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$ 235,000
Est. payment /mo
Contingent
321 6th AVE E Alexandria, MN 56308
5 Beds
3 Baths
2,564 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Contingent
Purchase Type For Sale
Square Footage 2,564 sqft
Price per Sqft $91
Subdivision Original Alexandria
MLS Listing ID 7098633
Bedrooms 5
Year Built 1900
Annual Tax Amount $2,258
Tax Year 2025
Contingent Inspection
Lot Size 6,272 Sqft
Lot Dimensions 70x90
Property Sub-Type Triplex
Property Description
Don't miss this opportunity to own a triplex with a strong rental history in Alexandria. Based on the current rental income and purchase price, this property is currently performing at approximately 1.4%, surpassing the commonly used 1% rule—an increasingly difficult investment benchmark to find. With established rental income already in place, a new owner can begin cash flowing right away.
As Alexandria continues to grow, rental demand remains strong. Whether you're looking to expand your investment portfolio or live in one unit while the other two help offset your mortgage, this property offers excellent flexibility and income potential.
The main floor features a spacious 2-bedroom unit along with an additional 1-bedroom unit. Upstairs, you'll find another 2-bedroom unit. Shared coin-operated laundry is conveniently located in the basement, and the detached double garage offers additional parking, storage, or potential rental income.
Conveniently located near downtown, parks, and everyday amenities, this is a great opportunity for both investors and owner-occupants.
A minimum of 24-hour notice is required for showings; 48-hour notice is preferred.
As Alexandria continues to grow, rental demand remains strong. Whether you're looking to expand your investment portfolio or live in one unit while the other two help offset your mortgage, this property offers excellent flexibility and income potential.
The main floor features a spacious 2-bedroom unit along with an additional 1-bedroom unit. Upstairs, you'll find another 2-bedroom unit. Shared coin-operated laundry is conveniently located in the basement, and the detached double garage offers additional parking, storage, or potential rental income.
Conveniently located near downtown, parks, and everyday amenities, this is a great opportunity for both investors and owner-occupants.
A minimum of 24-hour notice is required for showings; 48-hour notice is preferred.
Location
State MN
County Douglas
Zoning Residential-Multi-Family
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Building
Story One and One Half
Foundation 1800
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One and One Half
Structure Type Frame
New Construction false
Schools
School District Alexandria
Listed by Saige Haecherl • Central MN Realty LLC