Alexandria Homes under $400,000

Welcome to Alexandria, Minnesota—an enchanting city nestled in the heart of Douglas County, known for its stunning lakes, vibrant community, and rich history. With its picturesque landscapes and friendly atmosphere, Alexandria is the perfect blend of small-town charm and modern conveniences, making it an ideal place to call home.

As you explore the real estate market in Alexandria, you'll be delighted to discover a variety of homes available for under $400,000. Whether you're a first-time homebuyer, looking to downsize, or seeking a cozy retreat, Alexandria has something to offer everyone. From charming single-family homes to contemporary townhouses, you'll find properties that cater to diverse lifestyles and budgets.

One of the standout features of Alexandria is its proximity to beautiful lakes, parks, and recreational activities. Spend your weekends boating on Lake Carlos, hiking the scenic trails of the Central Lakes State Trail, or enjoying a picnic at one of the many local parks. The city also boasts a thriving arts scene, with galleries, theaters, and seasonal festivals that bring the community together.

Families will appreciate the top-rated schools and safe neighborhoods, while retirees can enjoy a peaceful lifestyle surrounded by nature. With a growing economy and strong sense of community, Alexandria is an excellent place to invest in your future.

If you're ready to embark on your home-buying journey in Alexandria, Minnesota, let our dedicated team guide you through the process. Your dream home awaits in this charming lakeside city!

Newest Alexandria Homes under $400,000

$120,000

5 Beds ⋅ 2 Baths ⋅ 7156691 MLS

Opportunity for the handy buyers with a vision! This solid home needs some work and TLC. It is rare to find such a large lot in town. The lot has a fenced in area, a circle driveway and with a little clearing of trees there could be access from the alley as well. The 24 x 24 detached garage is a bonus and the front porch adds to the charm of the home. The basement features a 1/4 bath and stairs to the outside. No one has lived in the house for over 3 years but the home has been heated during the winters. The roof, water heater and furnace are all newer but no one knows when they were installed.

406 8th Avenue E, Alexandria

Listing courtesy of Counselor Realty Inc of Alex.

$149,900

1 Beds ⋅ 1 Baths ⋅ 7158299 MLS

A very welcoming community. New remodel with beautiful vinyl plank floors throughout condo and new paint. New appliances. 55+ Community, secure access, includes heated garage, Internet Wi-Fi, exercise room, game room, library, beauty shop, and central TV antennae. Resident owned. Homeowner’s Association is $391 per month which includes Internet, heat, water, free onsite laundry, garbage, and private storage room. No pets.

1415 Lake Street Unit 142, Alexandria

Listing courtesy of 123 Realty.

$220,000

5 Beds ⋅ 3 Baths ⋅ 7157891 MLS

Income-Producing Investment Property | 3 Units | Detached 2-Stall Garage Investors, take note! This unique property offers three existing rental units, a detached two-stall garage (garage not currently rented), and a large, level corner lot with additional income potential. Currently generating $31,800 in annual gross income with reported annual expenses of $10,559, the property produces an estimated annual net income of $21,241. Originally built as a single-family home, the property has been converted into three separate rental units. The original interior staircase remains intact, with doorways currently separating the units, offering the potential to explore a conversion back to a single-family residence, subject to applicable requirements. The exterior is in good condition, while the interior offers an opportunity for updates and improvements to enhance the property’s value and rental potential. Buyers should anticipate interior work, including flooring updates and possible plumbing-related repairs. With established rental income, a detached two-stall garage, and a spacious corner lot, this property offers multiple possibilities for investors looking to expand their portfolio or buyers seeking a property with flexibility and long-term potential. Explore the possibilities and make this investment your own! Offered at $220,000.

1202 Elm Street, Alexandria

Listing courtesy of Central MN Realty LLC.

$365,000

4 Beds ⋅ 4 Baths ⋅ 7155655 MLS

CHARACTER, SPACE & LOCATION—THIS ONE HAS IT ALL! A rare opportunity to own a beautifully maintained 1920 Bungalow with gorgeous woodwork on almost an acre with a fully fenced backyard, multiple detached garages, and incredible additional finished space! Step inside and fall in love with the timeless charm of original woodwork, built-ins, and a cozy fireplace, beautifully complemented by modern updates including new roof in 2023 and upper-level primary bedroom windows and vintage inspired ceiling in 2026. The main floor offers a bright updated kitchen with quartz countertops, stainless-steel appliances and breakfast nook, formal dining room, living room, bedroom, and updated full bath. Upstairs features three bedrooms with walk-in closets plus a half bath. The lower level adds a large family room, ¾ bath with sauna, laundry, and plenty of storage. The garage setup is truly exceptional! Enjoy a large, detached garage with two-car parking plus a separate insulated/heated garage with a ¼ bath, finished heated space above ideal for an office, studio, or guest quarters, and additional unfinished storage. Plus, there’s another detached single-car garage and a 10x10 garden shed for all your storage needs! Outside, the expansive fenced yard with patio and pergola offers room to relax, entertain, play, and enjoy your own private space, as well as garden with three raised garden beds. This home is an Historic Gem, built and owned by John Ross who was famous for his produce that supplied local restaurants. The street next to this home is named Ross Garden after him. Location is hard to beat—just across the street from the highly coveted "Chain of Lakes", take a stroll down the exceptional sidewalks just ½ mile to The Lure and Zorba’s or approximately 1 mile to Rotary Beach. Close to shopping, dining, and recreation, you can have it all in just minutes! A truly unique property with character you simply can’t duplicate, space you won’t outgrow, and a location you’ll love!

3308 N Nokomis NE, Alexandria

Listing courtesy of Century 21 First Realty, Inc..

$375,000

2 Beds ⋅ 2 Baths ⋅ 7155481 MLS

Come to Lake Connie where the peaceful serenity of town home living awaits. This 2 bedroom, 2 bath boasts of all the things you need. It is main floor living, updated kitchen with stainless steel appliances, new countertops, vaulted ceilings, updated flooring in the living room, sunroom and bedroom. The primary bedroom boasts with views of the water, walk-in closet and full bath attached. The sunroom offers an additional space for a TV room, den or a great place to enjoy the water views all year long. Featuring a 2 stall garage and the perfect location in town, this town home is sure to please. Roof was new in 2025, New water heater in 2025, new appliances in 2021, Flooring updated in 2021, Simple and filled with all the things you need. Come take a look today.

1210 7th Avenue E, Alexandria

Listing courtesy of Real Estate by Jo, LLC.

$134,900

7156537 MLS

HEATED FINISHED SHOP! on a beautiful buildable lot! Potential Shouse! Experience the ideal blend of space, convenience, and potential with this fully finished and heated shop, perfectly situated on a generous residential lot just outside Alexandria. Built with quality in mind, this impressive 1,500+ sq. ft. shop is designed for year-round use and features two 8' x 10' overhead doors along with two service doors for easy access. Inside, you’ll find 9' ceilings, excellent lighting, an in-floor drain, air compressor lines, abundant electrical outlets, built-in cabinetry, and even attic storage—everything you need for hobbies, projects, or storing your favorite toys. The expansive lot offers the perfect setting to build your future home, surrounded by mature oak trees in the sought-after Country Shores neighborhood. This has been approved for conversion into living quarters making this an economical shouse. Enjoy a peaceful, private atmosphere while staying conveniently close—just 5 minutes from Alexandria’s south side and only 2 minutes to I-94. Opportunities like this don’t come around often—schedule your showing today and see the possibilities for yourself!

4760 Country Shores, Alexandria

Listing courtesy of Century 21 First Realty, Inc..

$399,000

3 Beds ⋅ 2 Baths ⋅ 7153893 MLS

Great Rambler on a 2 acre corner lot now available in Alexandria. Take a closer look at this 3 bedroom, 2 bath with laundry all on the main floor. Trees and gardens off the patio and deck with a storage shed and garden shed to keep the large 3+stall garage organized.

1401 50th Avenue SE, Alexandria

Listing courtesy of ORB Real Estate.

$359,900

2 Beds ⋅ 2 Baths ⋅ 7153441 MLS

With 114 Quincy already sold, we’re proud to offer the next in this sought-after new 55+ development. The photos truly don’t do it justice—you’ll want to see it in person to appreciate the build-quality, peaceful setting and overall value compared to other new homes in Alexandria. The developer worked hard to combine quality construction with affordability, and it shows. This is currently the lowest-priced, stand-alone new construction home (non–twin home) available in Alexandria. Tucked in a quiet, neighborhood, this community offers comfort, convenience, and quiet living—perfect for retirees who want the privacy of their own home without shared walls.This brand-new single-level home features slab-on-grade living with in-floor heat throughout, including the 2-stall garage. With 1,451 square feet, it’s ideally sized for those looking to downsize while still enjoying thoughtful separation of space. The bright sunroom overlooks the backyard and makes a perfect home office or optional third bedroom. Inside, you’ll find a spacious kitchen with Swedberg cabinetry, quartz countertops, stainless steel appliances and upgraded flooring. The living area includes an electric fireplace, and the primary suite offers a walk-in tile shower, walk-in closet and access to a private patio. Oversized windows throughout fill the home with natural light, creating a warm and inviting atmosphere. Surrounded by acres of pristine forest, this peaceful 55+ community provides a low-maintenance lifestyle just minutes from town conveniences. Only seven homes will be built in this charming association and with the first already sold, 116 Quincy is your opportunity to join early. Come see the difference in quality, comfort and setting—schedule your visit today!

116 N Quincy Street, Alexandria

Listing courtesy of Edina Realty, Inc..

$299,900

3 Beds ⋅ 3 Baths ⋅ 7149867 MLS

Enjoy low-maintenance living with a view! This updated 3BR, 3BA home is ideally located directly across the street from Lake Latoka Beach, giving you beautiful lake views and the opportunity to simply head across the street for a day of swimming, relaxing on the beach, or enjoying time by the water. The upper level welcomes you with a beautiful, spacious kitchen featuring a large center island—perfect for gathering, entertaining, and everyday living. You’ll also find a spacious primary on-suite with a private bath and large closet. Step outside onto the maintenance-free deck, take in the views of Lake Latoka, and enjoy having the beach practically at your doorstep. A mini-split provides added comfort throughout the seasons. The lower level offers an additional bedroom, 3/4 bath with a tiled, no-step shower, family room with electric fireplace, laundry area and storage under the stairs. With lawn care and snow removal taken care of for you, this home is all about easy living. Centrally located near the YMCA, downtown Alexandria, shopping, dining, and more—you can enjoy the convenience of being close to town while having Lake Latoka Beach right across the street. Grab your towel, head to the beach, and enjoy the lake lifestyle without the lakefront maintenance or lake property taxes!

2813 Latoka Beach Road NW, Alexandria

Listing courtesy of Central MN Realty LLC.

$274,900

4 Beds ⋅ 2 Baths ⋅ 7151033 MLS

This 4-bedroom, 2-bath home offers plenty of space, natural light, and opportunity to make it your own. The main level features three bedrooms, a spacious living room with large windows and a wood-burning fireplace. The white quartz countertops add a bright, modern touch to the kitchen. Downstairs, you’ll find the fourth bedroom, a massive family room with plenty of space for entertaining, hobbies, or additional living space, plus a large storage room. The attached one-stall garage is an impressive 48 feet deep, providing plenty of extra room for a workshop, storage, or recreational equipment. Out back, enjoy a nice patio area along with a handy storage shed that already has electricity connected. With great square footage and tons of potential, this home is ready for someone to bring their ideas and personal touches to life.

804 Cardinal Lane SW, Alexandria

Listing courtesy of Central MN Realty LLC.

$129,000

3 Beds ⋅ 2 Baths ⋅ 7149445 MLS

Brand-new Highland 28' × 48' double-wide manufactured home in Alexandria Estates! This 3-bedroom, 2-bath home offers a spacious, modern floor plan with approximately 1,280 sq. ft. of living space. The open living area provides plenty of room to relax or entertain, while the kitchen features brand-new appliances, generous cabinet space, and a large center island. The private primary suite includes its own en-suite bathroom, with two additional bedrooms and a second full bath providing plenty of flexibility. The classic white exterior with contrasting black shutters gives the home timeless curb appeal. Everything is brand new and move-in ready, including appliances, central air conditioning, landing, and skirting. Enjoy the benefits of a brand-new home without the repairs and updates that often come with an older property. Home is located on leased land in Alexandria Estates. Lot rent is $415/month. Community approval is required. Financing options may be available for qualified buyers.

215 N Mckay Avenue Unit 2, Alexandria

Listing courtesy of Savvy Avenue, LLC.

2782 Le Homme Dieu Hts Court NE, Alexandria

$389,000

3 Beds ⋅ 3 Baths ⋅ 7149527 MLS

Beautifully updated and wonderfully located! This 3-bedroom, 3-bath home sits on nearly 3/4 of an acre at the end of a quiet cul-de-sac, just minutes from Alexandria’s lakes, trails and Le Homme Dieu Beach. Step inside to a beautifully remodeled kitchen featuring locally crafted custom hickory cabinetry, quartz countertops, updated flooring, stainless appliances and an open-concept design that flows easily into the main living spaces. Enjoy convenient main-floor living with two bedrooms, den, two baths and laundry on the main level, plus additional finished space downstairs. Outside, the expansive yard is truly special, with an abundance of established perennials, mature landscaping and plenty of room to enjoy the seasons. A large power awning extends over the patio, creating a comfortable outdoor living space for relaxing, dining and entertaining. The oversized attached garage offers excellent room for vehicles, toys and storage. Bonus storage shed as well. A spacious, well-cared-for property in a convenient location with room both inside and out!

2782 Le Homme Dieu Hts Court NE, Alexandria

Listing courtesy of Randy Fischer Real Estate, Inc.

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