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$235,000

For Sale

2 months ago

321 6Th Ave E, Alexandria, MN

House

MLS® 7098633

5 Bed

3 Bath

2564 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2564 sqft
Garage Yes
Taxes $2,258
Days Active 47
Lot Size 0.144 Acres
Approx. Age 1900
Avg. Price Per Sqft $91
MLS® Number 7098633

Property Address: 321 6th Ave E, Alexandria, MN, 56308-4206

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number7098633
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
BasementUnfinished
DrivewayDetached Garage
Garage Spaces
HeatForced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 24, 2026List Date
$235,000List Price
  • Commute

Commute

Starting Address
Destination Address
321 6Th Ave E, Alexandria, MN

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