New Ulm, MN Multifamily properties for sale

Updated: Nov 12

Updated Triplex

400 N Jefferson Street, New Ulm, MN 56073

$200,000

1,650 sqft 0.09 AC lot

Three occupied 1‑bedroom, 1‑bathroom apartments
1,650‑square‑foot building on a 0.0947‑acre parcel
Unit 1 remodel completed in 2019; includes in‑unit laundry
Unit 2 received new carpet and kitchen updates in 2022
Full basement used for building maintenance storage

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Updated: Nov 12

Triplex with Updated Units

400 N Jefferson Street, New Ulm, MN 56073

$200,000

0.09 AC lot

Three one‑bedroom, one‑bathroom apartments; all units are occupied
Full basement used for building maintenance storage
Unit 1 remodel in 2019 included electrical, plumbing, insulation, windows, cabinetry, flooring, blinds, and in‑unit laundry
Unit 2 refreshed in 2022 with new carpet throughout and kitchen improvements
Concrete driveway installed in 2024; sidewalk, front steps, and porch completed in 2026

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2 active listings match your search: Multifamily for sale in New Ulm, MN. Based on your search, we've also compiled 6 Potential Opportunities for your consideration: 4 properties in nearby cities and 2 off-market properties to explore as potential leads.

Opportunities in Nearby Cities

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

Renovated Side-by-Side Duplex

2230-2228 W Dream Drive, North Mankato, MN 56003

$675,000

4,040 sqft 1.00 AC lot

Both residences span three levels and include walkout lower levels, attached garages, and maintenance-free decks.

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Seven-Bedroom Duplex

802 Le Hillier Street, Mankato, MN 56001

$249,900

2,550 sqft 0.22 AC lot

Separate entrances serve two units, each with its own bedroom and bath configuration.

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Campground With On-Site Residence

41392 520th St, North Mankato, MN 56003

$1,800,000

Outdoor hospitality property with RV and tent sites, cabins, guest amenities, and an owner residence.

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Duplex with Private Entrances

802 LeHiller Street, Mankato, MN 56001

$249,900

0.22 AC lot

The larger residence includes dedicated laundry space, and both homes have their own entrances.

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Off-Market Properties in New Ulm, MN

Consider similar Off-Market properties in New Ulm, 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.

HIGH-RISE APARTMENTS

300 Broadway St, New Ulm, MN 56073-1755

Estimated value:

$310,000

6,127 sqft

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MOBILE HOME PARK, TRAILER PARK

New Ulm, MN 56073

Estimated value:

$240,000

7.02 AC lot

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New Ulm, MN Multifamily Properties Market Trends and Statistics

Explore 4 multifamily properties for sale in New Ulm, MN on our real estate platform. These investment opportunities span a total of 1,650 square feet of properties for sale, with an estimated market value of $400,000.

Sale prices for multifamily properties in New Ulm, MN average $200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

New Ulm, MN Multifamily Properties for Sale

400 N Jefferson Street, New Ulm, MN 56073

400 N Jefferson Street, New Ulm, MN 56073