322 5th Avenue E, Alexandria, MN 56308

Alexandria
Local realty services provided by:ERA Prospera Real Estate
322 5th Avenue E,Alexandria, MN 56308
$215,900
  • 7 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: kristine telkamp, bridget telkamp
Office: counselor realty inc of alex
MLS#:7060763
Source:NSMLS

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Price summary

  • Price:$215,900

About this home

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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Home facts

  • Year built:1900
  • Subdivision & Development:Original Alexandria
  • Listing ID #:7060763
  • Added:133 day(s) ago
  • Updated:September 05, 2026 at 02:43 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Partial, Unfinished

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$215,900
  • Tax amount:$2,849 (2026)

Parking

  • Parking description:Detached Garage
  • Garage:Yes
  • Garage spaces:3
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