322 5th Avenue E, Alexandria, MN 56308

Alexandria
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
322 5th Avenue E,Alexandria, MN 56308
$219,900
  • 7 Beds
  • 3 Baths
  • 2,880 sq. ft.
  • Multi-family
  • Pending
Listed by: kristine telkamp, bridget telkamp
Office: counselor realty inc of alex
MLS#:7060763
Source:NSMLS

Price summary

  • Price:$219,900
  • Price per sq. ft.:$50.9

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.

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Home facts

  • Year built:1900
  • Subdivision & Development:Original Alexandria
  • Listing ID #:7060763
  • Added:99 day(s) ago
  • Updated:August 02, 2026 at 08:37 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Partial, Unfinished
  • Living area:2,880 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Building area:2,880 sq. ft.
  • Lot area:0.23 Acres
  • Levels:2 Story

Utilities

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

Finances and disclosures

  • Price:$219,900
  • Price per sq. ft.:$50.9
  • Tax amount:$2,849 (2026)

Parking

  • Parking description:Detached Garage
  • Garage:Yes
  • Garage spaces:3
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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