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For Sale:  New Ulm MLS# 7172043

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Active NEW!
$200,000
/mo Edit
Multi-family:  Triplex
3 br • 3 ba • Built 1900
1,650 sqft • 0.095 acres
New Ulm schools
MLS# 7172043
763-576-8286
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    Property Description

    This fully occupied triplex presents an exceptional opportunity for both seasoned investors and buyers looking to add a high performing asset to their portfolio. The property features three spacious 1 bedroom, 1 bathroom units occupied by reliable, long term tenants who treat the home with care. Significant capital expenditures have already been taken care of, starting with major exterior and structural updates including a new concrete driveway installed in 2024, along with a freshly poured sidewalk, front steps, and a welcoming porch completed in 2026. Owners also benefit from a full basement offering extensive storage space currently used for building maintenance supplies. Each unit offers its own distinct appeal and updates. Unit 1 underwent a top to bottom remodel in 2019, featuring all new electrical, plumbing, insulation, windows, custom window blinds, cabinetry, flooring, and convenient in unit laundry. Unit 2 received a light remodel in 2022 that included brand new carpet throughout and a kitchen uplift. Unit 3 rounds out the building as a cozy, well maintained upstairs 1 bedroom apartment that provides a comfortable layout and steady return. With stable rental income in place from day one and major improvements already complete, this property delivers incredible ease of ownership. Contact us today to schedule your private showing!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $200,000
    Price per sq ft: $121
    Property Type: Multi-family
    City: New Ulm
    Garage Spaces: 0
    County: Brown
    Year Built: 1900
    State: MN
    Property Style: Triplex
    Zip Code: 56073
    Subdivision Name: North Of Center

    Interior

    Bedrooms: 3
    Bathrooms: 3
    Finished Area: 1,650 ft2
    Living Area: 1,650 ft2
    Basement Details: Owner Access

    Exterior

    Stories: One and One Half
    Garage Spaces: 0
    Foundation Size: 1,100 ft2
    Handicap Accessible: None
    Heating System: Forced Air

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.095
    Geolocation: 44.314125, -94.469505
    Lot Dimensions: 82 x 50

    Schools

    School District: 88
    District Phone: 5073598401

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $797
    Annual Maintenance Expense: $672
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $4,200

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $1,114
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,114

    Income

    Annual Gross Income: $25,020

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Keller Williams Preferred Rlty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.