521 3rd Ave SW Cambridge, MN 55008
Estimated payment $2,317/month
Highlights
- Forced Air Heating System
- Baseboard Heating
- 4-minute walk to Cambridge city park
About This Home
Don't miss this opportunity to own a prime investment property. This 3 unit rental property is well maintained and is located in the heart of Cambridge. This versatile property includes one cozy one bedroom unit and two spacious 2 bedroom units, perfect for attracting a variety of tenants. Ideal for investors seeking steady income or looking to rent out one unit while renting the others. Lower unit has updated bathroom and new carpet through out. Close to the city park, restaurants, and shops. 2 units have forced air heat and central AC units. Aluminum siding with a paved private parking area.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,944
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 70 x 142
Home Design
- Triplex
Interior Spaces
- 1.5-Story Property
- Finished Basement
- Walk-Out Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- Forced Air Heating System
- Baseboard Heating
Community Details
- 3 Units
- Congers Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 150480350
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 | $3,944 | $262,100 | $19,900 | $242,200 |
| 2024 | $3,944 | $270,600 | $17,400 | $253,200 |
| 2023 | $3,292 | $270,600 | $17,400 | $253,200 |
| 2022 | $2,802 | $214,400 | $17,400 | $197,000 |
| 2021 | $2,766 | $157,800 | $17,400 | $140,400 |
| 2020 | $2,898 | $155,400 | $17,400 | $138,000 |
| 2019 | $2,782 | $161,400 | $0 | $0 |
| 2018 | $2,818 | $145,700 | $0 | $0 |
| 2016 | $3,098 | $0 | $0 | $0 |
| 2015 | $3,284 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Price Changed | $359,900 | +2.8% | $135 / Sq Ft |
| 07/24/2025 07/24/25 | For Sale | $349,999 | -- | $131 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $135,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $101 | Commercial | |
| Open | $101,250 | No Value Available | |
| Previous Owner | $147,800 | Commercial |
Source: NorthstarMLS
MLS Number: 6760219
APN: 15.048.0350
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