MLS# 6820873 - 209 S Minnesota Street New Ulm, MN 56073 - VAL(company name)

MLS# 6820873 - 209 S Minnesota Street New Ulm, MN 56073

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Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue. Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations. Priced to reflect the work needed, this property is an ideal value-add opportunity.

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Keller Williams Premier Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Jackie Karlson is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Jackie Karlson, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 11/22/2025 5:04:00 AM.

Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue. Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations. Priced to reflect the work needed, this property is an ideal value-add opportunity.

office_logo

Keller Williams Premier Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Jackie Karlson is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Jackie Karlson, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 11/22/2025 5:04:00 AM.

Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue. Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations. Priced to reflect the work needed, this property is an ideal value-add opportunity.

office_logo

Keller Williams Premier Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Jackie Karlson is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Jackie Karlson, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 11/22/2025 5:04:00 AM.

Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue. Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations. Priced to reflect the work needed, this property is an ideal value-add opportunity.

office_logo

Keller Williams Premier Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Jackie Karlson is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Jackie Karlson, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 11/22/2025 5:04:00 AM.