REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 200,000
Est. payment /mo
New
400 N Jefferson ST New Ulm, MN 56073
3 Beds
3 Baths
1,650 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,650 sqft
Price per Sqft $121
Subdivision North Of Center
MLS Listing ID 7172043
Bedrooms 3
Year Built 1900
Annual Tax Amount $1,114
Tax Year 2026
Contingent None
Lot Size 4125.000 Acres
Lot Dimensions 82x50
Property Sub-Type Triplex
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!
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!
Location
State MN
County Brown
Rooms
Basement Owner Access
Interior
Heating Forced Air
Fireplace No
Building
Story One and One Half
Foundation 1100
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One and One Half
New Construction false
Schools
School District New Ulm
Listed by Jaxson Witty • Keller Williams Preferred Rlty