309 5th Avenue NWNew Prague, MN 56071
$649,900
8 bedrooms · 4 bathrooms · 3,876 finished sq ft · 0.39 acre lot
About this home
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!
Home facts
- Home type
- Townhome
- Style
- Quadruplex
- Year built
- 1976
- Bedrooms
- 8
- Bathrooms
- 4
- Finished sq ft
- 3,876
- Lot
- 0.39 acres
- Basement
- None
- Heating
- Electric, Baseboard
- Property taxes
- $5,580 a year
- Listed
- June 4, 2026
- MLS number
- 7087349
Listing courtesy of South Metro Realty (Shane M. Weidall). MLS #7087349.
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How it compares
309 5th Avenue NW, New Prague, MN 56071 is a 8-bedroom townhome built in 1976, listed for $649,900 on June 4, 2026 by South Metro Realty. That works out to $168 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- New Prague community guideSchools, commutes, parks, home values and local stories.
- New Prague housing market, September 2026Homes sold for a median $390,000 over 12 months (−1.3%), 66 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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