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$ 219,900
Est. payment /mo
New
322 5th AVE E Alexandria, MN 56308
7 Beds
3 Baths
2,880 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $76
Subdivision Original Alexandria
MLS Listing ID 7060763
Bedrooms 7
Year Built 1900
Annual Tax Amount $2,849
Tax Year 2026
Contingent None
Lot Size 10,193 Sqft
Lot Dimensions 150x68x150x68
Property Sub-Type Duplex Up and Down
Property Description
Duplex investment opportunity in the heart of Alexandria! Situated on a large corner lot, this property includes a 3-car garage and solid income potential. Both units are fully leased, generating immediate cash flow—upper unit rents for $1,200/month and the main floor unit for $1,250/month, totaling $29,400 annually.
Each unit offers approximately 1,440 sq. ft. of living space with functional layouts that appeal to long-term tenants. The property features vinyl siding, new roof in 2024, newer windows, and updated furnaces, along with shared laundry in the rear entry.
While the property could benefit from some cosmetic updates, it presents a great opportunity for investors to build equity and increase rental income over time. Owner currently pays utilities.
Each unit offers approximately 1,440 sq. ft. of living space with functional layouts that appeal to long-term tenants. The property features vinyl siding, new roof in 2024, newer windows, and updated furnaces, along with shared laundry in the rear entry.
While the property could benefit from some cosmetic updates, it presents a great opportunity for investors to build equity and increase rental income over time. Owner currently pays utilities.
Location
State MN
County Douglas
Rooms
Basement Partial, Unfinished
Interior
Heating Forced Air
Fireplace No
Laundry Common Area, Main Level
Exterior
Parking Features Detached Garage
Garage Spaces 3.0
Fence None
Building
Story Two
Foundation 1440
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick,Frame
New Construction false
Schools
School District Alexandria
Listed by Kristine Telkamp • Counselor Realty Inc of Alex