400 N Jefferson Street, New Ulm, MN 56073

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!