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460 Broadway St E

$385,000

460 Broadway St E, New Germany, MN 55367

Active
Last Updated: 08/14/2025

5,022 sqft

Building Size

0.38 acres

Lot Area

Details:
Building Size:    5,022 sqft
Lot Area:    0.38 acres
Units:    4
Year Built:    1911
Zoning:    Residential-Multi-Family
Roof:    Asphalt Shingles, Metal
GrossIncome:    $54,840
Highlights:
  • Days on Market: 3
  • Parking Features: Uncovered/Open
  • Lot Size Dimension: 112 X 150
Description:

Charming, cash flowing 4 Plex in the heart of New Germany only becoming available due to relocation. Property is ideally located next to the Dakota Rail Trail and just blocks from parks, baseball fields and The Fancy Farmer coffee shop. Three of the four units have been updated with LVP or refinished hardwood floors, new laminate countertops, and stylish touches like backsplashes and open shelving. Outdoor common areas feature a partially fenced yard, play structure, rope swing, picnic space, and sidewalks. Additional perks include a dedicated onsite caretaker, shared coin-op laundry, a large workshop with high ceilings and workbenches, individual storage units for each apartment, and a partially finished sauna. Water/sewer is submetered via TrueSubmeter, and tenants pay most utilities. A new dryer was installed in May 2025. Perfect for investors or live-in owners seeking a low-maintenance, income-producing property in a tight-knit community.

Irregular Lot

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