322 5th Ave E Alexandria, MN 56308
Estimated payment $1,429/month
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,849
Year Built
- Built in 1900
Parking
- 3 Car Detached Garage
Home Design
- Duplex
- Brick Exterior Construction
- Brick Foundation
- Frame Construction
- Vinyl Siding
Interior Spaces
- 2,880 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Partial Basement
- Laundry on main level
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Additional Features
- Lot Dimensions are 150x68x150x68
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 631200000
Community Details
Overview
- 2 Units
- Original Alexandria Subdivision
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $2,826 | $243,900 | $27,500 | $216,400 |
| 2024 | $2,826 | $222,500 | $26,200 | $196,300 |
| 2023 | $2,788 | $207,700 | $26,200 | $181,500 |
| 2022 | $2,566 | $188,400 | $24,500 | $163,900 |
| 2021 | $2,474 | $168,100 | $24,500 | $143,600 |
| 2020 | $2,454 | $159,200 | $24,500 | $134,700 |
| 2019 | $2,348 | $152,800 | $24,500 | $128,300 |
| 2018 | $1,858 | $148,100 | $24,500 | $123,600 |
| 2017 | $1,756 | $118,400 | $36,700 | $81,700 |
| 2016 | $1,796 | $111,647 | $35,599 | $76,048 |
| 2015 | $1,774 | $0 | $0 | $0 |
| 2014 | -- | $106,900 | $34,900 | $72,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2026 04/23/26 | For Sale | $219,900 | -- | $76 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7060763
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Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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