1202 Elm Street, Alexandria, MN 56308

Alexandria
Local realty services provided by:Better Homes and Gardens Real Estate Park Company
1202 Elm Street,Alexandria, MN 56308
$220,000
  • 5 Beds
  • 3 Baths
  • 2,168 sq. ft.
  • Multi-family
  • Active
Listed by: sammi lindemann
Office: central mn realty llc.
MLS#:7157891
Source:NSMLS

Price summary

  • Price:$220,000
  • Price per sq. ft.:$93.54

About this home

Income-Producing Investment Property | 3 Units | Detached 2-Stall Garage Investors, take note! This unique property offers three existing rental units, a detached two-stall garage (garage not currently rented), and a large, level corner lot with additional income potential. Currently generating $31,800 in annual gross income with reported annual expenses of $10,559, the property produces an estimated annual net income of $21,241. Originally built as a single-family home, the property has been converted into three separate rental units. The original interior staircase remains intact, with doorways currently separating the units, offering the potential to explore a conversion back to a single-family residence, subject to applicable requirements. The exterior is in good condition, while the interior offers an opportunity for updates and improvements to enhance the property’s value and rental potential. Buyers should anticipate interior work, including flooring updates and possible...

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Home facts

  • Year built:1900
  • Subdivision & Development:Hicks 3rd Add
  • Listing ID #:7157891
  • Added:1 day(s) ago
  • Updated:October 10, 2026 at 01:03 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Finished
  • Living area:2,168 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Age Over 8 Years
  • Year built:1900
  • Building area:2,168 sq. ft.
  • Lot area:0.33 Acres
  • Lot Features:Corner Lot, Level, Tree Coverage - Medium
  • Construction Materials:Block
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$220,000
  • Price per sq. ft.:$93.54
  • Tax amount:$2,768 (2026)

Parking

  • Parking description:Detached Garage, Gravel, Shared Driveway
  • Garage:Yes
  • Garage spaces:2
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. NSMLS Member Broker: Bob Erickson

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