321 6th Avenue E, Alexandria, MN 56308

Alexandria
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
321 6th Avenue E,Alexandria, MN 56308
$235,000
  • 5 Beds
  • 3 Baths
  • 2,564 sq. ft.
  • Multi-family
  • Pending
Listed by: saige haecherl, lee haecherl
Office: central mn realty llc.
MLS#:7098633
Source:NSMLS

Price summary

  • Price:$235,000
  • Price per sq. ft.:$53.85

About this home

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...

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Home facts

  • Year built:1900
  • Subdivision & Development:Original Alexandria
  • Listing ID #:7098633
  • Added:50 day(s) ago
  • Updated:August 14, 2026 at 11:43 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,564 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Building area:2,564 sq. ft.
  • Lot area:0.14 Acres
  • Levels:1 1/2 Story

Utilities

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

Finances and disclosures

  • Price:$235,000
  • Price per sq. ft.:$53.85
  • Tax amount:$2,258 (2025)

Features and amenities

  • Laundry features:Coin-op Laundry Owned

Parking

  • Parking description:Detached Garage
  • 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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