Find Your Dream Home: Search 10,000+ Homes for Sale

309 5th Avenue NW, New Prague, MN 56071

New Listing

$649,900

Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 3,876 Lot Size (sq. ft.): 16,988 Status: Active

Current Price: $649,900 List Date: 6/04/2026 Last Modified: 6/04/2026

Overview

Description

Excellent investment opportunity in New Prague! This well-maintained 4-plex features four 2-bedroom, 1-bath units with strong rental history and recently renewed one-year leases, providing immediate and stable cash flow for the new owner. Each unit offers its own laundry room, deck or patio, and separately metered utilities. Major updates include newer roof, siding, and windows, helping minimize future maintenance expenses. The property also features a large parking lot and attractive outdoor living spaces for tenants. Whether you're a seasoned investor or looking to add your first multifamily property to your portfolio, this turnkey investment offers reliable income and long-term potential in the growing New Prague market. Schedule your showing today!

Listing Details MLS# 7087349

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1976
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1938
Above Ground SqFt: 3876
Total SqFt: 3876
Foundation Size: 1938
Style: (MF) Four Plex
Total Finished Sqft: 3876.00
Lot Dimensions: 113x150
Acres: 0.39
Assessment Pending: No
Below Grd Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Deck; Patio Basement: None Construction Status: Previously Owned Exterior: Vinyl Foundation: Concrete Block Fuel: Electric Heating: Baseboard Laundry: In Unit; Laundry Room Lock Box Type: Combo Lot Description: Corner Lot; Tree Coverage - Light Owner Pays: Insurance; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Water Parking Characteristics: Parking Lot; Gravel Lot Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Tenant Pays: Cable TV; Electricity Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer; Water Softener-Owned Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Kitchen/Dining Room Unit 1 Special Search: Main Floor Laundry Unit 2 Appliances: Dryer; Range; Refrigerator; Washer; Water Softener-Owned Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Window Unit 2 Special Search: Main Floor Laundry Unit 3 Appliances: Dryer; Microwave; Range; Refrigerator; Water Softener-Owned Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: Window Unit 3 Dining Room Description: Kitchen/Dining Room Unit 3 Special Search: Main Floor Laundry Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 649900
ListPrice: 649900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 309
Street Name: 5th
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: New Prague
County: Scott
State: MN
Zip Code: 56071
Complex/Dev/Subdivision: Bohnsacks Add

Assessments

Tax With Assessments: 5580
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3876

More Information

Income and Expenses

Annual Gross Expenses: 4616
Annual Gross Income: 53400
Annual Insurance Expense: 4116
Annual Trash Expense: 250
Annual Water/Sewer Expense: 250
Total Annual Expenses: 4616
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 13800
Finished SqFt: 950
Full Baths: Yes
Monthly Rent: 1150
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 13200
Finished SqFt: 950
Full Baths: Yes
Monthly Rent: 1100
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 13200
Finished SqFt: 850
Full Baths: Yes
Monthly Rent: 1100
No. of Units Like This: 2
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 4

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: SUBDIVISIONNAME BOHNSACK'S ADDN LOT 8&9 BLOCK 003 SUBDIVISIONCD 24005 & N 13' OF LOT 10
Listing City: New Prague
Map Page: 201
Municipality: New Prague
School District: New Prague Area Schools
School District Phone: 952-758-1700
Zip Plus 4: 4085
Property ID Number: 240050210
Tax Year: 2026
Tax Amount: 5580
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Excellent investment opportunity in New Prague! This well-maintained 4-plex features four 2-bedroom, 1-bath units with strong rental history and recently renewed one-year leases, providing immediate and stable cash flow for the new owner. Each unit offers its own laundry room, deck or patio, and separately metered utilities. Major updates include newer roof, siding, and windows, helping minimize future maintenance expenses. The property also features a large parking lot and attractive outdoor living spaces for tenants. Whether you're a seasoned investor or looking to add your first multifamily property to your portfolio, this turnkey investment offers reliable income and long-term potential in the growing New Prague market. Schedule your showing today!
Directions: Hwy 19 W to 5th Ave Nw N to Property

Accessible

None: Yes

Amenities Shared

Deck: Yes
Patio: Yes

Basement

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Laundry

In Unit: Yes
Laundry Room: Yes

Lock Box Type

Combo: Yes

Lot Description

Corner Lot: Yes
Tree Coverage - Light: Yes

Owner Pays

Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Gravel Lot: Yes

Patio, Porch and Deck Features

Side Porch: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Unit 1 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes
Water Softener-Owned: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Kitchen/Dining Room: Yes

Unit 1 Special Search

Main Floor Laundry: Yes

Unit 2 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes
Water Softener-Owned: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Special Search

Main Floor Laundry: Yes

Unit 3 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Water Softener-Owned: Yes

Unit 3 Bath Description

Main Floor Full Bath: Yes

Unit 3 Cooling

Window: Yes

Unit 3 Dining Room Description

Kitchen/Dining Room: Yes

Unit 3 Special Search

Main Floor Laundry: Yes

Listing Office: South Metro Realty

Last Updated: June - 04 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.