409 Elm Ave

—
Baths
4,536 Sq. Ft.
$106 / Sq. Ft.
4,536
Sq. Ft.
$106
per Sq. Ft.

Description

Solid investment opportunity with this 6-unit apartment building in Waverly. The property is fully rented, producing $6,700 in monthly rent, and offers a strong, stable rental history. Units are well maintained, and recent updates include a roof with warranty and tuckpointed brick exterior. Additional features include a shared coin-operated laundry room for tenant convenience and supplemental income. Photos of all units are included in the listing, and complete financials are provided in the supplements...Solid investment opportunity with this 6-unit apartment building in Waverly. The property is fully rented, producing $6,700 in monthly rent, and offers a strong, stable rental history. Units are well maintained, and recent updates include a roof with warranty and tuckpointed brick exterior. Additional features include a shared coin-operated laundry room for tenant convenience and supplemental income. Photos of all units are included in the listing, and complete financials are provided in the supplements for buyer review. The seller also owns the neighboring duplex and a mixed-use building with one apartment and a commercial space, for a total of 10 units all next door to each other. Preference is to sell as a package, though individual sales will be considered.
  1. Listed by Lifecycle Real Estate Services

Property Details for 409 Elm Avenue

Subdivision Name
Original Waverly
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 11/30/2025 08:42 AM

Property Details for 409 Elm Avenue

StatusPending
MLS #6789416
Days on Compass16
Taxes$3,906 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1928
Lot Size0.11 AC / 4,791 SF
CountyWright County

Location

Listing Courtesy of Lifecycle Real Estate Services
Add your commute

Building Information for 409 Elm Avenue

Stories-Residences6Year Built1928Lot Size0.11 AC / 4,791 SF

Payment Calculator

$2,665 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,339

Property Taxes

$326

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 409 Elm Avenue

Summary
Location and General Information
  • City Name: Waverly
  • County Or Parish: Wright
  • County: Wright-MN
  • Directions: Take Elm Ave and Building will be on the South. You can also Take Atlantic Ave and park in the back parking lot.
  • Latitude: 45.066837
  • Longitude: -93.967971
  • Map Coordinate: 86-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Waverly
  • City and Location Text: Waverly(MN)
  • Postal Code: 55390
  • State Or Province: MN
  • Public Survey Township: 119
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 116010019081
  • Tax Annual Amount: $3,906.00
  • Tax Legal Description: SECT-33 TWP-119 RANGE-026 ORIGINAL PLAT WAVERLY LOT-008 BLOCK-019 TH PRT OF LTS8,9&10DES COM NW COR OF LT10TH S ALG W LN69FT TH E DIAGNLY TO PT61FT S OF NE COR OF LT8 TH N TO NE COR TH/OF TH W 75FT TO BEG
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 3906.0000
School Information
  • High School District: 2687 - Howard Lake-Waverly-Winsted
  • School District Number: 2687
  • School District Phone: 320-543-3521
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.11
  • Lot Size Dimensions: 3833
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 4536.0
Property and Assessments
  • Age Of Property: 97
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 4536.0
  • Fuel: Natural Gas
Interior Features
  • Heating: Baseboard, Forced Air
  • Basement YN: Yes

Property History for 409 Elm Avenue

DateEvent & SourcePriceAppreciation
Oct 11, 2025

Pending

NorthStar #6789416

—
Oct 7, 2025

In Contract

NorthStar #6789416

—
Sep 25, 2025

Price Change

NorthStar #6789416

$480,000—
Sep 25, 2025

Listed (Active)

NorthStar #6789416

—
Oct 8, 2021

Sold

NorthStar #6101038

$187,500—
Oct 8, 2021

Sold (Public Record)

Public Record #1475006369

$275,000—
Oct 6, 2021

Pending

NorthStar #6101038

—
Sep 16, 2021

Listed (Active)

NorthStar #6101038

$225,000—
Mar 28, 2017

Sold (Public Record)

Public Record #1262342981

$275,000—
DateEvent & SourcePrice
10/11/2025

Pending

NorthStar #6789416

—
10/07/2025

In Contract

NorthStar #6789416

—
09/25/2025

Price Change

NorthStar #6789416

$480,000
09/25/2025

Listed (Active)

NorthStar #6789416

—
10/08/2021

Sold

NorthStar #6101038

$187,500
10/08/2021

Sold (Public Record)

Public Record #1475006369

$275,000
10/06/2021

Pending

NorthStar #6101038

—
09/16/2021

Listed (Active)

NorthStar #6101038

$225,000
03/28/2017

Sold (Public Record)

Public Record #1262342981

$275,000

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

Public Records for 409 Elm Avenue

Taxable ValueLand$25,000Additions$84,100Total$109,100
Tax Record2025$1,674 ($140 / month)
Home Facts
Beds3Total Finished SqFt1,386 SqFtAbove Grade Finished SqFt1,386 SqFtStories2StyleSingle Family ResidenceYear Built1900Year Renovated1955CountyWRIGHTAPN116-010-019070

Schools near 409 Elm Avenue

This home is within Howard Lake-Waverly-Winsted School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Winsted Elementary School
PublicPK to 4

Humphrey Elementary School
PublicPK to 4

Howard Lake Middle School
Public5 to 8

Howard Lake-Waverly-Winsted Sec.
Public9 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.

Similar Homes

Similar Sold Homes

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 Lifecycle Real Estate Services

Based on information submitted to the MLS GRID as of 11/30/2025 08:42 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.