lot
    Twin Home on Corner Lot

    1625 Northridge Dr, Watertown, SD 57201

    $356,000
    1,580 sqft 0.08 AC lot

    Clean twin home with eat-in kitchen, deck, attached two-car garage, and forced-air natural gas heat.

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    Montevideo Multifamily Investment Opportunity
    Montevideo Multifamily Investment Opportunity

    215 S 5th St, Montevideo, MN 56265

    Contact for pricing
    8,619 sqft

    Nine-unit multifamily property in Montevideo's stable rental market.

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    2015 Duplex Mobile Home
    2015 Duplex Mobile Home

    415-417 KAMPESKA BOULEVARD, Watertown, SD 57201

    $179,900

    2015 duplex mobile home with rental income potential.

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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.

    Alexandria Lakeshore Property with Rental Opportunity
    Alexandria Lakeshore Property with Rental Opportunity

    5950 County Road 8 NW, Alexandria, MN 56308

    $798,500
    15.62 AC lot

    Lakeshore property with rental cabins and RV sites near Alexandria.

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    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

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    Waterfront Land with Boat Lift
    Waterfront Land with Boat Lift

    21425 Sunset Trail, Lake Preston, SD 57249

    $193,800
    0.46 AC lot

    Lake Thompson lake lot with on-site utilities and a Hewitt boat lift for convenient seasonal boating and fishing.

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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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    Off-Market Properties in Madison, MN

    Consider similar Off-Market properties in Madison, 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.

    915 1st Ave
    BOARDING/ROOMING HOUSE

    915 1st Ave, Madison, MN 56256-1049

    $555,000
    Estimated value
    View details

    Madison, MN Multifamily Properties Market Trends and Statistics

    Explore 4 multifamily properties for sale in Madison, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 25,394 square feet of properties for sale, with an estimated market value of $1,139,000.

    Sale prices for multifamily properties in Madison, MN start at $79,500, averaging $379,666, and reaching up to $980,000 — 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 2
    Apartment buildings 1

    Demographics Overview

    Population 2,352
    Population Growth (5Y) -1.4%
    Median Household Income $62,250
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    56256 $529.8K

    Taxes & Financing

    Tax Rate (average for all types) 3.10%
    Tax Rate vs County Average 0.20 pp below county avg
    Average Loan-to-Value 65.0%

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