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Real Estate Company
321 6th Avenue E, Alexandria, MN 56308
- $235,000
- 5
- BD
- 3
- BA
- 2,564
- SqFt
- Sold Price
- $235,000
- List Price
- $235,000
- Closing Date
- Aug 26, 2026
- MLS#
- 7098633
- Status
- CLOSED
- Type
- Multifamily
- Style
- (MF) Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2,564
- Acres
- 0.14
- Subdivision
- Original Alexandria
- Year Built
- 1900
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.
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Additional Information
- School District
- Alexandria
- Amenities Shared
- Coin-op Laundry Owned
- Tax Year
- 2025
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Unfinished
- Parking
- Detached Garage
- Garage Spaces
- 2
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Listing courtesy of Central MN Realty LLC.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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