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Listed price in listed location currency (USD).
$417,000

532

MLS® 7083432

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2977 sqft
Garage Yes
Taxes $4,906
Days Active 4
Lot Size 
Approx. Age 1956
Avg. Price Per Sqft $140
MLS® Number 7083432

Property Address: 501 W 3rd St, Monticello, MN, 55362-8501

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

Description

Excellent turnkey triplex investment opportunity in Monticello! This fully occupied property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit with established tenants and lease agreements in place, offering immediate cash flow and stable rental income. Numerous updates have been completed throughout the property, including remodeled kitchens, bathrooms, flooring, fixtures, and finishes that contribute to strong tenant appeal and pride of ownership. Major improvements include a new roof (2025), new water heater (2025), and new furnace (2021), helping minimize future capital expenses. Separate electric meters serve each unit, and the property is situated on a spacious half-acre lot, offering exceptional outdoor space and flexibility rarely found with multifamily properties. Conveniently located near downtown Monticello, parks, schools, shopping, dining, and major commuter routes, this well-maintained property offers immediate cash flow, a strong rental history, and long-term investment potential. Income and expense information available upon request.
MLS® Number7083432
Laundry LevelMain
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1956
BasementBlock
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 4, 2026List Date
$417,000List Price
  • Commute

Commute

Starting Address
Destination Address
501 W 3Rd St, Monticello, MN

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