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$ 350,000
Est. payment /mo
Pending
320 7th AVE E Alexandria, MN 56308
0.57 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Subdivision Anderson Heritage
MLS Listing ID 6823527
Year Built 1960
Annual Tax Amount $4,286
Tax Year 2025
Contingent None
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions 170 x 150
Property Description
Investment/Owner-Occupant Opportunity
Property Highlights
Total Units: 3
Total Bedrooms: 13
Total Bathrooms: 5+
Don't miss this exceptional investment property located in the heart of Alexandria, MN. With a combined 13 bedrooms, this triplex offers excellent rental income potential, especially catering to the high-demand student and local housing market.
The unique configuration and abundant parking (a massive 12-stall garage plus off-street spots) make this property a true standout. Investors can explore additional income streams by getting creative with the expansive building footprint and unused portions of the building.
Unit Breakdown
This building features three spacious units, providing flexible rental options:
Unit 1 (Standard): 3 Bedrooms / 1 Bathroom
Unit 2 (High-Demand): 5 Large Bedrooms / 2 Full Bathrooms
Unit 3 (High-Demand): 5 Large Bedrooms / 2 Full Bathrooms
Location, location, location! Situated in a highly desirable area of Alexandria, tenants will enjoy unparalleled convenience. Just minutes away from Alexandria Technical & Community College (ATCC), making it an ideal choice for student rentals. City Center Access: Quick and easy access to the main attractions and employment centers of Alexandria
Extra Space: Lots of extra space throughout the property provides incredible opportunities for upgrades, common area creation, or simply more tenant storage. This is more than just a multi-family unit—it's a massive income generator in a prime location. Schedule your showing today to explore the endless possibilities!
Property Highlights
Total Units: 3
Total Bedrooms: 13
Total Bathrooms: 5+
Don't miss this exceptional investment property located in the heart of Alexandria, MN. With a combined 13 bedrooms, this triplex offers excellent rental income potential, especially catering to the high-demand student and local housing market.
The unique configuration and abundant parking (a massive 12-stall garage plus off-street spots) make this property a true standout. Investors can explore additional income streams by getting creative with the expansive building footprint and unused portions of the building.
Unit Breakdown
This building features three spacious units, providing flexible rental options:
Unit 1 (Standard): 3 Bedrooms / 1 Bathroom
Unit 2 (High-Demand): 5 Large Bedrooms / 2 Full Bathrooms
Unit 3 (High-Demand): 5 Large Bedrooms / 2 Full Bathrooms
Location, location, location! Situated in a highly desirable area of Alexandria, tenants will enjoy unparalleled convenience. Just minutes away from Alexandria Technical & Community College (ATCC), making it an ideal choice for student rentals. City Center Access: Quick and easy access to the main attractions and employment centers of Alexandria
Extra Space: Lots of extra space throughout the property provides incredible opportunities for upgrades, common area creation, or simply more tenant storage. This is more than just a multi-family unit—it's a massive income generator in a prime location. Schedule your showing today to explore the endless possibilities!
Location
State MN
County Douglas
Zoning Other,Residential-Single Family
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Parking Features Attached Garage, Asphalt, Parking Garage, Tandem Garage
Garage Spaces 10.0
Utilities Available Electric Common
Present Use Other
Building
Story Two
Foundation 8326
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Alexandria
Listed by Lance Bailey • Central MN Realty LLC