209 S Minnesota St

New Ulm, MN 56073

$460,000
Price
—
Beds
—
Baths
11,000 Sq. Ft.
$42 / Sq. Ft.
11,000
Sq. Ft.
$42
per Sq. Ft.

Description

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...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.
  1. Listed by Keller Williams Premier Realty

Property Details for 209 South Minnesota Street

Subdivision Name
South Of Center
Zoning Jurisdiction
Business/Commercial
LISTING UPDATED: 11/25/2025 10:13 AM

Property Details for 209 South Minnesota Street

StatusActive
MLS #6820873
Days on Compass62
Taxes$6,054 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1947
Lot Size0.19 AC / 8,276 SF
CountyBrown County

Location

Listing Courtesy of Keller Williams Premier Realty
Add your commute

Building Information for 209 South Minnesota Street

Stories-Residences12Year Built1947Lot Size0.19 AC / 8,276 SF

Payment Calculator

$2,746 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,242

Property Taxes

$505

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 209 South Minnesota Street

Summary
Location and General Information
  • City Name: New Ulm
  • County Or Parish: Brown
  • County: Brown-MN
  • Directions: Take Broadway St/Hiawatha Pioneer Trail, Turn North on 2nd St, Turn Right on S Minnesota St, Destination will be on the left
  • Latitude: 44.311101
  • Longitude: -94.456309
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: New Ulm
  • City and Location Text: New Ulm(MN)
  • Postal Code: 56073
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 00100206312120
  • Tax Annual Amount: $6,054.00
  • Tax Legal Description: SOUTH OF CENTER LOT-012 BLOCK-063
  • Tax Other Annual Assessment Amount: $480.00
  • Tax Year: 2025
  • Tax With Assessments: 6534.0000
School Information
  • High School District: 88 - New Ulm
  • School District Number: 88
  • School District Phone: 507-359-8401
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.19
  • Lot Size Dimensions: 50x165
  • Lot Size Units: Square Feet
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 11000.0
Property and Assessments
  • Age Of Property: 78
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Common, Hot Water Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Hallways 42"+
  • Foundation Area: 4750.0
  • Fuel: Electric
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years, Flat
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Type: Partial, Unfinished
  • Cooling: Wall Unit(s), Window Unit(s)
  • Garage Square Feet: 0
  • Heating: Baseboard, Hot Water, Other, Radiator(s), Steam
  • Levels: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath Full: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 0
Unit 2
  • Unit Bath Full: 1
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
Unit 3
  • Unit Bath Full: 1
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
Unit 4
  • Unit Bath Full: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 0
Unit 5
  • Unit Bath Full: 1
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
Unit 6
  • Unit Bath Full: 1
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
Unit 7
  • Unit Bath Full: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 0
Unit 8
  • Unit Bath Full: 1
  • Unit Type Actual Rent: $625.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: MAIN
Unit 9
  • Unit Bath Full: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 0
  • Unit Level: MAIN
Unit 10
  • Unit Bath Full: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 0
  • Unit Level: MAIN
Unit 11
  • Unit Bath Full: 1
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
Unit 12
  • Unit Bath Full: 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 0
  • Unit Level: MAIN

Property History for 209 South Minnesota Street

DateEvent & SourcePriceAppreciation
Nov 21, 2025

Price Change

NorthStar #6820873

$460,000—
Nov 21, 2025

Listed (Active)

NorthStar #6820873

—
Jul 10, 2013

Sold

Lake Superior Area REALTORS #1992426

$277,500—
Jun 5, 2013

Pending

Lake Superior Area REALTORS #1992426

—
Jan 10, 2013

Listed (Active)

Lake Superior Area REALTORS #1992426

$332,000—
Dec 3, 2005

Off Market

NorthStar #2365106

—
Jan 3, 2005

Listed (Active)

NorthStar #2365106

$359,900—
DateEvent & SourcePrice
11/21/2025

Price Change

NorthStar #6820873

$460,000
11/21/2025

Listed (Active)

NorthStar #6820873

—
07/10/2013

Sold

Lake Superior Area REALTORS #1992426

$277,500
06/05/2013

Pending

Lake Superior Area REALTORS #1992426

—
01/10/2013

Listed (Active)

Lake Superior Area REALTORS #1992426

$332,000
12/03/2005

Off Market

NorthStar #2365106

—
01/03/2005

Listed (Active)

NorthStar #2365106

$359,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 209 South Minnesota Street

Taxable ValueLand$37,300Additions$314,200Total$351,500
Tax Record2025$6,534 ($544 / month)
Home Facts
Total Finished SqFt11,000 SqFtAbove Grade Finished SqFt11,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1947Year Renovated1974ZoningMF1CountyBROWNAPN001.002.063.12.120

Schools near 209 South Minnesota Street

This home is within New Ulm Public School District.
Rating
School
Type
Grades
Distance
Jefferson Elementary School
Public - 1 to 4
New Ulm Middle School
Public - 5 to 8
New Ulm High School
Public - 9 to 12
New Ulm CTE Center
Public - 11 to 12
Rating
School
Distance
Jefferson Elementary School
Public1 to 4

New Ulm Middle School
Public5 to 8

New Ulm High School
Public9 to 12

New Ulm CTE Center
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 209 South Minnesota Street, New Ulm, MN 56073

209 South Minnesota Street is for sale in New Ulm, MN 56073. This property was listed for sale on November 21, 2025 by Keller Williams Premier Realty, it's currently listed at $460,000. It has been on the market for a total of 62 days and was last sold on July 10, 2013. This listing's school district is New Ulm Public School District. Nearby schools include Jefferson Elementary School, New Ulm Middle School and New Ulm High School. 209 South Minnesota Street is a 0-bed, 0-bath, 11,000 sqft built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Premier Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/22/2026 02:52 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.