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$235,000
5 Beds ⋅ 3 Baths ⋅ 7098633 MLS
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.

321 6th Avenue E, Alexandria

Listing courtesy of Central MN Realty LLC.

$235,000
2 Beds ⋅ 1 Baths ⋅ 7073661 MLS
Great opportunity to get on Lake Darling and the Chain of Lakes. You get your own boat slip, with this Year Round, 2 BR , fully furnished, cabin. Beautiful lake front, hard, sandy bottom, with beautiful views of the sunset. There is a grill for each unit, large community deck, large dock, a shared storage unit and recreational equipment in the garages, 2 parking spots for each cabin. This property is a Co-Op, you are 1/8th owner and receive a Stock Certificate. The following is paid by the dues:Taxes, Electric, Insurance,Yard and Snow Service, Docks In and Out,Pest Control,Bookkeeper/Accountant and Reserve fund are all paid with the dues.The unit owner is responsible for their own internet and heat plus the monthly dues. Very easy to own. There is a professional management company in place making this an easy investment. Seller is a licensed Realtor in the State of MN.

1321 S Darling Drive NW, Alexandria

Listing courtesy of Counselor Realty Inc of Alex.

$230,000
3 Beds ⋅ 2 Baths ⋅ 7079680 MLS
Discover comfort and convenience in this charming 1.5-story home featuring 3 bedrooms and 2 bathrooms, situated on a spacious corner lot in a great location near Noonan Park. This cute and tastefully decorated home offers a warm, inviting feel with plenty of room both inside and out. Recent improvements include a newer furnace, mini split system, dishwasher, and front steps, plus brand-new shingles and a water heater, giving added peace of mind. The unfinished basement provides additional space with endless possibilities for future expansion, storage, or creating extra living areas to fit your needs. Outside, the detached 2-car garage offers great storage and parking space, while the large corner lot gives you plenty of room to enjoy the outdoors. A wonderful opportunity in a desirable location close to parks and amenities!

620 8th Avenue E, Alexandria

Listing courtesy of Counselor Realty Inc of Alex.

$229,000
2 Beds ⋅ 2 Baths ⋅ 7121582 MLS
Rare Opportunity! Welcome home to this ''one of a kind'' condo located in the heart of Alexandria. Spacious owner's suite with a walk-in closet and connected bath that has a large walk-in tiled shower. Bedroom 2 is large with a full bath across the hall. The beautiful kitchen includes newer cabinetry, while dining room boasts custom built in shelving and large cabinets for storage. The dining room is open to the spacious living room along with French doors to the four-season porch. Step outside to your very own private paver patio or if looking to socialize, wander around to the luscious outdoor center courtyard. There are so many spaces to enjoy, including the game room, library, woodworking shop, fitness center, or meet for coffee and social hours in the large community room. This complex includes all the amenities you could ever want or need. All utilities included in HOA except electricity and A/C, which averages about $55 per month. This community offers something for everyone. You will feel right at home here! Come check out this unit that features newer cabinets, furnace, and flooring, along with custom built ins. This unit has been well kept. Don't miss out on this 55 and older independent living complex. It won't last long!

1415 Lake Street Unit 140, Alexandria

Listing courtesy of Century 21 First Realty, Inc..

$229,000
3 Beds ⋅ 2 Baths ⋅ 7067132 MLS
This charming 3-bedroom, 2-bath home sits on a generous corner lot shaded by mature trees, offering both space and a sense of privacy. Inside, the open-concept layout creates a seamless flow between the inviting living room, dining area, and kitchen—ideal for everyday living and entertaining. The kitchen features ample counter space and comes complete with stainless steel appliances that are included with the sale. You’ll also appreciate the newer windows and many other recent updates, adding comfort and efficiency throughout the home. Step outside to enjoy the expansive yard, perfect for outdoor activities, gardening, or simply relaxing in your own private retreat. The corner lot provides additional room to spread out while maintaining a welcoming neighborhood feel. Conveniently located near parks, schools, and everyday amenities, this home offers both comfort and convenience. A wonderful opportunity to settle into a space you can truly call your own!

920 5th Avenue E, Alexandria

Listing courtesy of Century 21 First Realty, Inc..

$228,000
3 Beds ⋅ 1 Baths ⋅ 7065566 MLS
Cardinal Lane is welcoming you home! This freshly updated rambler is full of potential and opportunity for the next owner to make it their own. Offering 3 bedrooms, 1 bathroom, and a large detached 2 stall garage, this home provides the space, layout, and functionality buyers are looking for. Step outside and enjoy the beautifully established flower gardens surrounding the property along with additional room for a vegetable garden, outdoor entertaining space, or backyard retreat. The large fenced backyard offers plenty of room for pets, play, and everyday enjoyment. Currently used as a rental property, this home may require a little vision, but the updates, layout, yard space, and overall potential make it a standout opportunity in today’s real estate market. Located close to schools, parks, shopping, dining, and local conveniences, this property offers strong value for first-time buyers, investors, or anyone looking to build equity with a little imagination. Homes with fenced yards, detached garages, and this kind of potential. Come see the possibilities Cardinal Lane has to offer!

708 Cardinal Lane SW, Alexandria

Listing courtesy of Coldwell Banker Crown Realtors.

$225,500
2 Beds ⋅ 1 Baths ⋅ 7047847 MLS
Recently renovated 1½-story home on nearly 1/2 acre featuring numerous major updates, including a new roof, new furnace, new central A/C, newer windows and new glass patio door. Fresh interior paint, updated bathroom fixtures, and tile provide a clean, move-in-ready feel. Exterior features low-maintenance vinyl siding, a large fenced backyard, and an oversized 34' x 28' garage with two front stalls plus a workshop in the rear. The lower level offers excellent potential with space ready to finish for a living room and third bedroom, adding future equity and living space. All appliances are in working order & it's move-in ready! Conveniently located not far from Broadway. Alexandria has something to offer everyone. Schedule your showing before this one leaves the market. A great combination of updates, functionality, and opportunity! ** HIGHEST AND BEST OFFER DUE BY FRIDAY, AUGUST 7, 2026 AT 12:00 pm. **

712 4th Avenue E, Alexandria

Listing courtesy of Century 21 First Realty, Inc..

$215,900
7 Beds ⋅ 3 Baths ⋅ 7060763 MLS
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.

322 5th Avenue E, Alexandria

Listing courtesy of Counselor Realty Inc of Alex.

$215,000
3 Beds ⋅ 3 Baths ⋅ 7079290 MLS
Located on the edge of town with convenient access to Alexandria, this 3-bedroom, 2-bath property offers endless opportunity for homeowners and investors alike! Featuring a 2-car attached garage, natural gas heat, city sewer, and a private well, this home combines the convenience of town living with extra space and flexibility. A detached garage/workshop provides the perfect setup for hobbies, storage, or future business use. While currently zoned residential, the property boasts excellent visibility and quick access to major highways, creating exciting potential for future commercial possibilities. Bring your interior decorating ideas and personal touch to transform this property into the home — or investment — you’ve been looking for! (House was moved onto new foundation in approx. 1973).

1530 County Road 82 NW, Alexandria

Listing courtesy of Counselor Realty Inc of Alex.

$213,000
3 Beds ⋅ 2 Baths ⋅ 7076918 MLS
Discover the perfect blend of comfort and convenience in this delightful home perched on a large corner lot with stunning views overlooking Grant Lake. This well-maintained residence offers the ease of main floor living with thoughtful updates throughout. The main level features a practical layout with a dual-access bathroom complete with a walk-in shower—ideal for guests or everyday convenience. Recent upgrades include newer windows that flood the home with natural light, plus a newer furnace and air conditioner ensuring year-round comfort and energy efficiency. Upstairs, you'll find two additional bedrooms, including a private retreat with its own en-suite bathroom—perfect for guests or family members seeking their own space. The third upper-level room offers versatile possibilities as a home office, nursery, or generous walk-in closet to suit your lifestyle needs. Outside, the oversized detached 1-stall garage provides ample storage and workspace, while the expansive corner lot offers plenty of room for outdoor activities, gardening, or simply enjoying the serene lake views. Don't miss this opportunity to make it yours!

6262 County Road 4w SW, Alexandria

Listing courtesy of Central MN Realty LLC.

$212,000
2 Beds ⋅ 2 Baths ⋅ 7039640 MLS
Welcome to The Galaxy, a rare opportunity to own a spacious condo in the center of the city! Enjoy the convenience of being just minutes from downtown, grocery stores, medical services, and more. With over 1,400 finished square feet, this is one of the largest units in the building and offers 2 bedrooms, 2 bathrooms, a bright 4-season porch, and 2 parking spaces—one in the heated garage and one in the rear lot. This well-maintained 55+ community features only 17 owners, creating a smaller, more personal association. Residents enjoy elevator access, an exercise room, community room, guest accommodations for visitors, and a heated garage complete with a wash bay. Full of potential and ready for your personal touch, this home is a wonderful opportunity to make it your own. Schedule your showing today!

500 Fillmore Street Unit 202, Alexandria

Listing courtesy of Randy Fischer Real Estate, Inc.

$210,000
6 Beds ⋅ 2 Baths ⋅ 7076316 MLS
Step into timeless charm and endless opportunity with this spacious 6-bedroom historic home in the heart of Alexandria! Bursting with character and classic details, this unique property offers not one—but two kitchens and two dining areas, including a beautiful dining room with built-ins that adds warmth and elegance—perfect for gatherings and everyday living. Designed with flexibility in mind, the home features a separate stairwell providing private access to the upper level, which includes its own kitchen and 4 bedrooms—ideal for guests, extended family, or rental income. This setup makes it a strong candidate for Airbnb, VRBO, or long-term rental potential. Upstairs, you’ll also find a massive attic space full of potential—perfect for future expansion, a studio, or additional living space. Outside, enjoy the convenience of a single-car garage and a prime location just minutes from Alexandria’s beautiful lakes, schools, parks, churches, and shopping. This is truly a handyman’s dream—bring your vision and make this historic gem shine again. Whether you're looking for an investment opportunity or a spacious home with income potential, this property delivers!

424 6th Avenue W, Alexandria

Listing courtesy of Realty Executives Alex Home Sales.

$209,900
2 Beds ⋅ 2 Baths ⋅ 7093130 MLS
Opportunity awaits in this classic 1946 home nestled in a lovely, established neighborhood just a short walk from the local water park and downtown Alexandria. Full of character and timeless charm, you'll appreciate the arched doorways, wood floors, original doors, and vintage hardware that give this home its unique personality. Offering two main-floor bedrooms and a functional layout, this home provides a solid foundation for your vision. The unfinished basement features a ¾ bath, utility room, and laundry hookups, while also offering excellent expansion potential. With the addition of egress windows, the lower level could accommodate additional bedrooms, a family room, home office, or recreation space. The main-floor bathroom has been stripped and is ready for your finishing touches. A new vanity and tub with surround are included and currently stored in the garage. Recent improvements include a new front door, mostly new windows, a water heater installed in 2025, and a furnace installed in 2010. New central air conditioning, gutters and attached garage painted prior to closing. Outside, you'll find both an attached garage and an impressive 24' x 28' detached garage that is only eight years old—perfect for vehicles, hobbies, storage, or workshop space. A walk-up attic provides additional storage and future possibilities. Whether you're looking for your next renovation project, an investment opportunity, or a place to build equity, this home offers great bones, classic character, and endless potential. Bring your ideas, build sweat equity, and transform this charming property into something truly special.

1411 Douglas Street, Alexandria

Listing courtesy of Kvale Real Estate.

$203,000
2 Beds ⋅ 2 Baths ⋅ 7044374 MLS
Spacious and beautifully updated, this is one of the largest units available in the desirable Senator 55+ Condominium community! This well-maintained home features 2 bedrooms and 2 bathrooms, including a walk-in shower for added convenience. Enjoy easy one-level living with an open and inviting floor plan, highlighted by a generous living area and lovely views. The unit offers a private ensuite bath and a dressing room, along with numerous recent updates. The kitchen has been thoughtfully upgraded with all new cabinetry, added pantry shelving, a new sink, and updated appliances. Additional improvements include tall toilets and enhanced storage features throughout. Relax in the stunning 3-season porch, complete with newly installed doors, creating a bright and peaceful retreat. This space may be converted to a 4-season porch in accordance with association guidelines. Ideally located near the shared laundry area, this unit also includes easy access to the parking garage and an additional storage unit, adding to the overall convenience of this particular condominium. Residents of the Senator enjoy a variety of amenities, including a community kitchen and library, workshop, exercise and game rooms, and guest sleeping quarters available at a very reasonable cost. Fresh paint and a serene setting make this home truly move-in ready. Enjoy comfort, convenience, and peaceful living—schedule your showing today!

1415 Lake Street Unit 131, Alexandria

Listing courtesy of Edina Realty, Inc..

$191,000
3 Beds ⋅ 2 Baths ⋅ 7102895 MLS
Opportunity awaits with this 3-bedroom, 2-bathroom home in a fantastic location near Lake Darling and just minutes from town! While the interior is ready for your personal updates and vision, the big-ticket improvements have already been completed, including a roof that's only two years old, newer windows, siding, water heater, and water softener. Outside, you'll appreciate the attached two-stall garage and the private backyard, offering plenty of space to relax or entertain. Whether you're a first-time buyer, investor, or someone looking to build equity, this home is the perfect chance to create something special at an affordable price. If you're not afraid to roll up your sleeves, you'll find endless potential in this well-located property!

1405 S Darling Drive NW, Alexandria

Listing courtesy of Kvale Real Estate.

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