409 Elm Ave, Waverly, MN 55390

Sold: 490000
Sold on: Dec 17th, 2025
Sold: 490000
Sold on: Dec 17th, 2025
MLS#6789416
STATUSClosed PROPERTY TYPECommercial - Business SUBDIVISIONOriginal Waverly SCHOOLHoward Lake-Waverly-Winsted


Property Description

Solid investment opportunity with this 6-unit apartment building in Waverly. The property is fully rented, producing $6,700 in monthly rent, and offers a strong, stable rental history. Units are well maintained, and recent updates include a roof with warranty and tuckpointed brick exterior.Additional features include a shared coin-operated laundry room for tenant convenience and supplemental income. Photos of all units are included in the listing, and complete financials are provided in the supplements for buyer review.The seller also owns the neighboring duplex and a mixed-use building with one apartment and a commercial space, for a total of 10 units all next door to each other. Preference is to sell as a package, though individual sales will be considered.

Property Features

Days on Market: 83
Fuel Type: Natural Gas
Heating: Baseboard, Forced Air
Lot Size: 0.11 Acres
Taxes: $3,906
Year Built: 1928

Feature Descriptions

Current Use: Residential
Foundation Size: 4536
Lot Dimensions: 3833
Owners Expense: Gas, Sewer, Snow Removal, Trash Collection, Water
Parcel#: 116010019081
Parking: Gravel
Sale Includes: Building
Sewer: City Sewer/Connected
Tenant Expenses: Electricity
Units: 6
Utilities: Electric Separate
Water: City Water/Connected

Local Schools

School District: Howard Lake-Waverly-Winsted

Listed By / Sold By

Listed By

Agency Name: Lifecycle Real Estate Services

Shown By

Agency Title: RE/MAX Legacy Realty
Agency Phone: 701-492-5050

Sold By

Login to My Homefinder

Pixel