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+16514724012
Real Estate Company
322 5th Avenue E, Alexandria, MN 56308
- $215,900
- 7
- BD
- 3
- BA
- 2,880
- SqFt
- Sold Price
- $215,900
- List Price
- $219,900
- Closing Date
- Aug 05, 2026
- MLS#
- 7060763
- Status
- CLOSED
- Type
- Multifamily
- Style
- (MF) Duplex Up and Down
- Bedrooms
- 7
- Bathrooms
- 3
- Living Area
- 2,880
- Acres
- 0.23
- Subdivision
- Original Alexandria
- Year Built
- 1900
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.
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Additional Information
- School District
- Alexandria
- Amenities Shared
- Laundry
- Tax Year
- 2026
- Fencing
- None
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Partial, Unfinished
- Parking
- Detached Garage
- Garage Spaces
- 3
Mortgage Calculator
Listing courtesy of Counselor Realty Inc of Alex.
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