Homes for sale - 3200 Maple AVE ##2, Slayton, MN 56172

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2026

Jan

Michael Smith

michael@michaelsmithgroup.com +1(651) 402-0835

$650,000

Est. payment - /mo

0.88 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6825937

Year Built 1979

Annual Tax Amount $1,768

Tax Year 2025

Contingent None

Lot Size 0.878 Acres

Acres 0.878

Lot Dimensions 174x347x60x165x132x165

Property Description

Well-maintained 32-unit one-bedroom senior apartment building featuring common areas, individually metered electric, and an updated boiler system. Property is in solid overall condition with a consistent unit layout and on-site parking. HUD contract in place through 10/31/2026, perfect for future HUD-to-market conversion opportunity upon contract expiration. Offered as a value-add investment opportunity with current financial performance below market, allowing upside through operational improvements, rent optimization, and expense management. Suitable for senior housing operations, affordable housing strategies, or market-rate repositioning with stable long-term demand. Ideal for value-add investors, , affordable housing operators, and HUD/senior housing specialists.

Location

State MN

County Murray

Zoning Residential-Multi-Family

Interior

Heating Boiler

Cooling Wall Unit(s)

Inclusions Building, Land

Fireplace No

Exterior

Parking Features Parking Lot

Fence None

Pool None

Utilities Available Electric Separate, Heating Common, Hot Water Common

Present Use Residential

Building

Lot Description Irregular Lot

Story Three Or More

Foundation 9171

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

New Construction false

Schools

School District Murray County Central

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Listed by Dylan Maitland • RE/MAX Results

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Michael Smith

+1(651) 402-0835

Broker Associate | License ID: 40184871

Broker Associate License ID: 40184871

3200 Maple AVE ##2 Slayton, MN 56172

Michael Smith

Key Details

Location

Interior

Exterior

Building

Schools

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