Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3 Beds
3 Baths
1,650 sqft

$200,000

400 N Jefferson Street, New Ulm MN, 56073

Price per sqft$121.21
Built in1900
Property size1,650 sqft
Property typeMulti-family
Courtesy of Keller Williams Preferred Rlty, Jaxson Witty Listing Contact:

Overview

Active

Listed Nov 12, 2026

Updated 6h ago

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!

$1,331/mo

Est. mortgage payment based on a $200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7172043

Interior Features

Bedrooms
3
Bathrooms
3
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$1,114
Tax Frequency
Annually
Maintenance Expense
$672
Municipality
New Ulm
MLS provider logo

Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lauren A. Janoski shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 5:33 PM UTC on 11/12/2026. 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.

©2026 Northstar MLS . All rights reserved.

DMCA Notice

Powered by Luxury Presence