About This Home

This 5-bedroom, 3-bathroom residential multi family at 220 Maple Avenue SW in Elysian, MN is listed for $2,400,000 ($139 per sqft). Built in 2021, the home offers 17,280 sqft of living space on a 2.15 acres lot.

Key Features

  • Built in 2021
  • 2.15 acre lot

Property Details

3 full
2021
Listing Description

Rare opportunity to acquire a fully stabilized, newer-construction 16-unit portfolio delivering immediate cash flow and long-term upside. Built in 2021/2022, this package includes four 4-plexes (two two-story, one single-level, one bi-level) strategically positioned on 2.15 acres.

This is true turnkey investing-all 16 units are fully leased with a proven rental history, minimizing lease-up risk and operational uncertainty from day one. Units are designed for durability and tenant retention, featuring modern, low-maintenance finishes including LVP flooring, stainless appliances, spacious kitchens with islands, in-unit laundry, and separate HVAC systems.

Private patios/decks, strong natural light, and ample off-street parking enhance tenant appeal and support consistent occupancy. Investment Highlights: 17,208 finished sq ft, 16 units, 36 bedrooms, 20 bathrooms, Gross annual income: $243,000, Operating expenses: $61,692 Strong in-place cash flow with efficient expense ratio.

Newer construction = reduced capital expenditure risk. With limited comparable inventory of newer multi-family assets, this portfolio offers a compelling blend of stability, efficiency, and scalability. Ideal for investors seeking immediate yield with long-term hold potential. Offered as a package. Full financials and rent roll available upon request.

Monthly Cost Estimate

$12,836/mo

20% down · 6.5% · 30 years

Principal$1,736
Interest$10,400
Insurance$700

Estimates only. Actual payments may vary.

Location

220 Maple Avenue SW

Elysian, MN 56028

Hidden Meadows

Property Details

Construction

Frame

Outdoor Features

PatioDeck

Parking

Parking Lot

Heating

Forced Air

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 220 Maple Avenue SW is listed at $2,400,000 ($139/sqft). The estimated monthly payment is $12,836 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2021, 2.15 acre lot.

This property is listed by Eric Malmberg and can be reached at (952) 226-7700.

EM

Eric Malmberg

Agent at RE/MAX Advantage Plus

(952) 226-7700
Agent website

Listed by RE/MAX Advantage Plus · Broker phone: (952) 226-7700 · View on Broker Site · Broker website

MLS# 7046788· Source: Northstar MLS· 4 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

220 Maple Avenue SW, Elysian, MN 56028

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