$235,000
SOLD AUG 26, 2026
5 Beds
3 Baths
2,564 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: August 26, 2026

$92 Per Sq Ft

49 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Coin Laundry

About This Home

As of August 2026

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.

Last Agent to Sell the Property

Saige Haecherl

Central MN Realty LLC Listed on: 06/23/2026

Central MN Realty LLC

Co-Listed By

Lee Haecherl

Central MN Realty LLC

Last Buyer's Agent

Saige Haecherl

Central MN Realty LLC Listed on: 06/23/2026

Central MN Realty LLC
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,258

Year Built

  • Built in 1900

Parking

  • 2 Car Detached Garage

Home Design

  • Triplex
  • Poured Concrete
  • Frame Construction
  • Steel Siding

Interior Spaces

  • 2,564 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Lot Dimensions are 70x90
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for grounds care, repairs, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 631196000

Community Details

Overview

  • 3 Units
  • Original Alexandria Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,258

Year Built

Built in 1900

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Type: Residential Income
  • Standard Status: Closed
  • Property Subtype 1: Triplex
  • Outside Features: Steel Siding
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2564
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 2564
  • Owner Pays: Grounds Care, Repairs, Sewer, Snow Removal, Trash Collection, Water
  • Basement YN: Yes
  • Appliances: Range, Refrigerator
  • Appliances: Range, Refrigerator
  • Appliances: Range, Refrigerator
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Foundation Details: Poured Concrete

Garage/Parking

  • Parking Features: Detached Garage

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Common Area
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Alexandria
  • SchoolDistrictPhone: 3207622141

Lot Info

  • Waterfront YN: No
  • Lot Size: 70x90
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame
  • Units Total: 3

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 631196000
  • Tax Annual Amount: 2258
  • TaxWithAssessments: 2258

Multi Family

  • TenantPays: Electricity
  • FuelExpense: 3600
  • Number Of Refrigerators: Three

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Alexandria, MN

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $3,637,000 Premier Title Services
Deed -- --
Quit Claim Deed -- None Available
Warranty Deed $83,751 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $2,285,000 Credit Line Revolving
Previous Owner $63,750 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/26/2026 08/26/26 Sold $235,000 0.0% $92 / Sq Ft
08/11/2026 08/11/26 Pending -- -- --
06/23/2026 06/23/26 For Sale $235,000 -- $92 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $2,298 $186,500 $21,200 $165,300
2025 $2,298 $184,900 $21,200 $163,700
2024 $2,258 $175,700 $20,200 $155,500
2023 $2,228 $163,900 $20,200 $143,700
2022 $2,036 $148,600 $19,000 $129,600
2021 $1,960 $131,900 $19,000 $112,900
2020 $1,940 $124,700 $19,000 $105,700
2019 $1,834 $119,500 $19,000 $100,500
2018 $1,612 $114,200 $19,000 $95,200
2017 $1,520 $102,200 $27,900 $74,300
2016 $1,556 $96,321 $27,160 $69,161
2015 $1,534 $0 $0 $0
2014 -- $92,100 $26,600 $65,500
Source: Public Records

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Map

Source: NorthstarMLS

MLS Number: 7098633

NorthstarMLS
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