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MLS: #7046788, Listed By: Rebecca Thate, RE/MAX Advantage Plus, Source:FargoMoorhead Area Association of REALTORS

220 Maple Avenue

Elysian, MN 56028

$2,400,000 $10,118/Mo

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Overview

Bed

Bath

17,280

Sqft

2.15

Acres(Lot)

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. Investme nt 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.

Property Details

Property Type : Residential Income

Price : $2,400,000

AD Id : 76663690

MLS Id : 7046788

Beds : 5

Lot Size : 2.15 Acres

Living Area Size : 17,280

Year Built : 2021

County : Le Sueur

Subdivision: Ventnor Heights

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 3

Room Information

Basement: None
Heating & Cooling

Has Heating: Yes Heating: Forced Air

Building Information

Year Built: 2021 Building Area Total: 17280 Construction Materials: Frame Stories: 2 Patio And Porch Features: Deck, Patio Private Pool: No

Lot Information

Lot Dimensions: 2.15 Main Square Feet: 2.15 Acres Lot Size Acres: 2.15 Lot Size Square Feet: 93654 Lot Description: Corner Lot

Property Information

Subdivision: Hidden Meadows Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 5

Listing Price Information

Listing Price: $2400000 Cash, Conventional

Tax Information

Parcel Number: 164260030 Annual Tax: $32158

Parking Information

Parking Lot

Utility Information

Underground Utilities
Location Information

Direction: MN Hwy 60 to NW 3rd to Southwest Maple Ave SW. WaterSource: Public

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/06/2026 @ 19:18

MLS: 7046788 LISTED BY: Rebecca Thate, RE/MAX Advantage Plus 507-514-6105 SOURCE: FargoMoorhead Area Association of REALTORS